If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. This saying is better known as the Duck Test and the phase was coined by the Indiana poet James Whitcomb Riley in the 19th Century. Surely you have heard this expression and it immediately […]
Private Equity’s Pros and Cons
December 2, 2001, was a day of infamy for thousands of people. On that date Enron declared bankruptcy, trading at a paltry $.26 per share after topping the scales at more than $90 per share a few months earlier. That is also the time that Midland entrepreneur Tripp Wommack sees as the beginning of prime […]
Harvest Midstream starts construction on Ingleside pipeline, terminal
Houston-based Harvest Midstream, affiliate of Hilcorp Energy, said last month it started construction of the Ingleside pipeline and Harvest Midway terminal. The Ingleside pipeline is a new 24-mile pipeline (24 inches) that will originate from the Harvest Midway terminal and connect to multiple oil export terminals in the Ingleside area, including Flint Hills Resources and […]
Texas rig count declines for sixth straight week, Permian unchanged
Permian Basin held steady at 405 rigs in the latest count of active oil and gas drilling rigs from Baker Hughes. As of Nov. 27 there were 405 rigs in Texas (down 1 in previous week), 103 rigs in New Mexico (down 1 in previous week) and 802 rigs in U.S. (down 1 in previous […]
Kinder Morgan’s Ricketson to speak at CO2 conference in Midland
Darrell Ricketson, vice president and COO of Kinder Morgan EOR, will be a featured speaker next week during the annual CO2 Conference at the new Bush Convention Center in Midland. The conference Dec. 9-13 also will include a field trip to Kinder Morgan’s CO2 operations in Scurry County. Steve Melzer, conference director, told the Midland […]
Scurry County reports increased crude oil production, permits, completions
Crude oil production in Scurry County for 2019 is ahead of levels from 2018, according to Railroad Commission of Texas and Snyder Daily News. For the first eight months, Scurry County operators reported 10.26 million barrels compared to 10.16 million barrels for the same period in 2018. Permits and completions also are ahead of last […]
Gator Technologies expands downhole tool operations in Midland
Houston-based Gator Technologies said last week it expanded operations in Midland. The new facilities on West County Road 157 support the company’s bottom hole assembly tool rental, repair and manufacturing. Gator also opened new facilities in Broussard, La. Marc LeBlanc, president, said, “By operating from these strategic bases, we will reduce transportation costs and delivery […]
ExxonMobil: “Poised to become number one driller in Texas”
Tulsa-based Helmerich & Payne, Nabor Industries, a drilling rig operator headquartered in Bermuda with principal offices in Houston, and Calgary oilfield service company Ensign Energy Services currently are the top three drilling rig operators in Texas, according to Enverus and the Houston Chronicle. The Chronicle reported this week Helmerich & Payne operates 117 of the […]
Interim Conversation Starter
With the gavel set to fall in the Land of Enchantment, the Second Session of the 54th New Mexico Legislature brings with it several unknowns. However, one constant remains: the contribution of the oil and gas industry to the state budget. The New Mexico Legislature convenes in Santa Fe on the third Tuesday in January […]
Nothing Persists Except Change
In this month’s roundup of news and views, we share reports that remind us that this Basin is forever in a state of flux. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s December 2019 issue. Gator Expands […]
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