Permian Basin added rigs for the third straight week as of Feb. 28 in Baker Hughes’ weekly report of active oil and gas drilling rigs amid reports of continued record production in U.S., rising exports and sinking global demand. Permian added 2 rigs in past week for a new total of 411 (466 a year […]
Cimarex to spend 90 percent of drilling/completion budget in Permian
Denver-based Cimarex said Feb. 19 it will spend more than 90 percent of its drilling and completion capital investment of $950 million to $1.05 billion in 2020 in the Permian Basin. The company plans for a total of 77 wells on production in 2020, including 25 in 2020Q3, in Permian Basin. Permian activities will focus […]
Sharing Her Vision: A Basin Thought Leader
A PBPA Q&A with Vicki Hollub, President and CEO, Occidental Petroleum Corporation Occidental is the largest producer in the Permian Basin, and the company has been a valued operator in the region and member of the Permian Basin Petroleum Association. Tell us about Occidental’s business in the region. We are proud to be the No. […]
Rig counts unchanged in Permian Basin, Texas, U.S.
Perhaps a sign of a holiday slowdown, counts of active drilling rigs in Permian Basin, Texas and U.S. were unchanged in the past week as of Dec. 13, according to Baker Hughes. There were 400 rigs in Permian (486 a year ago), 400 rigs in Texas (532 a year ago) and 799 rigs in U.S. […]
Texas Tribune panel talks about quality of life in Permian Basin
Tuesday’s panel discussion in Odessa on the impact of the oil and gas industry in Texas focused on quality of life issues. Panelists said the success of the industry in west Texas has had consequences, including wear-and-tear on regional roads, lack of affordable housing, and strains on area schools and healthcare systems. Ben Shepperd, president […]
U.S. rig count plunges 25.7 percent in past 12 months to 799 from 1,075
The count of active oil and gas drilling rigs remained flat in the past week in New Mexico (103 rigs), but Texas and the Permian Basin each lost 5 rigs. As of Dec. 6, according to Baker Hughes, Permian Basin declined to 400 (489 a year ago), and Texas also fell to 400 (529 a […]
Crude oil production to grow in Permian to 4.727 million b/d in December
Production of crude oil in Permian Basin is expected to grow another 57,000 barrels per day in December, according to the U.S. Energy Information Administration, to reach 4.727 million b/d while other regions contract. Seven major producing regions will grow by a total of 49,000 barrels per day in December to 9.133 million b/d. Natural […]
More than half of nation’s rigs drilling in Permian Basin
For the fifth straight week, Permian Basin is home of more than half of the nation’s active oil and gas drilling rigs. Baker Hughes said as of Nov. 22 there were 406 rigs in Texas (408 previous week, 493 previous year) and 803 rigs in U.S. (806 previous week, 1,079 previous year). New Mexico continues […]
Baker Hughes: Texas adds rigs for first time since August
Both U.S. and Texas reversed two-month declines in Baker Hughes’ count of active oil and gas drilling rigs. As of Oct. 11, Texas had the largest gain among states in the past week with 6 rigs added to raise its total to 420 (532 a year ago). And across the U.S. there was 1 additional […]
Shrinking the Footprint
The business of environmental services keeps evolving into something more akin to a real business function, and less like an onerous duty. The trend is driven partly by conscience and partly by receptivity to change. The days in which “environmental” was a dirty word in the oil patch are long gone, say the experts. More […]
