Bloomberg reported this week that the Committee on Science, Space and Technology in the U.S. House of Representatives sent letters to 10 oil companies operating in Permian Basin asking them to disclose and stop leaks of methane.  Among the companies were Pioneer Natural Resources, ExxonMobil, Occidental Petroleum, ConocoPhillips and Chevron.  Rep. Eddie Bernice Johnson, D-Texas, […]

New Mexico led major producing states with the addition of 5 oil and gas drilling rigs in the past week, according to a weekly report Dec. 3 from Baker Hughes.  New Mexico has 88 active rigs – up 47 percent from a 2021 low of 60 in March.  Baker Hughes said there also are 283 […]

Texas’ statewide flaring fell to a record low in September, according to the latest data from Railroad Commission of Texas.  The commission said Dec. 2 the percentage of natural gas flared in Texas fell from a previous record low of 0.61 percent in July 2021 to a new record low of 0.21 percent in September […]

Oklahoma City-based Devon Energy said last month in its 3Q operations announcement that production in Delaware Basin averaged 409,000 boed (52 percent oil) in 2021Q3 – an increase of 39 percent from 2020Q3.  The growth was driven by 52 new wells that started production on Devon’s 400,000 net acres in New Mexico and Texas.  Devon […]

San Ramon, Calif.-based Chevron said in its upstream business in 2022 it will spend $8 billion on currently producing assets, including $3 billion for unconventional development in Permian Basin.  Also, its $15.3 billion capital and exploratory spending program for 2022 (20 percent more than is expected in 2021) will include $1.5 billion for other global […]

Midland-based CrownQuest Operating told Enverus that 9 of its top 10 wells for initial 24-hour rates were completed this year.  The wells are located in Glasscock, Howard and Midland counties.  In 2021Q3 three Wolfcamp wells in western Glasscock County produced initial rates of 4,539 boed (75 percent oil), 3,361 boed (88 percent oil) and 3,324 […]

Houston-based U.S. Well Services said Tuesday it agreed to a contract with operating subsidiaries of Callon Petroleum to provide electric pressure pumping in Permian Basin and Eagle Ford for up to three years.  Joel Broussard, USWS president, said, “We are excited to support Callon’s long-term completion program and build off our shared success from the […]

Wichita, Kansas-based MVP Holdings said Dec. 3 it acquired Echo Canyon Pipeline Holdings and subsidiaries to expand its crude business in southern Midland Basin.  Echo operates 190 miles of crude gathering pipelines in Crocket, Glasscock, Irion, Reagan and Upton counties.  It also owns truck-loading facilities, storage and multiple connections to major crude oil off-take pipelines. […]