U.S., Texas and Permian Basin added drilling rigs in the past week, according to the latest weekly report from Baker Hughes. As of April 19, there were 619 rigs in U.S. (up 2 in past week, down 134 in past year), 296 in Texas (up 2 in past week, down 81 in past year) and […]
Top Flight Service
How much does Permian Basin oilfield activity affect Basin aviation activity? It’s pretty much a direct, non-stop connection. According to Justine Ruff, director of airports at the Midland International Air and Space Port, “enplanements” are up exponentially right now. An enplanement, per the definition she gave, is “a passenger getting on an airplane and flying […]
EIA forecasts Brent oil crude spot price to average $89 per barrel for 2024
U.S. Energy Information Administration said in its latest short-term energy outlook that it expects average Brent crude oil spot price will increase to $89 per barrel for 2024 after $82 per barrel in 2023. Forecast average for 2024Q2 is $90 per barrel. EIA said, “This increase reflects our expectation of strong global oil inventory draws […]
Analysts forecast $100 oil as OPEC extends supply cuts, geopolitical tensions rise
Several analysts told The Telegraph last week they expect the price of a barrel of crude oil could reach $100 by June as Saudi Arabia extends supply cuts and geopolitical tensions continue to rise. Bjarne Schieldrop of SEB Bank said, “Towards the end of second quarter, I think it’s natural to assume that we’ll see […]
New rules for federal oil, gas leases will result in higher costs for producers
Bureau of Land Management in U.S. Department of Interior issued new rules last week that will result in producers paying more to develop and produce crude oil and natural gas on federal lands. Oil & Gas Journal said the rules for fluid mineral leases and leasing process are BLM’s first comprehensive updates to the federal […]
Voting: Now is the Time
It is indeed nice to write for this publication, in the sense of being able to have literary freedom in terms of discussing safety. While the government continues in its overreach to control everything, safety included, we still fortunately have freedom of speech. Our freedom of speech can be seen as a parallel to the […]
Permian Basin leads Texas to record production of oil, gas in 2023
Railroad Commission of Texas said last week production of both crude oil and natural gas in the state reached record numbers in 2023. Oil production was about 1.92 million barrels, which was about 51 million barrels ahead of the previous record of about 1.86 million barrels in 2019. Natural gas production was 12.01 trillion cubic […]
U.S. rig count declines for fourth straight week, Permian down 1 in week to 316
U.S. count of active drilling rigs fell for the fourth straight week, according to Baker Hughes in its weekly report of April 12. The U.S. count declined by 3 in the past week to 617 (down 134 in the past year). Baker Hughes also said as of April 12 there were 316 rigs in Permian […]
Moss Lake files request for DeLa Express from Delaware Basin to Louisiana
Houston-based Moss Lake Partners recently filed a request to the U.S. Federal Energy Regulatory Commission to start the pre-filing review process for its proposed DeLa Express system that will transport 2 Bcfd of natural gas from Delaware Basin to Louisiana. The request was filed April 2 for DeLa Express to transport liquids-rich natural gas from […]
Rising to the Occasion
As long as there are oil wells—greenfield and brownfield—there will be a need for downhole tools. That much is unchanging. What is up for grabs is the kind, the number, and the speed at which they’re needed. For Ruger Oil Tools, the times they are a’changin’. For Mesquite Oil Tools, the more things change, the […]
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