Calgary-based Qube Technologies said recently TRP Energy committed to deploy Qube emissions monitoring technology at its 25 facilities in Permian Basin.  Qube provides oil and gas producers with “a low-cost and accurate solution” using fixed sensors on site that continuously monitor multiple gases for leaks.  Data collected by the sensors are analyzed using advanced algorithms […]

Dallas-based Matador Resources said April 26 it averaged monthly production of more than 100,000 boed in March for the first time in the company’s history.  And Matador said it expects to continue to average above 100,000 boed for the remainder of 2022.  In February in Lea County, N.M., Matador turned to sales 11 new Voni […]

Irving-based ExxonMobil said last week about 200 million cubic feet per day of natural gas produced in its Permian Basin facilities at Poker Lake, N.M., have been independently certified and received the top grade for methane emissions management.  The certification from MiQ helps Exxon meet customer demand for energy produced with fewer emissions.  Tom Schuessler, […]

San Ramon, Calif.-based Chevron said last week it raised 2022 production growth in Permian Basin to 15 percent after Q1 when Chevron continued its recovery from the 2020 global pandemic.  Permian unconventional production grew to a record 692,000 boed in 2022Q1, and chairman and CEO Mike Wirth said he expects production to increase to 700,000 […]

Baker Hughes’ count of active oil and gas drilling rigs remained flat for the week that ended April 22 in Permian Basin, Texas and New Mexico.  U.S. added 2 rigs in the previous week to reach 695 (438 a year ago).  There were 334 rigs in Permian (226 year ago), 346 in Texas (211 year […]

Two laterals completed in December 2021 by ConocoPhillips in Upton County delivered a cumulative average of 170,821 boe (1,898 boed) per well in their first three months – Conoco’s highest in Upton County.  The two wells averaged 15,596 feet.  During a 24-hour test the wells delivered an average of 3,631 boed (85 percent oil).  Enverus […]

Crude oil production in Permian Basin continues to grow in forecasts by U.S. Energy Information Administration.  EIA said in its drilling productivity report of April 18 that production in May in Permian Basin is expected to reach 5.137 million barrels per day – 82,000 above April production of 5.055 million b/d.  Across the seven major […]

U.S. Department of Energy said last week it awarded contracts to 12 companies for 30 million barrels from the nation’s strategic petroleum reserve.  The emergency sale was conducted to support American consumers and the global economy in response to the war in Ukraine.  President Joe Biden authorized the release of one million b/d from the […]

Austin-based Infinity Water Solutions said last week it started construction of Mills Ranch #1, a commercial recycling facility in central Eddy County in northern Delaware Basin.  It’s Infinity’s second New Mexico-based, commercially permitted facility for receipt, storage, handling, treatment and recycling of nonhazardous produced water from oil and gas production.  Mills Ranch #1 will introduce […]