The November edition of the hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Denver, Colo.-based SM Energy hired Beth McDonald, former Pioneer Natural Resources executive, as its new Executive Vice President and Chief Operating Officer, effective Sept. 9. McDonald has 23 years of experience […]
Civility in the Workplace
A couple of things come to mind as topics worth discussing this month. One is hiring foreign workers, and the other is the Presidential election. Starting with hiring foreign workers, I was initially grateful that what appeared to be well-educated migrants from Venezuela and Cuba had come to the Permian Basin to find jobs. There […]
CO2 Conference
A huge percentage of horizontal wells are non-commercial in 10-15 years. What do you do next to preserve your asset? Consider CO2 storage, EOR and produced water. When industrial sources capture their CO2 emissions, the emissions and excess water need a place to go. Depleted reservoirs like yours need a future. That’s a perfect marriage: […]
‘Undisputed energy leader’ Texas adds 1,700 upstream jobs in September
Texas Workforce Commission and Texas Oil and Gas Association recently said the oil and gas industry’s upstream sector grew by 1,700 jobs in September. There have been 14,300 upstream jobs added to date this year. Since its low point in September 2020 during the covid19 pandemic, the industry has added or recovered 53,700 upstream jobs […]
Rig counts continue to decline in Permian Basin, Texas
Permian Basin and Texas reported declining rig counts while U.S. and New Mexico reported stable counts in Baker Hughes’ weekly report of Nov. 1. There were 303 rigs in Permian Basin (down from 304 week ago and 310 year ago) and 281 in Texas (down from 283 week ago and 304 year ago). New Mexico […]
Alliance Resource Partners makes acquisitions of $10.5 million in Permian
Tulsa-based Alliance Resource Partners said last week it closed acquisitions of $10.5 million in Permian Basin in third quarter. Joseph W. Craft III, chairman, president and CEO, said Oct. 28, the company realized another solid quarter of year-over-year growth in its oil and gas royalties business. “We continue to reap the benefits of a minerals […]
ConocoPhillips’ record 3Q lower 48 production includes 781,000 boed in Permian
Houston-based ConocoPhillips said last week its record lower 48 production of 1,147,000 boed in third quarter included 781,000 boed from Permian Basin. Total company 3Q production was 1,917,000 boed. The lower 48 total also included 246,000 boed from Eagle Ford and 107,000 boed from Bakken. Ryan Lance, chairman and CEO, said Oct. 31, “ConocoPhillips continues […]
Diamondback Energy acquires TRP assets in Midland Basin in asset swap
Midland-based Diamondback Energy will trade certain of its Delaware Basin assets and pay about $238 million in cash to TRP Energy in exchange for TRP’s Midland Basin assets. TRP’s Midland Basin assets are comprised of 15,000 net acres in Reagan and Upton countries with 55 remaining undeveloped operated locations – the majority of which immediately […]
The Human Factor in Oilfield Services
Whatever the powerful machines, the deep holes, or the unfathomably complex technology, the oil patch revolves around its people. For Cudd Energy Services, that means giving their people the tools and training to be efficient, accurate, and safe. For JMR Services, it means helping producers efficiently and safely plug abandoned wells to protect the air, […]
Enterprise Products Partners completes purchase of Pinon Midstream
Houston-based Enterprise Products Partners said this week it completed its previously announced acquisition of Pinon Midstream, formerly a portfolio company of Black Bay Energy Capital. Enterprise purchased Pinon for $950 million cash in a debt-free transaction. The acquired assets, which include natural gas gathering and treating services, expand Enterprise’s footprint in the eastern flank of […]
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