California major Chevron filed for multiple drilling permits in Culberson and Midland counties in Permian Basin with Railroad Commission of Texas. Houston Chronicle said this week Chevron filed permits to develop 17 horizontal wells in Midland County in the Parks field on its GBG Danger Zone lease to 10,000 feet and another 4 horizontal wells […]
Accident Investigation
Greetings and salutations! Welcome to another fun edition in the land of safety. As I mentioned in the previous edition, this month I’m going to talk about Root Cause. Root cause analysis and its process is always one of the most fun topics in the oilfield, said no one ever. The first and most important […]
Chain Reaction
That screeching sound in the background is the brakes being slammed on drilling, at least for the short term. Rental companies feel the heat, whether they’re renting downhole tools, like Lucky Services’ Vice President of Operations Terry Goodwin, or surface machinery, like Gravity Vice President of Rental Solutions Chad Wolf. Both rely more on rentals […]
Drilling Deeper
It’s a New World In this month’s roundup of news and views, we share some headlines that, five years ago, few would have expected to see. But that is how much things have changed since the previous boom cycle. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions […]
New South Texas Rail Terminal planned in Matagorda County
Houston-based Lodestar Energy Group said recently that a 227-acre site near El Maton in Matagorda County has been chosen as location for a new rail terminal. The South Texas Rail Terminal will handle rail traffic from nearby fractionation and crude oil and natural gas storage facilities. Officials told commissioners of Matagorda County that construction on […]
Report: Optimized well design in Permian Basin would improve economics
New research by Deloitte, reported by Oil & Gas Journal, says shale operators in Permian Basin could generate capital efficiency gains of 23 percent if they fully optimized well designs. Combined with 19 percent gains possible in Eagle Ford in south Texas, Deloitte said that would represent a $24 billion capex savings opportunity for U.S. […]
Rig counts decline in Permian, Texas, New Mexico, U.S.
Declining counts of active oil and gas drilling rigs returned to Permian Basin, Texas, New Mexico and U.S. as of Oct. 25, according to Baker Hughes. The Houston-based oilfield services company said there are 417 rigs in Permian (422 previous week, 489 previous year), 418 rigs in Texas (423 previous week, 537 previous year), 110 […]
Chevron president says Permian not susceptible to “boom and bust” cycle
The president of Chevron-North America said Permian Basin won’t be susceptible to historic boom-and-bust cycles that have for decades occurred in the oil and gas industry. Speaking Tuesday at the Lone Star Energy Forum in Austin, Steve Green said, “We see a long, healthy pace of activity in the Permian and Texas for decades to […]
MDM Permian, FireDream Resources form alliance for Midland Basin wells
Addison-based MDM Permian said Oct. 11 it has formed an alliance with Frisco-based FireDream Resources to jointly develop up to 200 wells in the southern Midland Basin. MDM Permian is the prospect generator and operator for the agreement that begins with four wells in Irion County on the 160-acre Lindley lease from Canyon Sands at […]
What Sells, and Why: An Auction Primer
Via email, Ben Beasley, Director, Strategic Accounts (Ritchie Bros.) provided PB Oil and Gas Magazine with feedback, as follows. PB Oil and Gas: What are the top items, count-wise, being put up for auction in the Permian over the last six months, or since January, whichever way you have recent time frames calculated? How has […]
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