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 […]

Lubbock-based SitePro, oilfield automation technology company, acquired Integrated Control Solutions, according to the Midland Reporter Telegram, to double the number of sites using technology from either company. David Bateman, chairman and co-CEO, said there are now more than 1,000 sites using the SitePro platform. SitePro was active primarily in exploration and production, and Integrated Control […]

Denver-based wastewater company Gradient Energy Services said Dec. 17 it successfully completed a project to test equipment that uses evaporation to reduce volumes of water that need to be injected underground into disposal sites. Kushal Seth, vice president, told the Houston Chronicle the project conducted on behalf of a “super major” in Permian Basin “proved […]

Permian Basin led the nation in a declining drilling rig count in the final report of 2019 by Houston-based Baker Hughes. As of Dec. 27, there were 405 active oil and gas rigs in Permian Basin (414 previous week, 486 previous year/down 16.7 percent for year), 404 rigs in Texas (418 previous week, 532 previous […]

Tulsa-based Magellan Midstream Partners said Dec. 20 it will expand its pipeline transporting gasoline to Abilene and El Paso in west Texas and on to New Mexico, Arizona and Mexico to 175,000 barrels per day from 100,000 b/d. It’s the western leg of Magellan’s refined products pipeline known as the South system. Magellan also is […]