Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a leader in the design and manufacturing of compressors, steam turbines, and associated auxiliaries, announced Dec. 3 they have successfully manufactured, tested, and shipped steam turbine driven compressor packages (turbomachinery) to Golden Triangle Polymers Company, a Chevron Phillips Chemical Company (CPChem) and QatarEnergy joint venture, for their world-scale […]
Lubbock Gets Pump Testing Facility
Lubbock-based SIMFLO, one of the nation’s top providers of industrial, municipal, and commercial and agricultural-use pumps, announced Dec. 2 they have added industry-changing, first-of-its-kind innovative technology to their new Engineered Products Facility, which features one of the largest and most advanced vertical turbine test facilities in North America. The technology, provided by Lubbock-based SitePro, Inc., […]
Give and Take
The fact that any cities in the Permian Basin, including Midland and Odessa, are more than a pinprick on a map is due to the presence and extraction of oil and gas. Indeed, the only reason the region is named after rocks that are invisibly buried thousands of feet out of sight, instead of by […]
Texas’ population tops 31 million; labor demand to depend on immigrants
U.S. Census Bureau said last week Texas’ population surpassed 31 million people. Texas added 562,941 residents between July 2023 and July 2024 to bring the state’s population to 31,290,831. A major factor of that growth was net international migration. Texas added 319,569 new residents from abroad – most since the pandemic and third after Florida […]
Texas adds to rig count, Permian and U.S. unchanged in Dec. 20 report
Rig counts in Permian Basin and U.S. were unchanged for the past week in the Dec. 20 report from Baker Hughes. There were 304 rigs in Permian Basin (307 year ago) and 589 in U.S. (620 year ago). Texas added a rig (up 1 to 285, down 21 from 306 year ago), and New Mexico […]
Brigham Exploration acquires assets in Delaware, Midland basins
Affiliates of Austin-based Brigham Exploration said last week they acquired non-operated assets in west Texas and southeast New Mexico from Great Western Drilling. The combination of the acquired assets and Brigham’s existing portfolio creates one of the largest private non-operated footprints in Permian Basin. The assets include more than 7,000 net acres in the Delaware […]
Phillips 66 to divest its interest in Gulf Coast Express pipeline
Houston-based Phillips 66 said last week it agreed to divest DCP GCX Pipeline, which owns 25 percent non-operating equity interest in Gulf Coast Express pipeline, to an affiliate of ArcLight Capital Partners for $865 million. The 500-mile Gulf Coast Express transports about 2 billion cubic feet per day of natural gas from Permian Basin to […]
Cottonmouth makes second investment in Verde Clean Fuels
Cottonmouth Ventures, subsidiary of Midland-based Diamondback Energy, is making an equity investment in Verde Clean Fuels with a stock purchase agreement valued at $50 million. It’s the second investment by Cottonmouth in Verde in the last two years for a total of $70 million – making Cottonmouth the second largest shareholder of Verde. Verde’s announcement […]
Holding the Line, Measured Approaches, and What the Web Revealed
The journal entries below are excerpted from recent installments of James Wicklund’s “Things I Learned…” newsletter. Funk. The oil and gas business continues in a funk, with oil prices around $70, the world fairly awash in oil and the hopes for demand growth not yet materializing. The sector has held the line on capex and spending, […]
Artificial Lift: Where It’s Going
Like a bartender short on lemons, oil and gas operators are intent on squeezing every drop of oil from every well at every stage of its life to meet global energy demands. New technology for hardware, well design, and management software are in the works for every type of lift, not just on the top […]
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