Railroad Commission of Texas recently said its legal enforcement investigators are increasing their outreach and collaboration to help local, state and federal law enforcement officers. The collaboration is important, the commission said, “because of a recent troubling trend in Texas: an increase in oilfield theft that is affecting oil and gas operations, especially in the […]
Associated natural gas in three plays in Permian Basin triples since 2018
Production of associated natural gas, which is natural gas produced from predominantly oil wells, has nearly tripled since 2018 in the three top-producing tight oil plays in Permian Basin. U.S. Energy Information Administration said Wednesday data from Enverus show that associated natural gas from the Wolfcamp, Spraberry and Bone Spring plays averaged a combined 13.7 […]
Looking Ahead to 2024
The year 2023 brought members of the Permian Basin Petroleum Association another year of record production met with another year of legislative, regulatory, and economic uncertainty. Whether it was continued chaos in Washington, D.C., complete with talks of impeachment, political campaign rhetoric, and unstable leadership—or challenges in Santa Fe or Austin—PBPA has been focused on […]
Enbridge to expand Gray Oak pipeline from Permian to Ingleside Energy Center
Calgary-based Enbridge recently said it is continuing with plans to expand Gray Oak pipeline by 200,000 barrels per day from Permian Basin to the Gulf Coast. Enbridge CEO Greg Ebel said Nov. 3 on the company’s third quarter earnings call that an open season for the expansion is scheduled to start by the end of […]
U.S. adds rigs for third straight week; Permian, Texas also add to their counts
U.S. added to its count of active oil and gas drilling rigs for the third straight week, according to Baker Hughes, and Texas and Permian Basin also reported additional rigs last week. In the latest weekly report as of Dec. 1, there were 314 rigs in Permian Basin (311 previous week, 350 year ago), 306 […]
Production tax revenue contributes $3.06 billion to “Rainy Day Fund” in FY24
Texas comptroller Glenn Hegar last month deposited $3.06 billion – the second highest total in the fund’s history – into the state’s Economic Stabilization Fund for fiscal year 2024. The so-called “Rainy Day Fund” was created in 1988, and oil and gas production tax is the source of the majority of revenue deposited into the […]
Endeavoring to Make a Difference
We live in interesting times. What the world has taught us since Covid is that nothing that one might expect to happen, will happen. Rather, what happens is something altogether unexpected. WTI was supposed to climb above $100 before year’s end. As this sentence is being formed, it stands at $75. The price of crude […]
OPINION: The Reason for the Season as a Reason for Reflection
This being the beginning of the Christmas season, with so many people thinking thoughts of the “reason for the season,” now seems as good an occasion as any to step back from the issues of the oilfield and take a broader view—a view of ourselves and where we stand in this day and age. For […]
Bloomberg: U.S. gasoline price per gallon declines for 60 consecutive days
Bloomberg reported Monday that U.S. gasoline prices have dropped for 60 consecutive days – their longest streak of declines in more than a year. The average price for a gallon of gasoline in the U.S. is $3.25 – about 30 cents less than at the same time last year. AAA said one gallon of gasoline […]
Hearing in January for Midland’s challenge to Pilot disposal wells
A hearing is scheduled next month in Austin on a challenge by the City of Midland to applications for disposal wells in west Texas near a source of its drinking water. Pilot Water Solutions is asking to inject oil and gas wastewater deep underground near T-Bar Ranch, where Midland gets 30-to-35 percent of its water […]
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