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 […]
Baker Hughes, 2 others form partnership to develop AI for energy industry
Houston-based oilfield services company Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3:ai last week said they have agreed to partner to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure, a leading cloud computing platform. Baker Hughes’ announcement said the alliance “will enable customers to streamline the adoption […]
Crude oil production to grow in Permian to 4.727 million b/d in December
Production of crude oil in Permian Basin is expected to grow another 57,000 barrels per day in December, according to the U.S. Energy Information Administration, to reach 4.727 million b/d while other regions contract. Seven major producing regions will grow by a total of 49,000 barrels per day in December to 9.133 million b/d. Natural […]
Shell files for well permits on University Lands in Winkler County
European oil major Royal Dutch Shell recently filed for six horizontal drilling permits in Permian Basin with the Railroad Commission of Texas, including three on leases in Winkler County managed by state-owned mineral rights company University Lands. Royalties from those three wells will benefit the University of Texas and Texas A&M University systems from the […]
HollyFrontier to build new renewable diesel plant in Artesia, N.M.
Dallas-based HollyFrontier said Nov. 18 it will build a renewable diesel unit at its Navajo refinery in Artesia, N.M. The new RDU will have production capacity of about 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable feedstocks into renewable fuel. With accompanying rail infrastructure and storage tanks, according […]
More than half of nation’s rigs drilling in Permian Basin
For the fifth straight week, Permian Basin is home of more than half of the nation’s active oil and gas drilling rigs. Baker Hughes said as of Nov. 22 there were 406 rigs in Texas (408 previous week, 493 previous year) and 803 rigs in U.S. (806 previous week, 1,079 previous year). New Mexico continues […]
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