According to a recent report from Enverus, operators in Barnett Shale in north Texas pulled back on completion activity in 2023.  Henry Hub prices averaged 62 percent less than the previous year at $2.57 per million BTUs.  U.S. Energy Information Administration said, “Record high natural gas production, flat consumption and rising natural gas inventories contributed […]

Two companies that operate primarily in Permian Basin are ranked among the top 10 private operators in the lower 48 states, according to a recent report from Enverus.  Continental Resources (Rockies) was the No. 1 private operator in 2023 with 690,299 boed, Mewbourne Oil (Permian) was fourth with 408,754 boed, and Endeavor Energy (Permian) was […]

Fort Worth-based U.S. Energy Development Corp. said this week it is expanding its operations in the Permian Basin.  “Building on a series of recent successes,” U.S. Energy said Tuesday, “the company is poised for significant growth and development in one of the most productive oil and gas regions.”  The continued investment includes the recent completion […]

Officials from U.S. Environmental Protection Agency were in Fort Worth last week to present a grant of $6.2 million to Fort Worth Independent School District to purchase 15 electric school buses.  The grant in the Clean School Bus program to Fort Worth ISD is one of 18 grants in Texas.  “Exhaust from these buses can […]

Officials from the Santa Fe office of U.S. Bureau of Land Management said last week BLM received $34,414,251 in high bids from its most recent lease sale in New Mexico and Kansas.  BLM offered 19 parcels covering 3,128 acres in the two states; 451 bids were received for 14 parcels covering 2,768 acres – 88.5 […]

It was another week of falling drilling rig counts in Permian Basin, Texas and U.S., according to Baker Hughes in its weekly report of June 21.  There were 308 rigs in Permian Basin (down 1 in past week, down 33 from 341 a year ago), 282 in Texas (down 3 in past week, down 63 […]

Fort Worth-based Point Energy Partners has tripled its crude oil production in Delaware Basin in the past year, according to data from Railroad Commission of Texas reported by Hart Energy.  Latest output is 14,996 barrels per day compared to 5,615 barrels per day a year ago.  Including associated gas, March output was 20,123 boed. John […]

Laura Daniel-Davis, acting deputy secretary of the U.S. Department of the Interior, said recently in Albuquerque that New Mexico will receive from the federal government $25 million to address pollution and orphaned oil and gas wells in the state.  She said the Biden administration “is empowering communities across the country to confront long-standing environmental injustices […]

Denver-based BPX Energy aims to increase its U.S. production by at least 60 percent by 2030, according to multiple reports from a conference in Fort Worth recently.  BPX said its U.S. onshore oil and gas business grew production by 13 percent in 2023 compared to 2022.  “We’re driving toward a 30-to-40 percent increase in production […]