In January 2007, President George W. Bush appointed Gen. David Petraeus to lead the multinational ground forces in Iraq. Petraeus immediately launched a plan to secure Baghdad, and one component of his war strategy was to recall Team Phoenix. Capt. Ann G. Fox, U.S. Marine and one of Petraeus’ original Phoenix recruits, had returned home […]
Freeport LNG Development ships commissioning cargo Sept. 3
Houston-based Freeport LNG Development on Tuesday shipped the first LNG from Train 1 of its liquefaction facility that started producing last month on Quintana Island. Freeport LNG said the commissioning cargo of about 150,000 cubic meters of LNG was loaded aboard the LNG Jurojin, which departed from the Freeport LNG terminal. Michael Smith, chairman and […]
Record production in New Mexico leads to need for more infrastructure
A new study commissioned by the New Mexico Oil and Gas Association and the American Petroleum Institute says the state’s oil and gas industry is expected to continue to grow at a record pace, but billions of dollars of investments in new infrastructure will be needed to get the commodities to market. The report was […]
Wyoming firm partners with Wilson Farms, Antelope on water projects
Wyoming-based Encore Green Environmental, an agriculture company seeking to pair the oil and gas industry with the agriculture industry to reuse produced water, last month reached agreements with Cody Wilson Farms of Midkiff and Antelope Water Management of Austin. The agreements were announced by Marvin Nash, general manager of Encore, during last month’s conference of […]
Reeves County adds 2 rigs in past week, leads Permian Basin with 58
Reeves County regained sole leadership of the count of active oil and gas drilling rigs in Permian Basin as of Aug. 30, according to Baker Hughes. Two rigs were added in the past week to increase Reeves’ total to 58 to edge Lea, N.M., with 55 (down 1 in last week). Other basin leaders include […]
Concho Resources sells New Mexico shelf assets for $925 million to Spur
Midland-based Concho Resources said Tuesday it has agreed to sell assets in New Mexico shelf to an affiliate of Houston startup Spur Energy Partners for $925 million. The assets include 100,000 gross acres (70,000 net) with current production of 25,000 boed and 2,500 operated wells (35 percent of Concho’s operated wells). Tim Leach, chairman and […]
NuStar Energy completes three projects, including WTI pipeline to Corpus
San Antonio-based NuStar Energy said Wednesday it has completed three pipeline projects to expand its capacity to move Permian Basin crude oil to Corpus Christi for export and to move refined products to northern Mexico. NuStar completed the second stage of its WTI export project, a new eight-mile, 30-inch pipeline to transport crude oil from […]
Line in the Sand
Basin frac sand mines may face a shakeout in the last quarter of 2019. By Paul Wiseman The oil and gas economy is always compared to a roller coaster ride, but nowhere in the sector has the ride been crazier over the last decade than in frac sand. Until the early 2000s, frac sand mining […]
Kinder Morgan invests $170 million in Houston ship channel projects
Houston-based pipeline operator Kinder Morgan announced Aug. 14 a series of projects valued at $170 million at its terminals in Pasadena and Galena Park on the Houston ship channel. The projects include $125 million to boost pipeline connections and increase loading rates at the Pasadena terminal and nearby Jefferson Street truck rack and $45 million […]
Freeport LNG begins production from Train I, exports to begin
Houston-based Freeport LNG Development said Aug. 20 it has started producing LNG from Train 1 at Quintana Island. McDermott International and engineering and construction partners Chiyoda International and Zachry Group said longterm contractual deliveries will begin next month after commissioning cargoes are exported. Trains 2 and 3 remain on schedule to begin operations in 2019Q4 […]
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