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 […]

The Woodlands-based Earthstone Energy told Enverus that its assets acquired recently from Delaware Basin operator Novo Oil & Gas will immediately compete for capital in Earthstone’s portfolio.  Earthstone and Northern Oil & Gas said June 15 they are acquiring Novo for $1.5 billion.  After closing in 2023Q3, Earthstone said it will move one of its […]

Houston-based private gas gatherer Pinon Midstream said last week it is expanding Dark Horse, its sour gas treating and carbon capture facility in Lea County, N.M.  Construction on a fully subscribed amine treating unit (Train III) is scheduled to begin in 2023Q3 with an in-service date of January 2024.  Pinon said it also has started […]

Moriarty, N.M.-based Sceye said it is testing a helium airship to detect and measure oilfield emissions in a partnership with U.S. Environmental Protection Agency and New Mexico’s departments of environment and economic development.  The airship hovers 65,000 feet above earth equipped with spectral imagers and laser sensors that Sceye said can scan emissions within a […]

Houston-based ConocoPhillips reported last week increased production in 2022Q1 as it continues to integrate and optimize recently acquired Permian Basin assets.  The record production of 1,747,000 boed (220,000 above 2021Q1) in Q1 included 967,000 boed in lower 48 and 640,000 boed in Permian Basin.  Q2 production is expected to be 1.67 to 1.73 million boed, […]

For the first time since March 2020, Baker Hughes reported a count of active oil and gas drilling rigs of at least 700 in U.S.  As of May 6, there were 335 rigs in Permian Basin (unchanged in past week, up 106 in past year), 344 in Texas (down 1 in past week, up 127 […]

Owners of Whistler pipeline said last week it will be expanded through the installation of three compressor stations.  The new stations will increase mainline capacity from 2.0 billion cfd to about 2.5 billion cfd and be in service by September 2023.  Whistler is owned by a consortium of MPLX, WhiteWater, and a joint venture of […]

The Woodlands-based Ring Energy said April 26 that 2022Q1 production averaged 8,870 boed (85 percent oil) – above high end of guidance of 8,500 to 8,700 boed in Permian Basin of west Texas and east New Mexico.  Ring’s one-rig program started in late January and drilled 6 wells (4 on Central Basin Platform and 2 […]