The Woodlands-based Layne Water Midstream and the State of Texas General Land Office said Jan. 27 they are amending their agreement from 2017 to provide Layne additional exclusive rights for reuse and disposal of produced water on 88,000 acres of GLO land in Culberson and Reeves counties in Delaware Basin. The amendment will enable Layne […]

Despite a declining Texas Petro Index, economist Karr Ingham said Texas and U.S. consumers continue to benefit from plentiful, affordable energy. “The remarkable efficiencies achieved by the upstream oil and gas industry in Texas mean record and growing production with fewer employees and rigs,” Ingham said. Ingham, TPI creator and economist for Texas Alliance of […]

Count of active oil and gas drilling rigs in Permian Basin increased for third straight week in the Jan. 31 report from Baker Hughes. In the past week, Permian added 1 rig for a new total of 406 (481 a year ago, 405 to start 2020). Permian added 9 rigs in this three-week period. Counts […]

Dallas-based HollyFrontier said last week it selected Haldor Topsoe’s HydroFlex sustainable renewable fuel technology to produce clean renewable diesel from various feedstocks at its Navajo refinery in Artesia, N.M. Danish company Topsoe will license its HydroFlex technology to Artesia Renewable Diesel Co. as well as supply basic engineering, equipment, catalysts and technical services for the […]

BPX Energy, the U.S. unit of BP, is beginning to develop holdings in the Delaware Basin the parent company acquired in 2018 from BHP Billiton in a $10.6 billion deal. “The Permian will provide significant growth for us in the next five years,” Will Burton, vice president-midstream operations, told Midland Reporter Telegram. The first step, […]

Bloomberg says Exxon Mobil and Chevron have seen stock prices fall recently, but the two oil majors are focusing spending on Permian Basin “where they can build on growing domination and productivity… Nowhere are the rivals competing more intensely than in the oil-rich lands of west Texas, where companies are producing 4.8 million barrels of […]

Houston-based Altus Midstream completed startup of all three cryogenic natural gas processing trains at Diamond Cryo in Alpine High in southern Reeves County, according to a report last week in Oil & Gas Journal. Altus Midstream owns substantially all gas gathering, processing and transportation assets servicing Apache’s production in Alpine High in Delaware Basin. The […]

Production of crude oil and natural gas continues to grow in Permian Basin and Bakken while it declines in the other five major producing regions in the U.S., according to the drilling productivity report Jan. 21 from U.S. Department of Energy. Oil production in Permian is forecast to grow by 45,000 barrels per day in […]

Permian Basin added 2 rigs in the past week, according to Baker Hughes, but Texas and U.S. declined in the Jan. 24 report. Permian Basin was up 2 to 405, but down 79 in the past year. Texas had 397 active oil and gas drilling rigs (401 previous week, 517 previous year), and U.S. had […]