Population growth created by the first ten years of oil production in the Permian Basin was remarkable. Once the Big Lake field began to develop, a veritable deluge of oil men poured into the Permian Basin. As it turned out, during the mid to late 1920s, that vast lightly inhabited region with no known oil […]
ExxonMobil reduces capex; ‘largest share of reduction in Permian Basin’
Irving-based ExxonMobil said April 7 it expects capital expenses for 2020 to be $23 billion – down about 30 percent from previously announced $33 billion. Exxon said, “The largest share of the capital spending reduction will be in the Permian Basin, where short-cycle investments can be more readily adjusted to respond to market conditions while […]
Falling rig count: Down 9.97% in Permian, 10.7% in Texas, 9.3% in U.S.
Baker Hughes’ count of active drilling rigs in U.S. declined by 62 rigs in the past week (9.3 percent) to 602 as of April 9. That’s the lowest since there were 597 rigs in December 2016 (664 a week ago, 1,022 a year ago, 1,083 to start 2019). Also in the past week, Permian Basin’s […]
Double Eagle, Parsley, Concho file drilling permits in Midland County
About 40 oil and gas companies filed 110 drilling permits with Railroad Commission of Texas in the first week of April, according to Houston Chronicle, the state’s lowest weekly total of the year. Almost 20 percent of the permits were for drilling in Midland County. Double Eagle Development of Fort Worth filed 10 permits for […]
ExxonMobil conducts methane field trials in Permian Basin
Irving-based ExxonMobil said April 9 it is conducting field trials at nearly 1,000 sites in Permian Basin of eight emerging methane detection technologies, including satellite and aerial surveillance, to further reduce methane emissions. The tests in Texas and New Mexico are evaluating effectiveness and scalability of next-generation detection technologies, including drones, planes, helicopters, and ground-based […]
Double E gas pipeline receives favorable assessment from FERC
Double E pipeline, designed to deliver natural gas from northern Delaware Basin to Waha hub in west Texas, recently received a favorable environmental assessment from Federal Energy Regulatory Commission. FERC said the project will not significantly affect the human environment. The 135-mile pipeline is jointly owned by subsidiaries of Summit Midstream Partners (70 percent) and […]
Commission hearing includes Diamondback’s “stunning” announcement
More than 20,000 people from 86 countries and 49 states watched Tuesday’s proration hearing conducted by Railroad Commission of Texas. Fifty-five people testified during the 10-hour hearing on the contentious proposal to limit production and address falling crude oil prices amid global oversupply, increasing financial losses and the demand-killing coronavirus. One of the biggest Texas […]
Riding the Wave
With the proliferation of hydraulic fracturing since around 2010, the good news is that oil and gas production have exploded, reaching never-before-seen levels and practically eliminating net imports. The challenge, however is that fracturing requires millions of barrels of water—fresh or recycled—and also produces millions of barrels of water that must be reused or returned […]
Going with the Flow
MIDLAND, TEXAS—When a United States senator makes a call to deliver a keynote, you know your conference’s subject matter is striking a chord. Sen. John Cornyn (R-Texas) helped get the Permian Basin Water in Energy Conference (PBWIEC) off to a good start with his remarks at the dinner and reception held on Wednesday evening, Feb. […]
TCEQ issues permit for construction of LNG terminal in Brownsville
Texas Commission on Environmental Quality issued an air quality permit during an online meeting Wednesday for construction of the $4.5 billion Annova LNG export terminal at Port of Brownsville. Federal officials had issued a permit in November 2019. Annova LNG is designed for capacity of 6.5 million tonnes per year and will cater to mid-scale […]
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