Midland’s Diamondback Energy led the state in filing for drilling permits for the week of June 24-30, according to Houston Chronicle. Diamondback filed 9 permits followed by 8 by Centennial Resource, 7 by Double Eagle, 6 by Ovintiv, 5 by Cimarex Energy, and 4 each by Pioneer Natural Resources, Comstock and Shell. Dutch oil major […]
Presta acquires assets in Glasscock, Howard, Midland, Pecos, Scurry
Fort Worth-based Presta Petroleum and Presta Royalty acquired properties in 30 counties in Texas and 20 counties in Oklahoma in two recent transactions. They are the sixth and seventh acquisitions of family-owned entities Presta has purchased since launch in September 2018. Presta also owns assets in New Mexico, Colorado, Arkansas and Wyoming. Permian Basin holdings […]
Pipeline completion in Mexico expected to boost gas exports from Permian
The recent completion of a natural gas pipeline in central Mexico is expected to boost exports from Permian Basin. The southern most segment of the Wahalajara system (Villa de Reyes-Aguascalintes-Guadalajara pipeline) began operations in June connecting new markets in Mexico to U.S. sources. The Wahalajara system, which receives 0.89 billion cubic feet per day, is […]
Apache accepting applications in 2020-21 tree grant program
Houston-based Apache Corp. is accepting applications until Aug. 21 in its 2020-21 tree grant program. Now in its 15th year, the program has provided more than 4.7 million trees in 17 states. Last year Apache donated 61,000 trees to 54 nonprofit agencies, including Keep Odessa Beautiful and Texas Department of Parks and Wildlife. The program […]
San Antonio companies secure funding for U.S.-Mexico projects
San Antonio companies Mirage Energy and Northern Hemisphere Logistics said June 17 they secured funding from Bluebell International for development of natural gas pipelines from Texas to Mexico, 786 bcf of underground storage and the Isthmus corridor liquids transportation project. The announcement said Mirage’s natural gas storage facility will be “the largest natural gas storage […]
Texas company debuts tanker to be used as offshore LNG import terminal
The Woodlands-based Excelerate Energy last week debuted another tanker that can be used as an offshore LNG import terminal. The Sequoia was delivered to Excelerate after construction in South Korea. Houston Chronicle said Sequoia can store 173,400 cubic meters of LNG; it belongs to a class of ships known as floating storage and regasification units […]
Texas adds 1 rig to end streak of 14 straight weeks of declining rig count
According to Baker Hughes, Texas added a rig last week to break its streak of 14 straight weeks of declining counts of active oil and gas rigs. As of June 26, Texas had 112 rigs (111 previous week, 464 previous year). The U.S. count fell for 16th consecutive week to 265 (266 previous week, 967 […]
RSEG: Flaring increases in June after decline in May in Permian Basin
RS Energy Group said June 26 that flaring intensity increased in June in Permian Basin after declining in May. RSEG estimated (with satellite data) flaring in June at 400 MMcfd for an increase of 54 percent over May. Driven by shut-ins, flaring had declined 136 MMcfd from April to May. “We believe the June increase […]
SM Energy files 8 permits in Howard, Martin counties to lead June 17-23
Denver-based SM Energy filed 8 drilling permits with the Railroad Commission of Texas during the week of June 17-23 for horizontal wells on 3 leases in Howard and Martin counties. Houston Chronicle said the wells target the Spraberry field at depths of 10,000 to 10,350 feet. Also filing 8 permits was French oil major Total […]
Hi-Crush idles plants leaving only one each in west Texas and Wisconsin
Houston-based Hi-Crush said June 25 it has idled three production and three terminal facilities since April and now has operating (at reduced rates) only its Kermit facility in west Texas and Wyeville facility in Wisconsin. Hi-Crush provides proppant and logistics services for hydraulic fracturing operations. The company also adjusted the deployment schedule for its first […]
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