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.  […]

Houston-based Targa Resources said last week it reached new long-term agreements with subsidiaries of ExxonMobil for midstream and downstream services in Permian Basin.  In Delaware Basin the agreement adds significant new acreage dedications for integrated fee-based services, including gathering, processing, treating, NGL transportation and fractionation through 2046.  And in Midland Basin, the agreement adds new […]

Texas Pacific Water Resources, subsidiary of Texas Pacific Land Corp., held ribbon-cutting ceremony last week for a new treatment facility near Orla in Reeves County.  It’s designed to treat up to 10,000 barrels or 420,000 gallons of produced water a day.  A day later, Aug. 11, Senate natural resources committee chaired by Kevin Sparks (R-Midland) […]

Christi Craddick of Midland this week was elected chair of the Railroad Commission of Texas to succeed Jim Wright.  A member of the commission since 2012, Craddick will lead the commission that oversees the state’s oil and natural gas industry, pipeline safety, natural gas utilities, energy infrastructure, and surface coal and uranium mining. After her […]

The first group of oil and gas inspectors from Railroad Commission of Texas recently attended a four-day course in Lubbock in the commission’s new partnership with Texas Tech  to enhance professional development of inspectors.  The course at Tech’s Department of Petroleum Engineering is designed specifically for oil and gas inspectors. Marshall Watson, department chair, told […]

Houston-based Battalion Oil said last week it completed preparations for a drilling program, including up to 8 wells at Monument Draw in Ward County.  Execution is scheduled to begin with a four-well pad.  Targets are distributed across Third Bone Spring and Wolfcamp A and B.  Battalion will remain the operator, retain a majority interest, and […]