Marcellus Shale in Pennsylvania and West Virginia has surpassed Permian Basin as leading U.S. destination for hydraulic fracturing crews, according to Houston investment advisory group Tudor, Pickering, Holt and Co. The firm said last week 31 percent of active crews were in Marcellus Shale followed by 30 percent in Permian Basin, and 14 percent each […]
Apache, Parsley, 3 other Texas drillers stop filing for permits
Five Texas operators – once some of the most active drillers in the state – have stopped filing for permits with Railroad Commission of Texas. Houston Chronicle reported this week that 24 companies filed 54 drilling permits during week of May 13-19 – lowest number of filings in one week this year. Chronicle said Apache, […]
Texas Petro Index of 181.8 for March declines 14.7 percent in past year
Texas Petro Index by petroleum economist Karr Ingham declined again in March to 181.8 for the 13th consecutive month. That represents a decline of 14.7 percent since the index of 213.3 a year ago in March 2019. Also in the past year, oil price (monthly average) was down 50.4 percent, natural gas price (first of […]
Cimarron Energy acquires emissions control provider Aereon
Houston-based Cimarron Energy said April 30 it completed its purchase of Austin’s Aereon, global provider of emissions control solutions and services for upstream, midstream and downstream markets. It follows Cimarron’s acquisition last year of Midland’s Hy-Bon Engineering/EDI. Aereon was formed in 2014 by combining Flare Industries and Jordan Technologies. Jeff Foster, CEO, told Midland Reporter […]
Baker Hughes: U.S. rig count falls to lowest on record since 1987
U.S. count of active oil and gas drilling rigs fell for the 10th consecutive week as of May 15 to 339 – the lowest on record since Houston-based Baker Hughes began reporting data in 1987. U.S. counts were 374 previous week and 987 previous year. U.S. oil-directed rigs fell by 34 in the past week […]
Crude production to decline in June to lowest levels since 2018
Crude oil production in seven major regions in U.S. is expected to fall to levels not seen since 2018 as operators respond to the price collapse and oversupply. Led by declines in Permian Basin, production next month is expected to fall by 197,000 barrels per day to 7.822 million b/d, according to U.S. Energy Information […]
EOG Resources takes lead in drilling permits filed in Texas
Houston-based EOG Resources resumed its status as No. 1 driller in Texas, according to a report this week in Houston Chronicle. EOG has filed 175 drilling permits with the Railroad Commission of Texas to date to overtake ExxonMobil (105). Midland’s Diamondback Energy (151) and Irving-based Pioneer Natural Resources (144) also have overtaken Exxon followed by […]
Exxon, Pioneer, 3 others launch “Project Astra” network to detect emissions
Five industry groups, including Irving companies ExxonMobil and Pioneer Natural Resources, said this week they are collaborating on a new sensor network to monitor methane emissions in Permian Basin. Officials said Project Astra could revolutionize the way leaks are found and repaired. Joining Exxon and Pioneer are Gas Technology Institute, Environmental Defense Fund, and University […]
H2S: Subtle But Deadly
Greetings and salutations my fellow safety enthusiasts. Another day and another dollar, if the oil price goes back up, lol. We’ve been through downturns before, and in all likelihood we will go through it again. I think this is the 7th downturn that I’ve experienced in my short 49 years in the Patch—give or take […]
EOG Resources to reduce 2020 drilling, production forecast
Houston-based EOG Resources, in its May 7 announcement of first quarter results, said it reduced rigs in the last six weeks from 36 to 8 and will have an average of 6 rigs for the remainder of 2020. EOG in 2020 will focus drilling in Permian Basin and Eagle Ford, produce about 390,000 b/d of […]
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