Denver-based Ovintiv and Center-based High Roller Wells filed permits with Railroad Commission of Texas for 6 wells each in Permian Basin last week. Houston Chronicle reported Ovintiv plans to drill 6 horizontal wells in Howard County targeting Spraberry to depths of 10,000 feet. And High Roller Wells plans to drill 6 injection wells in Winkler […]
Permian Basin leads growth in numbers of frac crews returning to work
Permian Basin is providing most of the growth in numbers of hydraulic fracturing crews returning to work in U.S. Houston investment bank Tudor Pickering Holt & Co. said the number of active frac crews grew by 6.8 percent in July to nearly 100 (more than 300 in July 2019). Permian Basin accounted for 10 of […]
Laredo to begin completions on 15 wells in Howard County in 2020Q4
Tulsa-based Laredo Petroleum said recently in its quarterly financial report that it will send a completions crew to Howard County in September to begin operations on 15 wells in 2020Q4. Well costs are expected to be $550 per lateral foot. Laredo expects the additional activity to improve production beginning in 2021Q1. Jason Pigott, president and […]
How the Workforce Shapes Up
What’s it like working in the environment of 2020 and possibly beyond? In 1972 the Rolling Stones issued an album called Exile on Main Street, with a song called “Ventilator Blues.” Its chorus varies, but the first time through it says: Ain’t nobody slowing down no way Everybody’s stepping on their accelerator Don’t matter where […]
Safety: Let’s Have a Meeting!
Greetings and salutations! It is my sincere hope that by the time this edition hits the press that the price of oil has crept back up and everyone has started ramping back up! Between the coronavirus, the quarantine, riots, and the Saudis and Russians seeing who can drop the prices the fastest, it has been […]
Keep Texas Moving seeks to improve transportation infrastructure
Keep Texas Moving, a coalition of Texas Association of Business aimed at promoting road improvements, visited west Texas Monday and called for continued investment in infrastructure. “Roads are not keeping pace,” Aaron Cox, TAB senior vice president, said. “Texas is adding over a thousand people and hundreds of vehicles a day. The increase in commercial […]
Permian operator Parsley Energy reactivated 2 drilling rigs in July
Austin-based Parsley Energy, independent focused on Permian Basin, said last week in its quarterly financial report that it reactivated 2 rigs and 2 hydraulic fracturing spreads in July. Parsley’s 2020Q4 plans include stabilized activity of 4 or 5 drilling rigs and 1 or 2 frac spreads. The company operated 15 development rigs and 5 frac […]
LNG terminals in Freeport, Corpus Christi most affected by exports decline
After a record high of 8.0 bcfd in January, U.S. exports of LNG fell to 3.1 bcfd in July, according to a report this week from U.S. Energy Information Administration. The most affected LNG terminals were Corpus Christi and Freeport in Texas and Sabine Pass in Louisiana. EIA estimated about 46 cargoes were canceled in […]
Rystad: U.S. horizontal drilling activity unlikely to recover this year
U.S. drilling rig count resumed its decline last week, falling by 4 rigs to 247 from 251 previous week and 934 previous year, according to Aug. 7 report from Baker Hughes. There were 122 rigs in Permian Basin (124 previous week, 444 previous year), 104 rigs in Texas (unchanged in previous week, 454 previous year) […]
Occidental to operate 1 drilling rig in Permian Basin remainder of 2020
Houston-based Occidental Petroleum said Monday in its quarterly financial report it plans to operate only 1 drilling rig in Permian Basin for the remainder of 2020 with plans to drill 12 to 20 wells compared to 118 wells during the first six months of 2020. Bloomberg said Oxy’s announcement illustrates “the scale of the shale […]
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