This has certainly been a difficult first half of 2020 for oil and gas producers in the Permian Basin. As a result of the Covid-19 pandemic, and the subsequent economic destruction that followed, those across the region have seen great economic challenges. However, economic volatility is not new in our industry and I am certain […]
Let the Sun Shine In
Historically, the word “environmental” in the oil patch has had the connotation of inconvenience, hassle, and extra cost. Today, several things are converging to change that narrative—ESG has made it more necessary and technology has made it more user-friendly. A case in point for the user-friendly side is the category of portable solar power for […]
Producers race to file permits on federal acreage before election
Reuters reported last week that producers in U.S. shale fields are stockpiling drilling permits on federal land ahead of the presidential election Nov. 3 “concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity.” Federal permitting in Permian Basin was up 80 percent in the last three months […]
Texas Petro Index declines to 154.5 in July for 17th consecutive month
Texas Petro Index from petroleum economist Karr Ingham declined in July for the 17th consecutive month to 154.5 despite the fact that crude oil prices have rebounded from low prices in April. The index (base 100.0 January 1995) is down from a revised 159.2 in June and down nearly 25 percent in the past year […]
Rig count declines resume; 124 in Permian Basin, 105 in Texas, 254 in U.S.
After a brief rally, rig counts in Permian Basin, Texas, New Mexico and U.S. have resumed declines, according to Baker Hughes. As of Sept. 11, there were 124 rigs in Permian Basin (125 week ago, 419 year ago), 105 rigs in Texas (106 week ago, 430 year ago), 46 rigs in New Mexico (47 week […]
Northern Oil & Gas makes first acquisition in Delaware Basin
Minneapolis-based Northern Oil & Gas last week said it made its first acquisition in Delaware Basin. Northern acquired assets in Lea County from an undisclosed seller, including 66 net acres with 1.1 initial net wells proposed. The proposed wells are expected to be spud in late 2020 or early 2021. Total acquisition costs plus initial […]
XTO Energy withdraws applications for permits in Eddy County
ExxonMobil subsidiary XTO Energy said last week it withdrew its applications for permits to construct and operate natural gas facilities in Eddy County of Permian Basin in southeastern New Mexico. The applications were for facilities to be known as Husky Gas Plant and Central Delivery Point with capacity of 1.5 billion cfd of natural gas, […]
Risk
From the inception of the oilfield, risk has been a part of the business. Most everyone agrees that the first oil well in the world was drilled by Colonel Edwin Drake in Pennsylvania in 1859, a whopping 21 meters in depth, which equals 68’ 10”. However, that is not the case—at least that well was […]
Reducing Water Transfer Costs at Remote Fracking Sites with Open Secure Automation
Fracking uses highly pressurized water, mud and sand to fracture shale until it releases the oil or gas trapped within its layers. Ensuring a continuous supply of the millions of gallons of water needed for this operation is a logistical challenge that is vital to wellsite cost control and profitability. Meeting this challenge has been […]
There’s Green in “Clean”
With ESG becoming the new EBITDA in the eyes of stockholders and investors, environmental companies—as the “E” in ESG—are finding more interest in their services. That’s helping them somewhat in weathering what is becoming the “Year of the Black Swan,” 2020. Others are combining that with creative ways to leverage accumulated data to improve services […]
- « Previous Page
- 1
- …
- 234
- 235
- 236
- 237
- 238
- …
- 363
- Next Page »