Midland-based Ring Energy said last week it resumed drilling operations for its first new horizontal wells in 10 months. Paul D. McKinney, CEO and chairman, said a well was spud Dec. 2 on Ring’s leasehold on northwest shelf in Yoakum County. It will be a 1.5-mile horizontal San Andres oil well drilled to a vertical […]

Houston-based Tellurian said last week it withdrew its application to build Permian Global Access natural gas pipeline in Texas and Louisiana. Tellurian withdrew the pipeline Dec. 1 from review process of the National Environmental Policy Act at U.S. Federal Energy Regulatory Commission. The company said, “Current market conditions do not support the economic thresholds to […]

Permian Highway by Kinder Morgan, 430-mile pipeline from Waha in west Texas to Katy, is fully operational, according to a report this week by National Gas Intelligence. The pipeline, which moves up to 2.1 Bcfd of associated gas volumes, was mechanically complete Nov. 1 and is expected to be fully in service in 2021Q1. Kinder […]

Tulsa-based Laredo Petroleum said last month in its quarterly financial report that it currently is operating one drilling rig and one completion crew in Howard County and expects to complete 15 wells during 2020Q4. The 15-well package is expected to be fully online this month. After resuming activities in 2020Q3, Laredo produced 87,857 boed, including […]

Denver-based Cimarex Energy said last month in its quarterly financial report that it currently is operating four drilling rigs and two completion crews in Permian Basin. Production in 2020Q3 averaged 180,300 boed – decrease of 9 percent from 2019Q3. Oil volumes of 62,900 b/d were down 16 percent from 2019Q3. Cimarex said Nov. 4 it […]

S&B Engineers and Constructors said Nov. 23 it completed two NGL fractionation plants for Phillips 66 at its Sweeny hub in Old Ocean that quadruple processing capacity to 400,000 b/d. S&B provided engineering, procurement and construction on two of the world’s largest units with combined processing capacity of 300,000 b/d. The complex includes Phillips 66’s […]

Permian Basin added drilling rigs for the sixth straight week, and U.S. resumed a growing count of active rigs after a decline, according to the latest report from Baker Hughes. As of Nov. 25, there were 161 rigs in Permian Basin (156 previous week), 147 rigs in Texas (144 previous week), 58 rigs in New […]

Fort Worth-based Contango Oil & Gas said Nov. 30 it has reached agreement to acquire assets in Permian Basin, Big Horn and Powder River via a bank-owned liquidation of assets of Mid-Con Energy for $58 million. Contango will acquire 7,500 boed of production (55 percent liquids) and 182,000 net acres. The Permian asset is located […]