Houston-based Targa Resources announced plans last week for its proposed Forza pipeline project, a new interstate natural gas pipeline to support production in Delaware Basin in southeast New Mexico. Forza will consist of 36 miles of pipe (36 inches) for transportation from receipt points in Lea County, N.M., to Waha hub in Winker County. The […]
Deep Blue expands Midland Basin system with Environmental Disposal Systems
Deep Blue Midland Basin, Diamondback Energy and Five Point Infrastructure said last week they agreed for Deep Blue to acquire Environmental Disposal Systems from Diamondback. The transaction doubles Deep Blue’s scale and advances “its leadership in sustainable produced water management.” The acquisition is valued at $750 million. Diamondback renewed its 15-year dedication to Deep Blue […]
Making Information Technology Work
Click here to listen to the Audio verison of this story! “Information is a source of learning. But unless it is organized, processed, and available to the right people in a format for decision making, it is a burden, not a benefit.” —C. William Pollard, author and former CEO of ServiceMaster (1938-2025) “Knowledge […]
Texas Pacific Land CEO says upstream companies improve resource recovery
In the 2Q earnings call for Texas Pacific Lands, CEO Tyler Glover said the belief that Permian geology is nearing exhaustion and past its peak is “a misguided conclusion.” He added, “First, a slowdown in activity due to lower oil prices should not be conflated as the slowdown due to limited drilling inventory. Upstream companies […]
10 counties in Permian account for 93% of U.S. production growth in 2020-24
From 2020 to 2024 total crude oil and lease condensate production in the U.S. grew by 1.9 million barrels per day, and 93 percent of that production growth was produced in 10 counties in Permian Basin in west Texas and southeast New Mexico. Two of these counties, Lea and Eddy in New Mexico, accounted for […]
New gas plant by Brazos Midstream qualifies for Texas JETI incentive program
A new cryogenic gas processing plant in Martin County by Brazos Midland Processing qualified for Texas’ Jobs, Energy, Technology and Innovation (JETI) program, Gov. Greg Abbott announced last week. The new plant, Sundance II, with capacity of 300 million cubic feet per day, will create $185 million in capital investment. Brazos Midstream owns and operates […]
Permian People September 2025
The Permian Basin hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Halliburton Company announced July 14 a change to the company’s senior executive leadership as part of its succession management process. Effective July 16, Stephanie Holzhauser assumed the role of senior vice president and […]
The World of Work is Changing
I continue to hear around the Basin that majors are moving a lot of staff to Houston. It is understandable. There are many contributing factors. In the past week, I learned that a nurse and a teacher were leaving for Houston with their newly transferred spouses. Transfers are good if you want to advance and […]
Enverus report says ExxonMobil only major operator to add rigs in past year
ExxonMobil is the leading operator in both U.S. and Permian Basin, and the industry major based in Spring, Texas, is the only top 10 operator to add working rigs in the past year. As of Aug. 22, according to Enverus, ExxonMobil had a weekly average of 37.7 active rigs – down from 39.1 the previous […]
Texas adds drilling rig for first time since May 9, Martin out of top 5 counties
Texas added a drilling rig in the past week for the first time since May 9 – breaking a streak of 16 weeks of declining or flat rig counts. Baker Hughes said as of Aug. 29, there were 241 active rigs in Texas – up 1 in the past week but down 33 or 12 […]
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