A recent report from International Energy Agency said the U.S. briefly surpassed Saudi Arabia in June to become the No. 1 exporter of crude oil as record shale production reaches global markets. U.S. shipped almost 9 million barrels a day of crude and oil products in June to rank ahead of Saudia Arabia. And Bloomberg […]
U.S. rig count lowest in more than 2 years, Permian down 8 in past week
U.S. oil and gas operators dropped 12 more drilling rigs in the past week, according to the Sept. 13 report from Baker Hughes, for a new total of 886 rigs – the lowest total since May 2017. The count is down 169 units from 1,055 active rigs a year ago. Texas lost 8 rigs in […]
EVX Midstream builds ‘largest produced water system’ in Eagle Ford
Houston-based pipeline operator EVX Midstream Partners said last week it has completed the first phase of construction for what it says will be the largest produced water gathering system in Eagle Ford in south Texas. EVX owns and operates 26 saltwater disposal wells in Eagle Ford that are permitted to inject up to 600,000 barrels […]
WTGS to conduct fall symposium Sept. 25-26 in Midland
West Texas Geological Society will conduct its 31st annual fall symposium next week in Midland. Scott Tinker, director of Bureau of Economic Geology at University of Texas, will open the two-day symposium Sept. 25 with the keynote address, “West Texas: Global Impact, National Ignorance.” Other speakers include officials from University of Oklahoma, Texas Tech and […]
Permian counties Eddy, Lea lead New Mexico in construction job growth
The oil- and gas-producing counties of Eddy and Lea in Permian Basin lead New Mexico in construction job growth. The Santa Fe New Mexican said Eddy County led the state with 610 new construction jobs in 2019Q1 (an increase of 24.9 percent), according to statistics from the state’s Department of Workforce Solutions. And neighboring Lea […]
Road Safety
Welcome! I hope this August finds you happy and safe! Today I am going to broach the subject of the most dangerous and deadly part of our industry… Driving. I fully understand that the 40 hours of documented training that we received at the mature age of 16 to 18 years of age fully qualifies […]
Lease Prices, Demystified
In recent months some record dollar amounts have been paid for leases in the Permian Basin. In 2018 a Santa Fe firm that places bids for anonymous investors bid more than $95,000 per acre for a tract of U.S. government land on the New Mexico side of the Basin. That number was a record high […]
On the Front End
In this month’s roundup of news and views, we share some firsts and foremosts. The Basin is a fertile ground for superlatives and precedent-setters. 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 September 2019 issue. Longest Lateral […]
Rystad Energy: methane emissions reach record high in second quarter
A study by Norwegian research firm Rystad Energy says methane emissions in Permian Basin likely hit a record high in 2019Q2 after a small decline earlier this year. The report estimates that the volumes of methane from natural gas burned or vented into the atmosphere averaged 663 million cubic feet per day in 2019Q2 – […]
U.S. drilling rig count falls below 900 for first time since 2017 to 898
The U.S. count of active oil and gas drilling rigs fell below 900 for the first time since 2017. Baker Hughes reported that as of Sept. 6 there were 898 rigs in the U.S. – down 6 rigs from 904 a week ago and down 150 rigs (14 percent) from 1,048 a year ago. There […]
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