Permian Basin added a drilling rig last week for the second time in the past three weeks, according to the weekly report of Sept. 6 by Baker Hughes. There were 306 rigs in Permian Basin (up 1 from 305 previous week, down 14 from 320 year ago). Baker Hughes also reported 274 rigs in Texas […]
Oil’s Well that Ends Well
Most shale wells, regardless of lateral length, produce furiously for the first several months, then start a downward trajectory that’s accompanied by rising levels of gas and sand. This combination means that lift methods must also evolve along the well’s life. To make that happen, three Permian Basin lift companies are advancing some existing technologies. […]
Commission accepting public comments on new waste management rules
Railroad Commission of Texas is accepting public comments through Sept. 30 on its proposal to revise the agency’s rules regulating waste management facilities in the state. “This is the first overhaul of the RRC’s waste management rules in four decades,” the commission said. “The proposed rules factor safety and groundwater protection as well as technological […]
Enverus reports M&A in power, energy transition ahead of 2023 pace
Calgary-based Enverus Intelligence Research said this week M&A (mergers and acquisitions) activity in power and energy transition industries is ahead of the pace set in 2023. Enverus has tracked $79 billion in power asset and energy transition M&A through the first half of the year across 234 deals with a reported value ahead of 2023’s […]
Milestone acquires more energy waste disposal sites in Permian Basin
Houston-based Milestone Environmental Services said recently it has acquired assets in west Texas from Return Disposal. Milestone acquired slurry injection facilities in Big Spring, Mentone and Midkiff to expand its network to 11 full-service slurry injection facilities, including nine in Permian Basin. Milestone also operates three energy waste landfills in Permian Basin. The newly acquired […]
Vital Energy upgrades portfolio with 119 long-lateral horseshoe locations
Tulsa-based Vital Energy recently upgraded its portfolio with a total of 119 long-lateral horseshoe locations in Permian Basin. That follows the successful execution of its first three horseshoe wells in Upton County in Midland Basin. Jason Pigott, president and CEO, said Aug. 7, “In addition to achieving record quarterly production, we are organically adding low-breakeven […]
Matterhorn begins moving natural gas from Permian Basin to Gulf Coast
Matterhorn natural gas pipeline has started moving small amounts of gas from Permian Basin to the Gulf Coast, according to industry executives at a conference in New York City this week. “The Matterhorn is online and moving little bits of gas,” officials at Permian Resources told Reuters. The pipeline should be “moving a real amount […]
Court Rulings and Your Company: What to Watch For
The U.S. Supreme Court and many other courts make decisions that affect businesses and their employees. Writing about Human Resource Management (HRM) is challenging, given the constant legal changes. Of course, the Supreme Court cases affect all the states, but it is essential that we pay attention to what happens beyond the State of Texas […]
U.S. rig count declines for third straight week, Permian down to 305
Count of active drilling rigs in U.S. declined for the third straight week and fourth time in the last five weeks, according to weekly report of Aug. 30 by Baker Hughes. There were 503 rigs in U.S. (down 2 from 505 previous week, down 48 from 585 year ago). Rig count also declined in Permian […]
Rising Phoenix Royalties acquires mineral interests in Dawson County
Dallas-based Rising Phoenix Royalties said last week it closed on a deal for mineral interest property in Dawson County. The acquisition for 230 net royalty acres is operated by SM Energy Co. Jace Graham, CEO, said Aug. 29, “This acquisition underscores Rising Phoenix Royalties’ dedication to diversifying our mineral portfolio and capturing more upside potential. […]
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