Fort Worth-based Wheat Energy Partners, founded in 2018, filed permits to drill its first projects in Delaware Basin. Houston Chronicle said Wheat Energy filed permits with Railroad Commission of Texas for four horizontal wells in Reeves County targeting Wolfcamp to total depth of 14,000 feet. The Chronicle said Wheat Energy “is choosing to drill its […]
What a Difference a Month Makes
Be proactive, or better still, don’t repeat the mistakes of the past. In April, I wrote about finding a new job. Now I find that my advice may be ridiculous because with the possibility of so many being unemployed, any new job may do. I write these articles two months in advance and, consequently, I […]
Concho to average 8 rigs for remainder of 2020; Kermit sand plant idled
Midland-based Concho Resources said last week it is again reducing capital spending for 2020 to $1.6 billion (40 percent below original budget) and complete about 110 to 130 gross operated wells. Concho said April 30 it expects to average about 8 rigs for the remainder of the year. First quarter oil production totaled 209,000 b/d […]
Commission allows temporary storage of oil in other underground places
Railroad Commission of Texas voted at its meeting this week to allow companies to store crude oil underground in places other than salt caverns. “This order does not suspend any rule that protects public safety, health or the prevention of pollution,” chairman Wayne Christian said Tuesday. Associated Press said the new rule, proposed by the […]
Commission asks oil recovery task force to study flaring
Railroad Commission of Texas, at its meeting this week, asked the recently-appointed task force on economic recovery to study flaring. “Flaring is an ongoing problem for the oil and gas industry,” chairman Wayne Christian said Tuesday. “The problem of flaring and its perception has caused a lot of financial problems. The issue is not going […]
U.S. idles 385 of 793 rigs (49 percent) during 8 straight weeks of decline
During the eight-week decline in count of active oil and gas drilling rigs, U.S. operators have idled 385 rigs to fall from 793 rigs to 408 in Baker Hughes’ report of May 1. There have been seven-week declines in Permian Basin (down 199 rigs from 418 to 219), Texas (down 207 rigs from 408 to […]
Railroad Commission dismisses proposal to limit oil production in Texas
Railroad Commission of Texas decided this week that it will not require cutbacks in crude oil production by Texas operators to address depressed prices during global oil oversupply. Chairman Wayne Christian and commissioner Christi Craddick voted to dismiss earlier proposals to allow prorationing by Pioneer Natural Resources and Parsley Energy and commissioner Ryan Sitton. “This […]
Gravity Oilfield Services ships storage tanks
Midland-based Gravity Oilfield Services said last week it shipped more than 1,000 storage tanks in recent weeks and has another 4,000 available to operators in Permian Basin, Eagle Ford and Haynesville. “As a result of the decline in their normal use for frac or mud tanks, we are making them available for crude oil storage,” […]
Where Will All the Water Go?
As operators in the Permian and elsewhere across the United States and around the world announce capex cuts of 50 percent or more, drilling rigs are stacking up like dry bones in the valley. A two-thirds (so far) reduction in drilling means a similar cut in frac’ing. Saltwater disposal wells (SWDs) and their attached pipelines […]
Tech Adds New Energy Degree
In March Texas Tech University announced the impending implementation of a new degree program in the university’s Energy offerings. William R. Keffer, Director of Energy Law Programs, shared the news of a new Master of Science in Interdisciplinary Studies (MSIS) in Energy. “I’m very excited to announce a new degree in energy that we’ve been […]
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