Houston-based Targa Resources last week announced three new natural gas processing plants in the Delaware Basin.  Wrangler, Ranger and Ranger II plants will add total capacity of about 825 million cubic feet per day and begin operating in first half of 2028.  Targa also said Aug. 17 it will construct a new 70-mile natural gas […]

Texas Independent Producers and Royalty Owners Association said last week employment in the state’s upstream sector declined by 1,200 jobs in July for the second straight month.  There was a decline of 300 jobs in oil and gas extraction to 62,800 and a decline of 900 service jobs to 133,000.  TIPRO said employment ended July […]

Gainesville-based Select Water Solutions said last week it contracted with a leading public operator for expanded comprehensive water management in Select’s northern Delaware Basin network.  The agreement includes recycling, disposal, and pipeline gathering and distribution.  Select will construct an additional 100 miles of pipelines, 3 million barrels of storage capacity, and 60,000 b/d of additional […]

U.S. Energy Information Administration said last week operators in Permian Basin “are getting more oil and gas out of the ground by drilling longer horizontal wells.”  And EIA said operators are increasingly drilling so-called “super lateral wells” that exceed 15,000 feet.  In the Permian, one of the world’s most prolific unconventional oil- and gas-producing regions, […]

Oklahoma City-based Continental Resources said last week it will acquire FireBird Energy II, which holds about 54,000 net acres in Midland Basin.  The deal adds oil-weighted production and development inventory adjacent to Continental’s existing operations and creates opportunities for efficiencies and long-term development planning. Doug Lawler, president and CEO, said Aug. 20 the assets are […]

Counts of drilling rigs in Permian Basin and Texas increased for the fourth straight week, according to the report of Aug. 21 from Baker Hughes.  Permian Basin reported 267 rigs – up 2 in past week and up 12 or 4.71 percent from 255 a year ago.  And Texas reported 281 rigs – up 4 […]

Houston-based APA Corp. recently forecast a small increase in U.S. oil production for fullyear 2026 and maintained U.S. capital expenses at $1.3 billion.  Oil production in Permian Basin – where APA controls 159,000 net acres in Delaware Basin and 287,000 net acres in Midland Basin – was flat at about 123,500 b/d to top estimates […]

Dallas-based Mora Energy recently announced two acquisitions to establish a natural gas gathering, compression and treating platform in Midland Basin.  Mora acquired Tejon Treating and Carbon Solutions from Bayswater Exploration and Production.  Tejon provides natural gas gathering, compression and sour gas treating in northeastern Midland Basin through its Mongoose gas plant.  And Mora acquired West […]

Fort Worth-based Brazos Midstream will construct a new plant, Cassidy II, at its complex in Glasscock County to add 300 million cfd of cryogenic natural gas processing.  The new plant near Garden City is expected to begin operating in summer 2027 and increase Brazos’ total processing capacity in Midland Basin to about 1.1 billion cfd.  […]