Leading Midland Basin producer Pioneer Natural Resources said Nov. 4 in its quarterly financial report that currently it is operating 8 horizontal drilling rigs and 4 hydraulic fracturing fleets. Irving-based Pioneer is maintaining its 2020 drilling, completions and facilities capital budget of $1.3 billion to $1.5 billion and increasing guidance for 2020 oil production to […]

Analyst Bernadette Johnson of Enverus told members of the New Mexico’s legislative finance committee last week that she expects natural gas prices to increase in 2021, but she said demand and prices for crude oil will take longer to recover. She said Nov. 19 that the industry in New Mexico has lost 7,400 jobs since […]

New Mexico’s state land office said last week it is expanding environmental enforcement efforts to help ensure that oilfield sites are cleaned and restored as leases expire. The agency said Nov. 19 its efforts have already resulted in completed environmental reclamation at sites totaling about 11 square miles and the plugging of 9 oil wells […]

U.S. ended its streak of 9 straight weeks of increasing counts of oil and gas drilling rigs as of Nov. 20, but Permian Basin extended its streak to 5 straight weeks (and 8 of last 9). Baker Hughes said Permian has 156 rigs (154 last week), Texas has 144 (145 last week), New Mexico has […]

Enverus from RS Energy Group said last week flaring intensity in Permian Basin as measured by satellites is estimated at just under 300 MMcfd for November. Since July flaring volumes in Permian have been similar to late 2018 as operators resume production. “We expect flared volumes to remain steady as activity continues to return to […]

U.S. crude oil production from seven major regions is expected to decline in December for third straight month and by the most since May, according to U.S. Energy Information Administration. The decline is expected to be 140,000 barrels per day from November to 7.513 million b/d (lowest since June). Largest declines are 37,000 b/d in […]

Colorado Oil and Gas Conservation Commission voted unanimously this week to end routine natural gas flaring and venting and established the nation’s most stringent setback requirements for drilling near homes and schools. Dan Haley, president and CEO of Colorado Oil and Gas Association, told E&E News after Monday’s action that Colorado now has “the toughest […]

Midland-based Blue Quail Energy Services, energy services company for exploration and production companies for unconventional resources, said last week it is acquiring Fluid Delivery Solutions, one of the nation’s largest water transfer companies. The transaction will expand Blue Quail operations into Eagle Ford and Haynesville in south and east Texas and Marcellus and Utica in […]

Tulsa-based WPX Energy said Nov. 2 in its quarterly financial report that it now has 2 completion crews working in Delaware Basin after releasing all four of its crews in 2020Q2 in response to the effects of the coronavirus pandemic on energy demand and oil prices. WPX said production in Delaware Basin in 2020Q3 averaged […]

Denver-based Centennial Resource Development said Nov. 2 in its quarterly financial report that the completion of Phase II of its electric substation in 2020Q3 in Reeves County enabled it to convert wellsites from generator power to the electric grid, reduce field emissions and lower equipment rental costs. Also during 2020Q3, Centennial completed 5 previously drilled […]