Dallas-based Producers Midstream II announced plans Monday for its Palo Duro pipeline from Nolan County north to Wheeler County to connect with multiple interstate pipelines.  It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin.  Palo Duro will be a […]

Rig counts in U.S. and Permian Basin declined for the ninth straight week, according to the weekly report of June 27 from Baker Hughes.  There were 547 rigs in U.S. (down 7 from 554 previous week, down 34 or 6 percent from 581 year ago) and 270 rigs in Permian Basin (down 1 from 271 […]

Texas oil and gas companies face new deadlines to plug inactive wells after Gov. Greg Abbott signed Senate bill 1150 into law June 20.  Texas Tribune said it’s “the first legislation in years toward addressing the growing environmental problem for which the state’s taxpayers have become increasingly responsible.”  SB 1150, written by Sen. Mayes Middleton, […]

Tyler-based Mewbourne Oil Co. moved to second in Enverus’ latest list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements in 2024.  Mewbourne, founded in 1965, coordinates its operations in Permian Basin from offices in Midland and Hobbs, N.M. Continental Resources, […]

U.S. crude oil production reached a record of 13.47 million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. Energy Information Administration.  That topped the record of 13.45 million b/d from March.  EIA said in Texas, the nation’s top producing state, oil production increased by 1.8 percent to 5.77 million b/d […]

Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.”  Hart said Blackbeard shied away from more expensive deals in Delaware and Midland basins – land tightly held by supermajors and large independents.  The report added, […]

Houston-based 1PointFive, subsidiary of Occidental Petroleum, said Tuesday that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal credits over 10 years enabled by direct air capture.  The CDR credits for JPMorganChase will be produced from STRATOS, 1PointFive’s first DAC facility in Texas that is scheduled to start this year.  STRATOS is under construction in […]

U.S. Department of Interior last week released a report from U.S. Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. public lands.  Doug Burgum, interior secretary, said June 18, “American energy dominance is more important than ever, and this report underscores the critical role science plays in […]