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 […]
Mexico begins construction of oil refinery in Paraiso
Mexico is beginning construction of an $8 billion oil refinery as President Andres Manuel Lopez Obrador calls for the nation to become self-sufficient in energy production. Sunday in Paraiso, Tabasco, where the refinery will be built, he said Mexico “depends too much on buying foreign gasoline.” According to Bloomberg, the president said the refinery will […]
Enterprise to extend Baymark ethylene pipeline system in south Texas
Houston-based Enterprise Products Partners said May 28 it is extending its ethylene pipeline and logistics system further into south Texas. The Baymark ethylene pipeline will originate in Bayport in southeast Harris County and extend about 90 miles to Markham in Matagorda County. The pipeline is supported by longterm commitments and is scheduled to begin service […]
Discovery to drill 10 horizontal wells in Reagan County targeting Spraberry
Denver-based Discovery Natural Resources applied to Railroad Commission of Texas to drill 10 horizontal wells in Reagan County targeting Spraberry field to a total depth of 8,500 feet. Houston Chronicle said the drilling project is in the company’s Bullhead lease about 10 miles northeast of Big Lake. Discovery produced 3.8 million barrels of oil and […]
Sentinel Midstream files application for export facility for VLCCs
Dallas-based Sentinel Midstream said Monday it submitted a deepwater port license application with the U.S. Maritime Administration to construct and operate a crude oil export facility about 30 miles south of Freeport. Texas Gulflink will be capable of fully loading supertankers or VLCCs (very large crude carriers). Jeff Ballard of Sentinel said, “Texas Gulflink will […]
Altus Midstream opens gas processing plant in Permian Basin
Apache’s Altus Midstream said May 30 the first of three new cryogenic processing trains at Diamond complex in Alpine High is now processing rich natural gas and delivering NGLs and residue gas to sales. It’s the first of three units scheduled to begin operations in 2019 with aggregate nameplate capacity of 600 million cubic feet […]
That’s a Wrap
The macrocosmic reviews of the 2019 140-day session are replete with feel-good language: Cooperation Instead of Combativeness. An Aura of Kumbaya. Playing Nice. Mission Accomplished. The trio known as “the Big Three” vowed in the early going to address property taxes and school finance. Texas Gov. Greg Abbott, Lt. Gov. Dan Patrick, and Speaker of […]
Cudd Energy Services Announces Sweeney as Director of Well Intervention and Integrity
Sponsored Content: Cudd Energy Services named Gene Sweeney as Director of Well Intervention and Integrity. Sweeney will take on responsibilities for Cudd’s domestic snubbing, well control, and special services disciplines. Sweeney returns to Cudd after leading BP’s global well control team for the past seven years where he was responsible for strengthening BP’s well control […]
More Than Just Pipe Dreams
Market fluctuations are driving OCTG (Oil Country Tubular Goods) companies to diversify. By Paul Wiseman The Oil Patch roller coaster is real for the entire sector; but for companies that rely on steel as a raw material, global politics adds a whole new layer of variables. Such is the case for oil country tubular […]
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