Basin frac sand mines may face a shakeout in the last quarter of 2019. By Paul Wiseman The oil and gas economy is always compared to a roller coaster ride, but nowhere in the sector has the ride been crazier over the last decade than in frac sand. Until the early 2000s, frac sand mining […]
Kinder Morgan invests $170 million in Houston ship channel projects
Houston-based pipeline operator Kinder Morgan announced Aug. 14 a series of projects valued at $170 million at its terminals in Pasadena and Galena Park on the Houston ship channel. The projects include $125 million to boost pipeline connections and increase loading rates at the Pasadena terminal and nearby Jefferson Street truck rack and $45 million […]
Freeport LNG begins production from Train I, exports to begin
Houston-based Freeport LNG Development said Aug. 20 it has started producing LNG from Train 1 at Quintana Island. McDermott International and engineering and construction partners Chiyoda International and Zachry Group said longterm contractual deliveries will begin next month after commissioning cargoes are exported. Trains 2 and 3 remain on schedule to begin operations in 2019Q4 […]
Production to increase to 4.423 million b/d in Permian in September
Production of crude oil in the Permian Basin is forecast to grow to 4.423 million barrels a day in September – an increase of 75,000 b/d from 4.348 million b/d in August – according to the latest drilling productivity report from U.S. Energy Information Admnistration. Permian will provide 88 percent of September growth across the […]
Rig counts: 56 each in Reeves and Lea, 48 each in Midland and Eddy
Reeves in Texas and Lea in New Mexico, the leading counties in Permian Basin, each lost 1 rig in the previous week for new totals of 56 as of Aug. 23, according to the latest count of oil and gas drilling rigs by Baker Hughes. And Midland in Texas and Eddy in New Mexico also […]
Trafigura Trading begins shipments of crude from Permian on Cactus II
Global commodities trader Trafigura recently commenced shipments of crude oil from Permian Basin to Corpus Christi and Ingleside via the newly operational Cactus II pipeline. Trafigura Trading signed a longterm agreement last year with Plains All American Pipeline to transport 300,000 barrels a day on Cactus II, which has a capacity of 670,000 b/d. Deliveries […]
H2O Midstream acquires produced water assets in Howard County
Houston-based H2O Midstream said Aug. 21 it acquired produced water infrastructure in Howard County from Corpus Christi-based exploration and production company Sabalo Energy. H2O acquired 37 miles of oilfield water pipelines, 9 saltwater disposal wells and 4 permits to develop additional disposal sites. The Sabalo system already is connected to H2O Midstream’s water-gathering network, and […]
Construction begins on Permian Highway gas pipeline to Gulf Coast
Construction is beginning on Permian Highway, a $2 billion partnership of Houston-based Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream Processing. Kinder Morgan Texas is building for the partnership the 430-mile pipeline to transport natural gas from Waha in Pecos County to the Gulf Coast with access to multiple markets. It is scheduled to be […]
Telling Isn’t Training!
Welcome back to this month’s installment about everyone’s favorite topic of safety! I recently was reading a post that intrigued me on a social media. A person who was new to safety wanted to know what was the most prevalent cause of accidents in the oilfield and why. The question was broad and yet evoked […]
Texas Petro Index declines for fourth straight month as production grows
The Texas Petro Index by petroleum economist Karr Ingham declined for the fourth straight month. After starting 2019 at 212.5, the index grew to 213.2 in February but declined to 212.4 in March, 212.1 in April, 210.1 in May and 207.1 in June. From a base of 100 in January 1995, the index reached a […]
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