Baker Hughes’ rig counts in Permian Basin, Texas and New Mexico remained unchanged in the report of Nov. 27 for a week abbreviated by Thanksgiving holiday.  There were 303 rigs in Permian Basin (314 year ago), 281 in Texas (306 year ago), 102 in New Mexico (106 year ago) and 582 in U.S. (down 1 […]

Tulsa-based ONEOK said last week it will acquire the remainder of EnLink Midstream for $4.3 billion in common stock.  EnLink previously announced Oct. 15 the successful completion of its acquisition of Global Infrastructure Partners’ interest (43 percent) in EnLink for a total cash consideration of about $3.3 billion.  The purchases expand ONEOK’s presence in Permian […]

U.S. Federal Energy Regulatory Commission granted permission for Natural Gas Pipeline Co. of America, subsidiary of Houston-based Kinder Morgan, to build its Texas-Louisiana project in Texas.  NGPL said after the FERC meeting Nov. 21 that the project will allow it to receive additional gas from existing system receipt points in the Permian, Eagle Ford and […]

ExxonMobil is the Permian Basin leader in oil and gas drilling rigs as of Aug. 9, according to Enverus, with 37 working rigs.  Other leaders include Occidental with 21 rigs, EOG Resources, Mewbourne Oil and Devon Energy with 16 each, ConocoPhillips with 15, Chevron and Permian Resources with 12 each, and Diamondback Energy and Endeavor […]

After a week of gains, Permian Basin, Texas and U.S. returned to declining counts of drilling rigs last week, according to the weekly report of Aug. 16 from Baker Hughes.  There were 303 rigs in Permian Basin (down 1 from 304 previous week, down 24 from 327 year ago), 273 in Texas (down 3 from […]

Houston-based Trace Midstream Partners II said recently it reached agreement with LM Energy Delaware to acquire its natural gas gathering and transportation assets in northern Delaware Basin.  The system in Eddy and Lea counties in New Mexico consists of high- and low-pressure gas pipelines with associated compression, dehydration, condensate handling and vapor recovery capabilities. LM […]

Midland wildcatter and military veteran Autry Carl Stephens, founder of Endeavor Energy Resources and recipient of the Top Hand Award from Permian Basin Petroleum Association, died at the age of 86.  Endeavor said its board chairman died Aug. 16 and will be succeeded as chairman by his daughter, Lyndal Stephens Greth, an attorney who served […]

Fort Worth-based Brazos Midstream Holdings III said last week it completed construction of a cryogenic gas processing plant in Martin County.  Sundance I is scheduled to start commercial service in October with capacity of 200 million cfd.  Brazos said Aug. 15 it also is in final stages of constructing about 175 miles of high-pressure gas-gathering […]

Saudi Arabia, U.S. and Russia continue to rank 1-2-3 in total global recoverable oil reserves, according to Oslo-based Rystad Energy’s latest research.  Rystad this week raised its estimate of total global recoverable oil to 1,624 billion barrels – an increase of 52 billion barrels compared to its estimate last year.  Oil & Gas Journal called […]

Texas Pipeline Association recently commissioned a study on the economic impact of the state’s oil and gas pipeline industry by Center for Energy Commerce at Texas Tech University.  The study released earlier this month shows that the industry provided more than $60.5 billion in economic output in 2022 and nearly $3.6 billion in state and […]