ProFrac Holding executive chairman Matthew D. Wilks told Enverus its subsidiary Alpine Silica “is now the largest proppant producer in the industry with a multi-basin footprint.”  That follows ProFrac’s acquisitions in 2022 of frac equipment, sand mines and proppant, including west Texas subsidiaries of Signal Peak Silica, Performance Proppants and its Haynesville mines, and the […]

Darren Woods, Exxon chairman and CEO, said Spring-based ExxonMobil and Irving-based Pioneer Natural Resources will be able to use their combined capabilities to drive down emissions and produce lower carbon intensity oil and gas.  The combined company, Woods said, will generate value “well in excess of what either company is capable of doing on a […]

The much-anticipated acquisition of Pioneer Natural Resources by ExxonMobil became official Wednesday when the two companies announced a $64.5 billion stock deal (including debt) that more than doubles Exxon’s footprint in Permian Basin.  The merger, Exxon’s largest since acquiring Mobil for $73.7 billion in 1999, adds Pioneer’s 850,000 net acres in Midland Basin to Exxon’s […]

San Antonio-based Ozona CCS said last week it reached agreement with a private landowner to lease 5,723 contiguous acres of pore space in Loving County in Permian Basin for drilling multiple commercial carbon dioxide sequestration wells.  The deal increases Ozona CCS’ lease position to more than 10,000 contiguous acres with estimated pore space capacity of […]

In Baker Hughes’ weekly count of active drilling rigs as of Oct. 6, after a decline of 7 rigs in the past week Texas fell below 300 rigs for the first time since February 2022.  Texas reported 297 rigs (304 week ago, 360 year ago).  Also, there were 309 rigs in Permian Basin (312 week […]

Stafford-based Scorpion Oil and Gas said recently it closed on a transaction with an undisclosed leading independent for entry into the Permian Basin.  Scorpion acquired nearly 6,000 acres (gross) in Lea County in New Mexico with current production of about 400 boed (85 percent oil).  The privately-held company said the assets, comprised of vertical and […]

Railroad Commission of Texas this week released proposed new rules for water protection and oil and gas waste management.  Monday the commission said its 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 RRC is the […]

The Environmental Partnership, an industry group that has grown to 102 oil and gas companies since its founding in 2017 with 23 members, recently released its annual report revealing that in 2022 in its leak detection and repair program more than 202 million component inspections were performed, 664,000 surveys were conducted, and 157,000 sites were […]