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 […]

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 […]

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 […]

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 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 […]

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 […]

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. […]

Dallas-based Texas Pacific Land Corp. said last week it closed two transactions for $169 million for oil and gas mineral interests and surface acreage in Permian Basin. TPL acquired mineral interests on 4,106 net royalty acres in Culberson County leased to and operated by Coterra Energy. The acquired surface acres span 4,120 acres in Martin […]