Viper Energy, subsidiary of Midland-based Diamondback Energy, and operating subsidiary Viper Energy Partners said last week they are acquiring mineral- and royalty interest-owning subsidiaries of Tumbleweed Royalty IV for $461 million and 10.1 million units of Viper Energy Partners. Closing is expected in 4Q. Viper also said it earlier closed two transactions of certain mineral- […]
The Energy to Vote
Estimates are that nations representing about half of the world’s gross domestic product (GDP) are voting this year, with economies, immigration, and energy transition among the top issues. As the world’s third most populous nation and its largest single economy, the United States factors heavily on the global scene. What happens in the United States […]
Oil, gas employment no longer dominates Houston job market
The oil and natural gas industry has dominated Houston’s job market for decades, but Houston Chronicle reports the industry’s reign over Houston is “waning as the industry consolidates and slashes its spending.” Reuters said, “Houston is expected to take a significant hit as Shell moves to cut 20 percent of its global oil and gas […]
ExxonMobil leads U.S., Permian in rig count, Permian tops in frac crews
ExxonMobil leads in drilling rig count in both U.S. and Permian Basin, according to a report Tuesday from Enverus. As of Sept. 6, Exxon operated 39 rigs across the U.S. followed by ConocoPhillips with 30, Occidental Petroleum with 25, EOG Resources and Mewbourne Oil each with 24, Devon Energy with 22, Continental Resources with 21 […]
APA Corp. divests non-core producing assets in Permian Basin
Houston-based APA Corp. said Tuesday it agreed to divest certain non-core producing assets in Permian Basin to an undisclosed buyer for $950 million. The properties in Central Basin platform, Texas and New Mexico shelf, and Northwest shelf represent current net production of about 21,000 boed (57 percent oil). APA said proceeds will be used primarily […]
Lamentations of a Safety Professional
Greetings and salutations! We will be talking about the internal woes of most safety professionals at some point in their career. For those unaware of the story of my introduction as a safety professional in the oilfield, I will give you a brief background. Some may retort, “If you are in safety, you are not […]
Commission exceeds goal again by plugging 1,012 orphan wells in FY 2024
Railroad Commission of Texas said last week it plugged 1,012 orphan wells using state funds in fiscal year 2024 to surpass its goal of 1,000. The commission said it exceeded its goal for the eighth straight year. The state funds are collected from oil and gas industry revenue, including well plugging reimbursements, fees and bonds, […]
FERC to conduct hearing in Odessa on DeLa Express natural gas pipeline
Federal Energy Regulatory Commission will conduct a hearing Thursday at 4:30 p.m. at Lawndale Community Center in Odessa on the proposed DeLa Express pipeline. FERC is gathering public input and comments to prepare an environmental report for the proposed natural gas pipeline project. FERC is required to seek and consider public comments in its decision-making […]
Permian Basin adds drilling rig for count of 306, Midland County up 3 to 23
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. […]
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