Midland-Odessa takes another step forward. The long-awaited UTPB College of Engineering Building is now a reality. One month. Four weeks. Thirty days. And counting. Workers scampered from one end of the building, from top to bottom, and all over the outside grounds in an all-out push to finish the new College of Engineering Building for […]
Road Safety
By Dusty Roach Welcome! I hope this August finds you happy and safe! Today I am going to broach the subject of the most dangerous and deadly part of our industry… Driving. I fully understand that the 40 hours of documented training that we received at the mature age of 16 to 18 years of […]
Lease Prices, Demystified
By Paul Wiseman In recent months some record dollar amounts have been paid for leases in the Permian Basin. In 2018 a Santa Fe firm that places bids for anonymous investors bid more than $95,000 per acre for a tract of U.S. government land on the New Mexico side of the Basin. That number was […]
On the Front End
In this month’s roundup of news and views, we share some firsts and foremosts. The Basin is a fertile ground for superlatives and precedent-setters. These are the full versions of the “Drilling Deeper” news items that appeared as abbreviated versions in the print edition of PB Oil and Gas Magazine’s September 2019 issue. Longest Lateral […]
Concho Resources, Solaris Water form joint venture for produced water
Midland-based Concho Resources and Houston-based Solaris Water Midstream said July 31 they are forming a joint venture for produced water management in northern Delaware Basin. Concho is contributing 13 saltwater disposal wells and 40 miles of produced water gathering pipeline, and Solaris is contributing cash and an equity ownership in its parent company. Solaris will […]
Oxy forms JV with Ecopetrol to develop 97,000 net acres in Midland Basin
Houston-based Occidential Petroleum said last week it is forming a joint venture with Bogota-based Ecopetrol to develop 97,000 net acres of Oxy’s Midland Basin properties in Howard, Martin and Midland counties. Ecopetrol will pay $750 million in cash at closing and $750 million of carried capital in exchange for 49 percent interest in the JV. […]
Vision Shift
Unprecedented growth in the Basin calls for an extensive road plan overhaul. By Julie Anderson As a 37-year resident of Odessa and now Ector County’s chief administrative officer, County Judge Debi Hays is proud of the contribution the Permian Basin makes not only to the Lone Star State, but to the nation. In fact, she […]
Basin Traffic: What’s to Be Done?
By Paul Wiseman There was a wreck on I-20 along my the way to a meeting about road safety. I’m not sure if that’s ironic or just appropriate. Just before I left Midland to head to the quarterly meeting of the recently-formed Permian Basin Road Safety Coalition, I received the following email from them: “Traffic […]
2019 slump in drilling rig count continues in U.S., Permian Basin
The count of active oil and gas drilling rigs has declined five straight weeks in the U.S. and four straight weeks in the Permian Basin as of May 10 as the 2019 slump for activity continues, according to Baker Hughes. The count was 988 (fewest since March 2018) in the U.S. – the third straight […]
Concho, Frontier agree to joint venture in northern Midland Basin
Midland-based Concho Resources and Tulsa-based Frontier Midstream Solutions said last week they formed a joint venture, Beta Crude Connector, to build and provide crude oil gathering, transportation and storage in northern Midland Basin. Frontier will be operator with initial flows scheduled mid-2019. The new system will be comprised of 100-mile gathering system, 250,000 barrels of […]
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