Texas led all states in drilling rig count decline for the third straight week as of June 21, according to Baker Hughes. There were 463 active rigs in Texas – down 4 from the previous week and down 70 from a year ago. There were 439 rigs in Permian Basin (441 previous week, 474 previous […]
Phillips 66 files permits to build offshore export facility on Texas coast
Oil refiner Phillips 66 reportedly has filed federal and state permits to build an offshore export facility about 27 miles east of Port Aransas. Reuters and Houston Chronicle reported the proposed deepwater crude export terminal last week. Reuters said Phillips’ Bluewater Texas terminal is being developed with Port of Corpus Christi. Dennis Nuss of Phillips […]
Weatherford opens new oilfield technology super center in Odessa
Weatherford International, which operates in more than 80 countries with 700 locations, opened a new oilfield technology super center in Odessa June 13. Eight of Weatherford’s service lines in the region now will operate from one building. Mark Swift, president of the company’s western hemisphere division, said, “If you’re going to be a major player […]
Breakwater launches midstream division to boost recycling in Permian Basin
Houston-based Breakwater Energy Partners said June 19 its new midstream division will enhance the company’s oilfield wastewater recycling in Permian Basin. The new division will build and operate pipelines and other equipment to move freshwater and wastewater to and from oil and gas operations in the Permian shale play. Breakwater’s water recycling segment, with capacity […]
DOE authorizes more exports from Freeport LNG on Texas coast
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 […]
Permian gives ExxonMobil, SABIC joint venture “feedstock advantages”
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 […]
Howard Energy completes expansions in Port Arthur, Corpus Christi
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 declines; production and employment are up
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. […]
Texas leads drilling rig count decline for second straight week
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 […]
Callon Petroleum completes sale of noncore assets in Midland Basin
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.
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