Houston-based OneEnergy Partners said Jan. 27 an affiliate acquired Midland-based Trainer Partners.  As of Dec. 31, 2021, the acquired portfolio consisted of royalties and working interests in Eddy and Lea counties in New Mexico, Roger Mills County in Oklahoma, and Andrews, Gaines, Hemphill and Midland counties in Texas.  Ahmad Salman, OneEnergy CEO, called Trainer “one […]

Houston-based-APA Corp., holding company for Apache Corp., said Monday it signed an agreement to sell mineral rights in Delaware Basin for $850 million.  The deal is expected to close this month and reduce its 2022 production by 7,000 boed (44 percent oil).  The assets cover about 70,000 net royalty acreage primarily in Reeves, Pecos and […]

Permian Basin Water in Energy Conference returns to Midland next week.  Featured speakers Feb. 22-24 will include commissioner Christi Craddick of Railroad Commission of Texas and Sen. Charles Perry (R-Lubbock).  Others on the agenda include Todd Staples, president of Texas Oil and Gas Association; Ben Shepperd, president of Permian Basin Petroleum Association; Deborah Dixon from […]

As oil prices continue to climb to their highest levels since 2014, operators are adding rigs in Permian Basin and Texas and across the U.S.  Baker Hughes said as of Feb. 11, there were 301 active drilling rigs in Permian Basin (up 7 in previous week, up 98 in previous year), 300 in Texas (up […]

Houston-based pipeline operator Targa Resources said Feb. 3 it agreed to sell its wholly owned subsidiary that holds 25 percent interest in the Kinder Morgan-operated Gulf Coast Express pipeline to an undisclosed buyer for $857 million.  Kinder Morgan Texas Pipeline, DCP Midstream and an affiliate of Targa built the GCX mainline that transports Permian Basin […]

Tulsa-based NGL Energy Partners said Feb. 2 it reached agreement to collaborate with XRI Holdings to enhance full-cycle produced water management in Permian Basin.  NGL owns and operates the largest integrated network of large-diameter wastewater pipelines, disposal wells and produced water handling systems in the Delaware Basin (1.8 million b/d), and XRI is the largest […]

ConocoPhillips executive vice president Tim Leach said Feb. 3 the company intends to move from one- to two-mile laterals on its newly acquired Shell acreage in Delaware Basin to improve rates of return and generate a 30 percent improvement in cost of supply.  Leach said Conoco will need to acquire offsetting acreage in certain areas […]

Baker Hughes reported small increases in rig counts in Permian Basin, Texas and U.S. in the past week.  As of Feb. 4, there were 294 rigs in Permian (293 week ago, 198 year ago), 287 in Texas (284 week ago, 189 year ago) and 613 in U.S. (610 week ago, 392 year ago).  New Mexico’s […]

The administration of President Joe Biden said last week it will provide a total of $1.15 billion to states to cap and clean abandoned oil and gas wells in its effort to reduce U.S. emissions and improve health and safety of nearby communities.  U.S. Department of Interior said 26 states are eligible to apply for […]