UK-based Carbon Clean and Midland-based BCCK have signed an agreement to provide Carbon Clean’s semi-modular CaptureX technology to customers across the U.S. Priority sectors include oil and gas production, gas processing, air separation, power generation, landfill gas, biogas and hydrogen. CaptureX is a cost-effective alternative to open-plant construction. The combination of BCCK’s experience in gas […]
Permian Basin contributes to Chevron’s record production in 3Q
San Ramon-based Chevron said its company’s net oil-equivalent production for third quarter increased 7 percent from last year as U.S. and Permian Basin production set quarterly records. U.S. net boed was up 198,000 barrels per day to 1.605 million boed in 2024Q3 from 1.407 million boed from 2023Q3. Chevron said the U.S. production record was […]
Oil production reaches records of 13.4 million b/d in U.S., 5.8 million b/d in Texas
U.S. Energy Information Agency said last week crude oil production in U.S. increased to a record 13.401 million barrels per day in August. That includes a record 5.818 million b/d in Texas – 1.7 percent above the previous month. And EIA said Oct. 31 production in New Mexico also was a record of 2.092 million […]
Permian People November 2024
The November edition of the hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Denver, Colo.-based SM Energy hired Beth McDonald, former Pioneer Natural Resources executive, as its new Executive Vice President and Chief Operating Officer, effective Sept. 9. McDonald has 23 years of experience […]
Civility in the Workplace
A couple of things come to mind as topics worth discussing this month. One is hiring foreign workers, and the other is the Presidential election. Starting with hiring foreign workers, I was initially grateful that what appeared to be well-educated migrants from Venezuela and Cuba had come to the Permian Basin to find jobs. There […]
CO2 Conference
A huge percentage of horizontal wells are non-commercial in 10-15 years. What do you do next to preserve your asset? Consider CO2 storage, EOR and produced water. When industrial sources capture their CO2 emissions, the emissions and excess water need a place to go. Depleted reservoirs like yours need a future. That’s a perfect marriage: […]
‘Undisputed energy leader’ Texas adds 1,700 upstream jobs in September
Texas Workforce Commission and Texas Oil and Gas Association recently said the oil and gas industry’s upstream sector grew by 1,700 jobs in September. There have been 14,300 upstream jobs added to date this year. Since its low point in September 2020 during the covid19 pandemic, the industry has added or recovered 53,700 upstream jobs […]
Rig counts continue to decline in Permian Basin, Texas
Permian Basin and Texas reported declining rig counts while U.S. and New Mexico reported stable counts in Baker Hughes’ weekly report of Nov. 1. There were 303 rigs in Permian Basin (down from 304 week ago and 310 year ago) and 281 in Texas (down from 283 week ago and 304 year ago). New Mexico […]
Alliance Resource Partners makes acquisitions of $10.5 million in Permian
Tulsa-based Alliance Resource Partners said last week it closed acquisitions of $10.5 million in Permian Basin in third quarter. Joseph W. Craft III, chairman, president and CEO, said Oct. 28, the company realized another solid quarter of year-over-year growth in its oil and gas royalties business. “We continue to reap the benefits of a minerals […]
ConocoPhillips’ record 3Q lower 48 production includes 781,000 boed in Permian
Houston-based ConocoPhillips said last week its record lower 48 production of 1,147,000 boed in third quarter included 781,000 boed from Permian Basin. Total company 3Q production was 1,917,000 boed. The lower 48 total also included 246,000 boed from Eagle Ford and 107,000 boed from Bakken. Ryan Lance, chairman and CEO, said Oct. 31, “ConocoPhillips continues […]
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