Here’s how Schlumberger’s Glossary defines a “fish”: Anything left in a wellbore. It does not matter whether the fish consists of junk metal, a hand tool, a length of drill pipe or drill collars, or an expensive MWD and directional drilling package. Once the component is lost, it is properly referred to as simply “the […]
Rig counts resume decline in Permian Basin, Texas, U.S.
Rig counts resumed their declines for the week that ended June 7 in Permian Basin, Texas and U.S., according to Baker Hughes. In the past week, Texas lost 7 rigs for a new total of 473 (538 a year ago), U.S. lost 9 rigs for a new total of 975 (1,062 a year ago), and […]
Danos secures contracts to support water transfer, build saltwater facilities
Danos, oilfield service provider based in Gray, La., said May 29 it has two new contracts to provide about 50 crew members for support of water transfer at treatment facilities in Midland and Orla for a Dallas-based land company and to construct two saltwater disposal facilities in Delaware Basin near Carlsbad, N.M., for a Texas-based […]
Rystad Energy says natural gas flaring in Permian Basin sets record
Flaring and venting of natural gas in Permian Basin reached an all-time high in 2019Q1, according to research by Rystad Energy. The firm said Permian gas flaring averaged 661 MMcfd in 2019Q1. Oil & Gas Journal said, “This widespread waste of a valuable commodity is the result of persistent infrastructure challenges, a lack of enough […]
Wood Mckenzie says Corpus Christi will become U.S. oil export leader
Global energy research firm Wood Mackenzie said the Port of Corpus Christi will surpass the Port of Houston as the nation’s top crude oil exporter within 10 years. Wood Mckenzie said major investments in shipping facilities and pipeline projects will route more than two million barrels of crude oil per day from Permian Basin to […]
Gulf Coast becomes net exporter of crude oil as imports decline
The U.S. Energy Information Administration said oil imports for the Gulf Coast reached their lowest level in more than 30 years in March as production from Permian Basin and other shale fields continues to rise. Imports averaged 1.8 million barrels a day in March – a decline of more than 70 percent since 2007. The […]
Phillips 66, Plains joint venture will construct Red Oak pipeline for crude
Phillips 66 and Plains All American Pipeline said June 10 their joint venture will proceed with construction of $2.5 billion Red Oak pipeline to transport crude oil from storage terminals in Permian Basin and Cushing, Okla., to Beaumont, Corpus Christi, Houston and Ingleside. Initial service is expected to begin in 2021Q1. Red Oak will lease […]
Marathon joint venture to proceed with Whistler pipeline for gas
A joint venture of Marathon Petroleum subsidiary MPLX and three other companies said June 5 it will proceed with design and construction of Whistler pipeline to transport natural gas from Permian Basin to Texas Gulf Coast. Other partners are WhiteWater Midstream of Austin, Stonepeak Infrastructure Partners and West Texas Gas of Midland. Whistler will transport […]
Plains, Delek joint venture to expand capacity of Red River pipeline
Houston-based Plains All American Pipeline said May 28 it launched a new joint venture with Tennessee refining company Delek US to boost capacity of its 350-mile Red River pipeline in northeast Texas and Oklahoma. Delek purchased a 33 percent interest in Red River for $128 million; Plains will continue to operate the Red River system. […]
Permian Basin, U.S. each add rig to reverse weeks of declines
Permian Basin and U.S. each reversed weeks of declining oil and gas rig counts by adding a rig for the week ending May 31, according to Baker Hughes. Permian Basin has 452 rigs (451 the previous week, 477 a year ago), and U.S. has 984 rigs (983 previous week, 1,060 year ago). The counts had […]
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