Count of active oil and gas drilling rigs in Permian Basin is up 14 percent in first 2 weeks of 2021, according to reports from Baker Hughes. As of Jan. 15, there were 189 rigs in Permian Basin (179 previous week, 175 to start 2021), 169 rigs in Texas (161 previous week, 161 to start […]
Texas Petro Index declines again, hopeful for new cycle of recovery
Texas Petro Index declined for the 21st straight month in November 2020 to 137.0 from 139.9 in October 2020 and 194.8 in November 2019 (down 30 percent in past year). The monthly TPI report from petroleum economist Karr Ingham added, “Improvements in prices and rig count will eventually – and hopefully sooner rather than later […]
Halliburton reports first electric-powered fracturing operation in Permian
In its quarterly announcement of results for 2020Q4, Houston-based Halliburton said this week that it successfully deployed the industry’s first electric-powered fracturing operation for Cimarex Energy in Permian Basin. Halliburton has completed more than 300 stages across multiple wells using utility-powered electric frac pumps that demonstrated “consistent superior performance.” Halliburton said its electric-powered equipment is […]
EPA approves Texas request to administer NPDES oil, gas discharges
WaterWorld and E&E News EnergyWire reported that U.S. Environmental Protection Agency approved Texas’ request to administer the National Pollutant Discharge Elimination System (NPDES) within the state and regulate discharges of produced water, hydrostatic test water, and oil and gas discharges. Texas Commission on Environmental Quality (TCEQ) will assume permitting authority for the discharges of oil […]
Rystad: Flaring in Permian Basin in 2020Q4 lowest in modern shale era
Oslo-based research firm Rystad Energy said Jan. 14 that the share of gross natural gas output that is flared at the wellhead in Permian Basin plummeted to a modern shale-era record low in 2020Q4. Rystad said preliminary data show 1.6 percent of Permian gas production was flared in 2020Q4. The absolute amount of flared gas […]
In with the New
Happy New Year! I am certainly glad 2020 is in the rear-view mirror. I only wish this COVID-19 (Corona virus) was in the rear-view mirror as well. So, greetings and salutations. To say that 2020 was a strange and tough year is like calling Moby Dick a guppy. If you are reading this, I hope […]
Going with the Flow
The iconic pump jack, emblazoned on hats, jackets, signs, and the hearts of oil and gas people everywhere, is alive and well. No one thinks it’s going anywhere any time soon, because it does still have much work to do. But underneath the surface, some cracks are appearing in its once ubiquitous and seamless armor. […]
Frank Late, Paul Morris, Fred Newman named to Petroleum Hall of Fame
Three new members will be added to the Petroleum Hall of Fame April 29 at Bush Convention Center in Midland. They are Frank M. Late, a native of Arkansas and automobile dealer who launched his oil and gas career in 1944 with the beginning of Cactus Drilling; Paul L. Morris, a native of West Virginia […]
Rig counts, active fracturing units continue trend of small gains in 2021
The trend of increasing counts of active oil and gas drilling rigs continued in first week of 2021. Houston-based oilfield services firm Baker Hughes said as of Jan. 8 U.S. count rose 9 to 360 rigs, Permian added 4 rigs in past week to reach 179, Texas count remained unchanged with 161 rigs, and New […]
Strengths of Texas LNG Brownsville include “access to Permian feed gas”
Port of Brownsville said Jan. 5 it reached long-term lease agreement with Texas LNG Brownsville to secure the Texas LNG export project site for up to 50 years. The port’s announcement said, “The lease agreement is an important milestone bringing the FERC-permitted project closer to a final investment decision while also confirming to LNG buyers […]
- « Previous Page
- 1
- …
- 224
- 225
- 226
- 227
- 228
- …
- 369
- Next Page »