For the third consecutive week, Texas led a comeback of drilling activity in U.S. Baker Hughes said in its weekly count of active oil and gas drilling rigs that as of Oct. 27 there were 313 rigs in Permian Basin (up 1 in previous week, down 33 in previous year), 311 in Texas (up 3 […]
Matador Resources Reports Record Production in Third Quarter
Dallas-based Matador Resources, with current operations focused in Wolfcamp and Bone Spring plays in Delaware Basin, said last week it reached record production in third quarter. Matador said Oct. 24 it reached production of 135,096 boed in 3Q – up 3 percent over 130,683 boed in 2Q and up 28 percent from 105,214 boed in […]
Who Controls a Well’s Produced Water?
An increasingly odd operating issue (that has only been an issue in the last few years) may be in front of the Texas Supreme Court next year… if they agree to hear it. The controversy swirling up focuses on one question: who has the right to own and control produced water? Yes, you read correctly. […]
Tribal-Owned Pipe Manufacturer Announces Piping for the Gas Sector
Sovereign Pipe Technologies (SPT), a Citizen Potawatomi Nation (CPN) Tribal-owned manufacturing facility based in Shawnee, Okla., has officially launched the manufacturing of high-density polyethylene (HDPE) piping for the gas distribution industry. Created with a focus on sustainability and zero waste, the brand-manufacturing plant announces DABYANABO, a gas ASTM D2513 Pipe. The name, DABYANABO, is from the […]
How Deals Are Getting Done
by Mari Salazar, manager of energy banking, BOK Financial and Cristina Stellar, managing director of energy investment banking, BOK Financial Securities As the deal count stumbles to near a two-decade low, we saw a lot of activity in the M&A space during the first seven months of the year. The need for exploration and production […]
Energy Competition Focuses on Innovation
The world is full of good ideas, but only some of them become viable and real. “You don’t see the full impact of a good idea until someone figures out a way to convert it to a usable product or service that has value, brings it to market and makes money off of it—this is […]
Morningstar: $100/Barrel Oil in Reach
With the sharp recent increase in oil prices, investors have become more enthusiastic about energy stock prices. Bargains are now much harder to find, as while 36 percent of Morningstar’s energy coverage was undervalued last quarter, it is now just 17 percent. Morningstar finds ongoing oil supply cuts by Saudi Arabia and Russia put $100 per […]
RRC Proposes Overhaul for Water Protection Rules
For the first time in nearly 40 years, the Railroad Commission’s Statewide Rule 8 will undergo a substantial overhaul to better reflect modern waste management practices and recent advancements in production methods. One of the highest priorities of the Railroad Commission of Texas (Commission) is the protection of groundwater resources. Water protection is a major […]
RRC Commissioner: White House is “Weaponizing” ESA
Texas Railroad Commissioner Wayne Christian recently authored a letter to the Biden Administration’s U.S. Fish and Wildlife Service (USFWS) opposing their pending rule which would designate the Dune Sagebrush Lizard (DSL) as an endangered species under the Endangered Species Act (ESA). With the DSL primarily residing in the Permian Basin region, this classification will specifically impact hydrocarbon […]
Council Launches SecureWell Course
The Houston-based Energy Workforce and Technology Council announced on Sept. 13 the launch of the SecureWell: Well Control Certification Course, signaling the industry’s newly revitalized efforts to address the specifics of well control, operation, security, and safety. SecureWell’s mission is to provide industry standards for effective equipment selection and purpose-drive practical well control training for cased hole applications. […]
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