Austin-based Atlas Energy Solutions recently announced the commissioning of its Dune Express, a 42-mile electric conveyor system “that is expected to transform proppant logistics in the Permian Basin.” Atlas said Oct. 10, “The system remains on time and on budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late […]
Carbon Capture as an Investment Play
In recent articles I discussed some bullish oil and gas investment ideas in the Permian. Energy though, as you well know, is in a massive transition period. Over the next decade, three things will happen that are not in much doubt anymore. U.S. onshore oil production in the Lower 48 will peak and […]
Rig counts: Permian unchanged with 304, Texas down 2 to 283
Rig counts in Permian Basin and New Mexico remained flat in Baker Hughes’ latest weekly report while counts in Texas and U.S. declined. Baker Hughes said as of Oct. 18 there were 304 rigs in Perman Basin for the third straight week (down 8 from 312 year ago) and 99 in New Mexico for the […]
Axis Energy, Brigade Energy merge to form well servicing company
Dallas-based Axis Energy Services and Brigade Energy Services said recently they are merging to “form the nation’s largest and most innovative well servicing company with the best-trained workforce.” The merger “combines two high-growth organizations that have pioneered new ways to create value for an oil and natural gas industry seeking to become more efficient, agile […]
Kinder Morgan to expand Gulf Coast Express pipeline, add Permian takeaway
Houston-based Kinder Morgan said last week it made final investment decision on its $455 million expansion of Gulf Coast Express pipeline to enable customers to move substantial additional natural gas from Permian Basin. Kim Dang, CEO, said Oct. 16 the expansion “will increase natural gas deliveries by 570 million cubic feet per day from the […]
Life in the Merge Lane
The shale revolution of the previous decade began with mantras of “drill, baby, drill,” interspersed with “spend, baby, spend,” and “buy small, grow fast, sell big, make money!” That didn’t work, as the resulting river of shale oil flooded the market and crashed prices. Only a lucky few made big money on that plan. […]
Chevron focuses on safety, environment in development in Delaware Basin
Houston-based oil and gas major Chevron said Monday its approach to developing the New Mexico side of the Permian Basin to 1 million boed by 2025 aligns with the state’s regulatory emphasis on safety and the environment. The company said it is using electrical compressors where possible rather than natural gas-fired compressors to power its […]
Enverus: M&A activity slows in third quarter of 2024
Calgary-based Enverus Intelligence Research said Wednesday the pace of M&A (mergers and acquisitions) upstream activity in third quarter slowed significantly “following 12 months of heightened consolidation in oil and gas.” The $12 billion in announced deals in 2024Q3 was the lowest quarterly total since the first quarter of 2023. Enverus attributed the decline “to a […]
Chevron aims for production of 1 million boed by 2025 in Permian Basin
Houston-based Chevron said this week it is increasing production in the New Mexico side of the Permian Basin. The oil and gas major aims to produce 1 million boed in the basin by 2025. Duncan Healey, the company’s New Mexico asset manager, said, “We see great potential there… Several factors have made it the place […]
Do Safety Guys Ever Really Retire (or do they just fade away)?
Welcome! Let me start off by saying that the title is just a rhetorical question. If you ask any safety person, they may say they have retired. Then if you do a small job around the house with them you will experience the fact that they do not retire. In that sense, they’re like the […]
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