After 15 weeks of declining or flat counts of active drilling rigs, Texas added rigs for the third straight week. As of Sept. 12, Baker Hughes said there were 244 active rigs in Texas – up 1 in the past week but down 30 or 10.9 percent from 274 a year ago. Texas started the […]
Phillips 66 to acquire WRB Refining, including Borger unit that serves west Texas
Houston-based Phillips 66 said last week it will acquire the remaining 50 percent interest in WRB Refining from subsidiaries of Cenovus Energy for $1.4 billion. WRB Refining is a 50/50 joint venture of Phillips 66 and Cenovus that includes a refinery in Borger serving markets across west Texas, New Mexico and the U.S. southwest. The […]
EIA reports crude oil price ‘will decline significantly’ to $59 in Q4, $51 in 2026
In its latest Short Term Energy Outlook, U.S. Energy Information Administration said it expects “the Brent crude oil price will decline significantly in the coming months.” EIA forecasts the price will fall from $68 per barrel in August to an average of $59/b in 4Q and about $50/b in early 2026 and $51/b for fullyear […]
Keeping the Pipeline Flowing
Click here to listen to the Audio verison of this story! Liquids emitted by oil wells are by nature harsh and corrosive in most cases. That includes the crude oil and the associated water. Between paraffin buildup and corrosion breakdowns, the oil industry must constantly fight to keep the liquids flowing and inside the infrastructure. […]
Direct Midstream selects SitePro to provide automation technology in Permian
Addison-based Direct Midstream selected SitePro as sole automation provider for Direct Midstream, an expanding water midstream operator in Permian Basin. Lubbock-based SitePro, a software, hardware and service company with patented automation and fluid management solutions, is contracted to deploy automation technology across 15 existing saltwater disposal facilities with plans for expansion. Bryson Benson, CEO of […]
Peak 10 Energy acquires oil, gas assets in Scurry County in Midland Basin
Houston-based Peak 10 Energy said last week it acquired oil and gas assets in Midland Basin from Black Topaz Oil & Gas and Blue Topaz Oil & Gas. The Verado Energy acquisition, which closed Aug. 29, marks Peak 10’s eighth successful transaction since the company launched in August 2023. The assets are in the Strawn […]
EIA reports record production of crude oil, natural gas in June in U.S.
U.S. crude oil production reached another record of 13.58 million b/d in June after an increase of 133,000 b/d since June 2024, according to the latest Petroleum Supply Monthly from U.S. Energy Information Administration. Crude production in top producing state Texas added 11,000 b/d to reach 5.72 million b/d – highest since April. And the […]
Back to the Beginning: Training
Welcome back to everyone’s favorite topic—safety! I say that because most of the people that read anything about safety are safety people. Some people in operations will glance through safety articles on the chance there may be something new or a new rule or ruling from OSHA, MSHA, EPA, NIOSH, FMCA, or—if they operate in […]
Riley Exploration Permian reports most efficient, cost-effective drilling campaign
In its second quarter earnings call last month, officers at Riley Exploration Permian said the Oklahoma City-based company set multiple Yoakum County records in San Andres. The new standards include longest lateral drilled at 10,375 feet, fastest spud to total depth, and fastest spud to rig release for both 1- and 2-mile wells. “This campaign […]
Texas only major producing state to add drilling rigs last week, up 2 to 243
Texas was the only major producing state to add drilling rigs last week, according to the weekly report of Sept. 5 from Baker Hughes. Texas added 2 rigs to reach 243, but its count is down 31 or 11 percent from 274 a year ago. It was the state’s second straight week of gains following […]
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