Texas and all other major oil- and gas-producing states posted declines in rig counts for the week that ended April 18, according to Baker Hughes. Texas’ count was down 2 in the past week to 500 rigs (509 a year ago), and the U.S. count was down 10 to 1,012 rigs (1,013 a year ago). […]
Apache temporarily defers Alpine High gas production in Permian
Houston-based Apache Corp. said April 23 it initiated natural gas production volume deferrals from its Alpine High play in late March “in response to extremely low prices at Waha hub.” Current deferrals represent about 250 MMcfd of gross gas production. John J. Christmann IV, CEO and president, said, “As far back as two years ago […]
Surge Energy subsidiary Moss Creek drills longest lateral in Permian
Moss Creek Resources, subsidiary of Houston-based Surge Energy US Holdings, said last week it drilled the longest known lateral in the Permian Basin based on IHS and Drillinginfo databases. Medusa Unit C 28-09 3AH was successfully drilled to a total measured depth in Wolfcamp A of 24,592 feet (total vertical depth of 7,102 feet; horizontal […]
Occidental follows Chevron with another proposal for Anadarko
Houston-based Occidental Petroleum said Wednesday it is making “a superior proposal” of $76 per share to acquire Anadarko Petroleum compared to Chevron’s recent proposal of $65 per share. “Occidental’s proposal represents a premium of approximately 20 percent to the value of Anadarko’s pending transaction,” the company said. Oil & Gas Journal said the proposed transaction […]
Haynesville produces record levels of natural gas in April
The U.S. Department of Energy said a resurgence in activity has sent natural gas production in Haynesville in east Texas and Louisiana to record levels. Haynesville was producing a record high of 10.5 billion cubic feet of natural gas per day earlier this month to surpass the 2011 peak of 10.4 billion cubic feet per […]
Concho, Frontier agree to joint venture in northern Midland Basin
Midland-based Concho Resources and Tulsa-based Frontier Midstream Solutions said last week they formed a joint venture, Beta Crude Connector, to build and provide crude oil gathering, transportation and storage in northern Midland Basin. Frontier will be operator with initial flows scheduled mid-2019. The new system will be comprised of 100-mile gathering system, 250,000 barrels of […]
Cogent Midstream to construct pipeline from Big Lake plant to GCX
Dallas-based Cogent Midstream said this week it will construct a 25-mile pipeline to deliver residue gas from its Big Lake natural gas processing complex in Reagan County to Kinder Morgan’s Gulf Coast Express pipeline. The 20-inch pipeline is expected to cross proposed Permian Highway and Whistler pipelines and begin service in 2019Q4. Capacity will be […]
Weir opens new service center in David Mims Business Park
Weir Oil and Gas, an international company that serves the upstream market, opened a $30 million service center in David Mims Business Park last week. The service center of 92,000 square feet combines Weir’s three Permian Basin facilities into one location for 150 employees. The new plant offers pressure pumping and pressure control assembly, repair […]
Danos to construct central tank battery in Midland
Gray, La.-based Danos said April 10 it has been awarded a contract to construct a central tank battery in Midland for an unnamed Texas-based independent exploration and production company. Danos’ Amelia Integrated Services will fabricate pipine and structural components that will be shipped to the installation site for assembly and construction. The three-month project will […]
Texas Petro Index climbs to 213.2; rig counts, production, employment up
Karr Ingham’s Texas Petro Index increased for the second consecutive month to 213.2 in February from 212.5 in January. The index had declined the two previous months from 213.3 in October to 212.4 in November and 212.2 in December. The index by Ingham, petroleum economist from Amarillo, is based on a comprehensive set of economic […]
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