Houston-based Altus Midstream said July 31 it has closed on a transaction to acquire 33 percent equity interest in the subsidiary of Enterprise Products Partners that owns Shin Oak NGL pipeline. The 658-mile pipeline, placed into service in February, transports NGL production from Permian Basin and other plays to Enterprise’s NGL fractionation and storage comlex […]
Concho Resources, Solaris Water form joint venture for produced water
Midland-based Concho Resources and Houston-based Solaris Water Midstream said July 31 they are forming a joint venture for produced water management in northern Delaware Basin. Concho is contributing 13 saltwater disposal wells and 40 miles of produced water gathering pipeline, and Solaris is contributing cash and an equity ownership in its parent company. Solaris will […]
Basic Energy Services starts subsidiary to transport, dispose of wastewater
Fort Worth-based Basic Energy Services said Aug. 1 it is launching a subsidiary to transport and dispose of oilfield wastewater in Pemian Basin and other shale plays. Monroe Patterson, CEO, said Agua Libre Midstream will receive assets of Basic’s water services division, including 86 saltwater disposal wells along with wastewater pipelines across the U.S. Analyst […]
Grand Prix NGL pipeline by Targa starts full operations
Houston-based Targa Resources said last week it commenced full operations of its $1.4 billion Grand Prix NGL pipeline from Permian Basin to Mont Belvieu. Targa reported Aug. 8 initial flows of 150,000 to 170,000 barrels per day and added, “Our expectation is for volumes to increase to approximately 200,000 barrels per day in September, then […]
Innovators
Wells and technology both get more complex. Companies are applying their best minds, and best thinking, to the task of staying up with the changes. By Paul Wiseman “Sometimes I think—me personally, or WellWorx or the industry—that we’ll run out of ways to innovate or we’ll run out of good ideas,” said Matt Raglin, founder […]
Permian Basin, Texas lead rig count; Oklahoma “hit hard by slump”
Texas remains the U.S. leader in count of active drilling rigs with 455 (454 previous week, 524 previous year), and New Mexico increased its lead over Oklahoma as No. 2. As of Aug. 2, according to Houston-based Baker Hughes, there were 107 rigs in New Mexico (109 previous week, 102 previous year) and 88 in […]
Denver’s Felix Energy files permits for 21 wells in Loving County
According to permits filed with the Railroad Commission of Texas, Denver-based Felix Energy plans to drill 21 horizontal wells on its Smoking Joe lease in Loving County, the Houston Chronicle reported earlier this week. The wells include 16 targeting the Phantom field of the Wolfcamp formation and 5 targeting the Two Georges formation of Bone […]
Top driller ExxonMobil files permits for 45 new wells in west Texas
ExxonMobil, the top driller in Texas as measured by permits, is preparing to drill at least 45 new oil wells in west Texas, The Houston Chronicle said earlier this week ExxonMobil filed 53 drilling permits in the past week with the Railroad Commission of Texas, including 45 in west Texas. Shale drilling subsidiary XTO Energy […]
ONEOK to expand West Texas LPG pipeline in Delaware, Midland basins
Tulsa-based ONEOK said last month it plans to expand its West Texas LPG pipeline in Permian Basin. ONEOK said it will spend $145 million to develop an additional 40,000 barrels per day of capacity by 2021Q1. Since October 2017 ONEOK has announced expansions totaling 160,000 b/d on the West Texas LPG pipeline system. Terry K. […]
Permian Pass will be Kinder Morgan’s third major natural gas pipeline
In a call with investors last month, Houston-based pipeline operator Kinder Morgan said it will route Permian Pass, its newest natural gas pipeline, from west Texas to southeast Texas, in support of the liquefied natural gas industry on the Gulf Coast. The exact route is being determined. Permian Pass will be the company’s third project […]
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