U.S. Department of Energy said May 28 it has authorized additional exports of domestically-produced natural gas from the Freeport LNG project on Quintana Island south of Houston. The DOE order said Freeport LNG can export the equivalent of 262.8 bcfd of gas from the terminal’s proposed Train 4 to countries not having a free trade […]

ExxonMobil and Saudi Arabia-based SABIC said June 13 they will proceed with construction of a chemical facility and a 1.8 million metric ton ethane stream cracker in San Patricio County. The $10 billion joint venture, called Gulf Coast Growth Venture, received final environmental regulatory approval from the state to build an ethane steam cracker, two […]

San Antonio-based Howard Energy Partners said June 13 it has completed expansions of bulk liquid terminal facilities in Corpus Christi and Port Arthur. Howard said completion of the two projects increases its Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to […]

Texas Petro Index from petroleum economist Karr Ingham declined slightly for the second consecutive month in April to 212.1 after 213.2 in February and 212.4 in March. Ingham’s index, based on a comprehensive set of industry indicators, started with a base of 100.0 in January 1995. A year ago April 2018 the index was 197.4. […]

Only one of the top 10 counties in Permian Basin added drilling rigs in the past week, according to Baker Hughes. As of June 14, leader Reeves County was down 1 in the past week to 64, Eddy, N.M., was down 1 to 54, Lea, N.M., was unchanged at 43, and Midland was down 1 […]

Natchez, Miss.-based Callon Petroleum said June 13 it closed on the previously announced sale of noncore assets in southern Midland Basin for $245 million to Sequitur Permian. Callon updated its full-year guidance from 39,500-41,500 boed to 38,000-39,500 boed after this sale and a previously announced acreage trade of producing properties in Midland County.

Mountain View, Calif.-based Kairos Aerospace has completed aerial scans for fugitive methane emissions in the New Mexico portion of the Permian Basin and expanded into west Texas. Steve Deiker, CEO and co-founder, told the Midland Reporter Telegram earlier this month that his company is using LeakSurveyor methane imager attached to airplanes flying over the region […]