Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum, and Canadian clean energy company Carbon Engineering said Tuesday they will jointly proceed with engineering and design of the world’s largest direct air capture and sequestration facility to be located in the Permian Basin. The companies are developing a facility designed to capture 500 kilotonnes of […]
Spillover
Last month’s issue was called our “Water Issue” (see photo), so we can’t slap that label on this issue, or this coverage, anyway. We’ll just call this “Overflow.” It’s some additional insights we weren’t able to squeeze into the April issue. By Jesse Mullins Some isolated, maybe random, observations about H2O and the tidal […]
Permian water conference donates $100,000 to UTPB
The Permian Basin Water in Energy Conference recently donated $100,000 to University of Texas Permian Basin after its second annual conference. The conference advisory board said the gift may be used to advance the UTPB mission. Dr. Sandra Woodley, UTPB president, said, “We at UT Permian Basin understand the value of water in our region […]
2019 slump in drilling rig count continues in U.S., Permian Basin
The count of active oil and gas drilling rigs has declined five straight weeks in the U.S. and four straight weeks in the Permian Basin as of May 10 as the 2019 slump for activity continues, according to Baker Hughes. The count was 988 (fewest since March 2018) in the U.S. – the third straight […]
Barnett Shale: No horizontal well permits filed since April 9
The Houston Chronicle said this week there have been no filings to the state for horizontal drilling permits in more than a month in the Barnett Shale in north Texas, the so-called “birthplace of the shale revolution.” The Chronicle said May 13 that Fort Worth-based TEP Barnett USA was the last company to seek a […]
Spur Energy, KKR to acquire Permian northwest shelf assets
Houston-based startup Spur Energy Partners and investment firm KKR said Tuesday they formed a partnership to acquire Permian northwest shelf assets of Houston-based Percussion Petroleum and other assets across the lower 48 states. The acquisition includes interests in 380 gross producing wells and 22,000 net acres in the Yeso formation in Eddy and Lea counties […]
Mechanically Adept
By Paul Wiseman With more accurate computer modeling for drill sites connected to long lead times (6-12 months) for procurement of large equipment like gas compressors, long-term planning is both possible and necessary. That plus the emergence of gas lift compression as a preferred artificial lift solution has made compression services companies like CSI Compressco […]
DOE issues approval for Sempra LNG export facility in Port Arthur
The U.S. Department of Energy issued approval May 2 for Sempra Energy’s proposed installation at Port Arthur in Jefferson County to export LNG to countries that do not have a free trade agreement with the U.S. San Diego-based Sempra received permission to export as much as 1.91 Bcfd of domestically produced LNG to non-FTA countries […]
Chevron completes purchase of Pasadena Refining System
Chevron USA completed its purchase from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System, including a refinery in Pasadena, and PRSI Trading for $350 million. The Pasadena complex of 466 acres includes a refinery of 110,000 b/d, 5.1 million barrels of oil and products storage capacity, marine terminal and logistics […]
U.S. marks 13 consecutive months as net exporter of natural gas
The U.S. Energy Information Administration said May 1 that February marked 13 consecutive months for the nation’s natural gas exports to exceed imports. The U.S. exports natural gas by pipeline to Canada and Mexico and increasingly exports LNG to several other countries. Exports to Canada tend to be seasonal to be used as heating fuel, […]
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