Fort Worth-based Baseline Energy Services LP recently opened a new facility to serve customers in the Uinta Basin. The center, situated in Roosevelt, Utah, is fully equipped to support that region’s mobile power generator fleet and will provide a full range of maintenance and repair services. To support Baseline’s mission, the new facility will be […]
Conventional Thinking, Efficiency Mindedness, Record-Breaking Outputs, and the “Value” of Political Prattle
Sentimental? No, not nearly. Exxon got the Pioneer deal done with the worst government requirements ever announced. It is now starting to reorganize its holdings. What that means is the legacy part of Pioneer, the conventional drilling that put them on the map appears to be going away. Exxon announced the pending sale of up […]
Kinder Morgan crews seal orphan well that ruptured Oct. 2 in Reeves County
Officials from Houston-based Kinder Morgan said its crews stopped an orphaned well that ruptured Oct. 2 in Reeves County five miles west of Toyah. Kinder Morgan told Houston Chronicle the geyser was stopped Oct. 14 and sealed Oct. 21; workers no longer are detecting emissions of the toxic gas hydrogen sulfide. The company plans to […]
Rig counts unchanged: Permian with 304, Texas with 283, U.S. with 585
Rig counts in U.S., Texas and Permian Basin remained flat in Baker Hughes’ weekly report of Oct. 25. There were 304 rigs in Permian Basin (313 year ago), 283 in Texas (311 year ago) and 585 in U.S. (625 year ago). New Mexico was one of only three major producing states to add a rig […]
Midland’s Imperative Chemical acquires Performance Chemical Co.
Midland-based Imperative Chemical Partners acquired Performance Chemical Co., another Midland company that provides specialty chemical solutions serving midstream and production operators in the oil and gas industry. The Imperative brand was formed in 2019 with the merger of three Midland-based chemical businesses. It has 40 locations with 900 employees in 10 states. Ryan Havens, CEO, […]
Matador raises 2024 guidance, plans to produce 200,000 boed in 2025
Dallas-based Matador Resources last week raised guidance for 2024 fullyear production by 6 percent and said it expects to produce more than 200,000 boed in 2025. In third quarter Matador closed its acquisition of Ameredev, and production from the first 7 wells turned to sales since the effective date of the deal exceeded expectations by […]
Crucial Times for a Crucial Industry
My name is Jeff Sparks and I am your new chairman at the Permian Basin Petroleum Association. I am humbled when I reflect on the truly great leaders the PBPA has had in the past. I will do everything I can to continue the great legacy of the PBPA. I will need to lean on […]
U.S. gas production from shale and tight formations declines in first 9 months
U.S. natural gas production from shale and tight formations, which accounts for 79 percent of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, U.S. Energy Information Administration said it would mark the first annual […]
ONEOK completes purchase of GIP’s interest in EnLink Midstream
Tulsa-based ONEOK has completed acquisition of the entire interest held by Global Infrastructure Partners in EnLink Midstream for total cash consideration of about $3.3 billion. The acquisition consists of 43 percent of EnLink’s outstanding common units ($14.90 per unit) and 100 percent interest in the managing member for $300 million. Pierce H. Norton II, president […]
Crude oil shipments drive record quarter for Port of Corpus Christi
Port of Corpus Christi and its customers moved 53 million tons through its ship channel in third quarter – a new quarterly record driven by increases in shipments of crude oil and dry bulk. Port officials said last week the 53 million tons moved in 2024Q3 was a 2 percent increase from the same period […]
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