The Permian Basin is the undisputed leader in American oil and natural gas production—with all due respect to our colleagues and compatriots in North Dakota. With this stature comes enormous responsibilities, not just from the oil and gas industry and its workers, but across the states and counties of the Permian as well. Being so […]
Commission solicits independent peer review of water protection programs
Geologists and engineers from Railroad Commission of Texas will consult with environmental experts from other states to analyze an agency program that protects underground sources of drinking water. The commission said last week it requested the Groundwater Protection Council, an organization of groundwater experts, to conduct an independent peer review of its Class II underground […]
APA closes sale of non-core assets in Midland Basin, Eagle Ford to reduce debt
Houston-based APA Corp. said last week its recent agreements to divest non-core assets in Permian Basin and Eagle Ford closed earlier than expected and for less than the $700 million expected. Closing had been expected in third quarter for 24,000 net royalty acres in several counties in Midland Basin (2,000 boed net in 1Q) and […]
ADCC pipeline begins service to provide access to Permian Basin
WhiteWater, Austin-based infrastructure company and operator of Whistler pipeline, said last week the ADCC pipeline started commercial service July 1. It can provide about 1.7 billion cubic feet per day of natural gas to Cheniere’s Corpus Christi liquefaction facility from markets on Whistler’s Agua Dulce header in south Texas. Receipt points in Agua Dulce provide […]
Change Happens
And the beat goes on. When will this yo-yo of rules ever end for employers? I am blessed to be able to write this article once per month, and my occasional musings are not intended to be political; they are my observations as a lifelong student of everything history. Presidents get elected every four years, […]
Freedom From OPEC Starts by Investing in the Permian
Freedom from OPEC has been high on the American agenda for 23 years now. The Permian Basin is at the heart of the mission to secure American energy security. As an investor, I look for unique value propositions. The Permian, as the last significantly growing U.S. oil basin, is overlooked and underappreciated by most investors. […]
1PointFive, Microsoft reach deal for CDR credits at Ector County DAC plant
Houston-based 1PointFive, carbon capture, utilization and sequestration company, said last week it reached agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal credits over six years to support Microsoft’s carbon removal strategy. 1PointFive said July 9 it’s the largest single purchase of CDR credits enabled by direct air capture and “highlights the […]
Oil, gas industry shows improvement in employment growth, Texas leads nation
Data from U.S. Bureau of Labor Statistics and Energy Workforce and Technology Council last week show continued improvement in employment growth in the oil and gas industry. The energy services sector now supports 647,636 jobs across the nation, and for the first time in 2024 the employment growth outpaced growth in 2023 (by about 450 […]
Permian Basin reaches 12 weeks without increase in count of active drilling rig
Permian Basin’s streak of weeks without an increase in count of active drilling rigs has reached a dozen. Baker Hughes said in its weekly report of July 12 that Permian reported 305 rigs for the third consecutive week (down 32 from 337 a year ago). Permian last reported an increase April 19 (up 2 to […]
Post Oak, Genesis Park divest interests in Layne Water in Permian Basin
Houston-based private equity firms Post Oak Energy Capital and Genesis Park said last week they sold their interests in Layne Water Midstream in all-cash transactions. Post Oak and Genesis Park said July 10 they worked closely with Layne management to grow its customer base and footprint in Permian Basin after investing in Layne in 2019. […]
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