The Texas Oil and Gas Association said this week the industry paid a record $16.3 billion in 2019 in taxes and royalties to the State of Texas, county governments and school districts. Todd Staples, president, told reporters Tuesday, “Despite the challenges associated with the global marketplace, state and local taxes and state royalties shattered records […]

New maps and geologic information for Bone Spring in the Delaware Basin have been released by U.S. Energy Information Administration. Stonnie Pollock, president of the West Texas Geological Society, told the Midland Reporter Telegram that the information “appears to be more generalized information pulled together from public information sources.” EIA reportedly reviewed data from 22,000 […]

International steel pipe manufacturer Tenaris said Jan. 2 it closed a previously announced transaction to acquire IPSCO Tubulars, a U.S. manufacturer of steel pipe, from Russian steel maker PAO TMK for $1.067 billion. Also, Tenaris’ announcement said the parties entered into a six-year distribution agreement whereby Tenaris will be the exclusive distributor of TMK’s OCTG […]

Baker Hughes’ weekly count of active oil and gas drilling rigs started 2020 where it spent most of 2019 – with declining counts in Permian Basin, Texas, New Mexico and U.S. The U.S. count lost 9 rigs in the past week to return to below 800 at 796 (it also was below 800 in early […]

Houston-based Infrastructure Networks and Finnish cell phone equipment giant Nokia said this week they are partnering to bring fifth generation mobile data services to the Permian Basin and three other industry regions. INET said Tuesday it completed a major expansion of its private LTE network – adding capacity in existing areas, doubling geographic coverage, and […]

Dallas-based Oilfield Water Logistics said this week it acquired 23 saltwater disposal wells and 300 miles of oilfield wastewater gathering pipelines in the Delaware Basin of southeastern New Mexico from “a major Permian Basin oil producer.” The Houston Chronicle reported Wednesday that the seller was Houston-based EOG Resources. OWL’s announcement also said the two parties […]

U.S. Department of Energy said last month Texas is No. 1 for wind energy production with about 27 gigawatts of installed capacity. The nation reached a milestone in 2019 of 100 gigawatts of installed wind energy capacity. (One gigawatt provides power for 700,000 homes.) Producers were expected to add another 7.2 gigawatts of capacity in […]

A recent report from research firm IHS Markit said drilling in Permian Basin must accelerate to maintain current production volumes. According to the Houston Chronicle, the report said shale wells deplete faster that conventional vertical wells so more drilling is required to maintain higher production. Because drilling activity is declining in Permian Basin – and […]