Chevron said Thursday it will not submit a new bid for The Woodlands-based Anadarko Petroleum, allowing Occidental Petroleum to acquire Anadarko’s prized assets in Permian Basin and remain the Permian’s top producer for the foreseeable future. The decision by San Ramon, Calif.-based Chevron ends a takeover battle after Anadarko initially agreed to be purchased by […]
Weir opens new service center in David Mims Business Park
Weir Oil and Gas, an international company that serves the upstream market, opened a $30 million service center in David Mims Business Park last week. The service center of 92,000 square feet combines Weir’s three Permian Basin facilities into one location for 150 employees. The new plant offers pressure pumping and pressure control assembly, repair […]
Danos to construct central tank battery in Midland
Gray, La.-based Danos said April 10 it has been awarded a contract to construct a central tank battery in Midland for an unnamed Texas-based independent exploration and production company. Danos’ Amelia Integrated Services will fabricate pipine and structural components that will be shipped to the installation site for assembly and construction. The three-month project will […]
Chevron acquires Anadarko to create Permian’s biggest producer
Chevron’s pending acquisition of The Woodlands-based Anadarko for total transaction value of $50 billion increases Chevron’s Permian Basin output by about 50 percent, according to drillinginfo, and makes it the largest producer in the basin. Anadarko’s Delaware Basin acreage is in the heart of Chevron’s holdings in the basin, creating a 75-mile-wide corridor that allows […]
NextDecade reaches 20-year LNG agreement with Shell NA
Houston-based NextDecade said April 1 it has entered into a 20-year LNG supply agreement with Shell NA. The agreement with Shell is for two million tonnes per year of liquefied natural gas from NextDecade’s Rio Grande LNG export project (27 million tonnes per year) in Brownsville. NextDecade said the agreement is “the first-ever long-term contract […]
Callon Petroleum sells non-core assets in Midland Basin
Houston-based Callon Petroleum said Monday it has reached agreement to sell certain non-core assets in the Midland Basin for an initial price of $260 million. The assets include Callon’s Ranger operating area in the southern Midland Basin of 9,850 net Wolfcamp acres, more than 80 producing horizontal wells, and 70 net delineated locations. Daily production […]
Texas ends 12 weeks of declining rig counts by adding 8 for 499
A 12-week streak of declining rig counts in Texas ended with Baker Hughes’ April 5 report that the state added 8 in the previous week to reach 499 active rigs. Baker Hughes said rigs also were added in Permian Basin, New Mexico and U.S. in the past week. As of April 5 there were 462 […]
Study of water issues by Drillinginfo, B3 Insight to be released
The first volume of a study of water issues in the Permian Basin is expected to be released to subscribers next month by Drillinginfo, an oilfield data company, and B3 Insight, a water data company. A lack of pipeline infrastructure to move crude oil and natural gas to market was previously considered the primary constraint […]
EagleClaw Midstream begins operations at Pecos Bend IV plant
Midland-based EagleClaw Midstream, a portfolio company of Blackstone Energy Partners and I Squared Capital, said last week it started commissioning its fourth cryogenic processing plant, Pecos Bend IV, with full operation scheduled next month. The completion of Pecos Bend IV will increase EagleClaw’s total interconnected processing capacity in the Delaware Basin to 1.3 Bcfd. EagleClaw […]
New And Noteworthy
Fresh offerings of products and services for the oil and gas set. You Load 60 Tons? What Do You Get? You get this hook. Expanding its line of high-quality, forged rigging hooks, Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, now offers high-capacity rigging hooks with capacities ranging […]
- « Previous Page
- 1
- …
- 8
- 9
- 10
- 11
- 12
- 13
- Next Page »