Houston-based Enterprise Products Partners said this week it will expand its natural gas processing capabilities in the Permian Basin with construction of the Mentone West 2 plant in Loving County in Delaware Basin. The new facility will have capacity to process more than 300 million cubic feet per day of natural gas and to extract […]
Timing is Everything
Timing is everything. In January of this year, a petition for review was filed with the Texas Supreme Court titled Scout Energy Management, LLC v. Taylor Properties, in which Scout asks the Court overturn an opinion issued out of the 7th Court of Appeals in Amarillo that involved the interpretation of a shut-in royalty clause […]
Occidental operates fully electric well service rig from Axis Energy Services
Dallas-based Axis Energy Services said recently it has deployed the industry’s first fully electric well service rig on wells operated by Occidental Petroleum in Permian Basin. Axis said its EPIC RIG “provides improvements in safety and efficiency as well as the ability to run on grid power for reduced emissions and increased fuel flexibility.” EPIC […]
New Mexico adds 5 drilling rigs to lead major producing states last week
New Mexico led gains in count of active drilling rigs last week, according to the weekly report of March 28 from Baker Hughes. The only major producing state to add rigs last week, New Mexico reported 111 rigs (up 5 in past week, up 7 in past year). It is the state’s highest rig count […]
Matador completes two natural gas pipeline connections in Delaware Basin
Dallas-based Matador Resources said last week it has completed two natural gas pipeline connections in northern Delaware Basin. Joseph Wm. Foran, chairman and CEO, said connections were completed between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s new acreage in Lea County, N.M., obtained from Advance Energy Partners Holdings. Matador’s announcement March […]
Canadian Oil Sands To Hit 3.7 Million BPD
Oil sands production in Canada is expected to reach 3.7 million barrels per day by 2030. Oil sands extraction and processing remains one of Canada’s most important economic drivers. According to the Business Council, the industry is expected to contribute more than $200 billion annually to the country’s GDP. In addition, it is a major […]
Texas O&G Regulator Supports Vote to Repeal LNG Export Ban
In January 2024, the Biden Administration announced a pause on permits for new liquefied natural gas (LNG) export projects. In response to this pause, it was announced that the U.S. House of Representatives would be voting on H.R. 7176, the Unlocking Domestic LNG Potential Act (Rep. Pflueger, TX-11), which would repeal the Biden Administration’s ban on new LNG export projects. Following […]
O&G Shows Resilience Despite 16% Decline in Contract Volume
Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16 percent in disclosed contract volume—from 1,401 in Q3 2023 to 1,172 in Q4 2023. Despite this downturn, a marginal uptick in overall contract value hints at resilience during the challenging times, reveals GlobalData, a data and analytics company. GlobalData’s […]
The One That Didn’t Get Away
The Bass Pro Shops that was slated for construction in Midland now is destined for Odessa instead, and will be half-again as big as the store planned earlier. Bass Pro Shops announced updated plans Feb. 23 for a new destination retail store location, this one fronting Highway 191 between Yukon Road and Mission Boulevard. The […]
Oilfield Chemicals Market to Reach $44.6 Billion by 2030
(BUSINESS WIRE) The global market for oilfield chemicals, estimated at $28.9 billion in 2022, is projected to reach $44.6 billion by 2030, growing at a cumulative annual growth rate (CAGR) of 5.6 percent between now and 2030, according to a new report from ResearchAndMarkets.com. Drilling fluids, one of the segments analyzed in the report, is […]
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