Houston-based Primus Green Energy and an unidentified global petrochemical company awarded a contract to Houston-based IHI E&C International Corp. for a front-end engineering and design study for a first-of-its-kind natural gas-to-gasoline plant in Texas. The proposed plant will consume 28 MMcfd of natural gas to produce 2,800 b/d gasoline. Primus said Dec. 11 the plant […]
Matador to begin drilling in Stateline lease acquired from BLM
Dallas-based Matador Resources received 14 drilling permits for its Stateline asset area in southern Eddy County, N.M., from the Bureau of Land Management. Matador said Dec. 17 it now has 24 permits to drill oil and natural gas wells on federal leasehold it acquired from BLM in its New Mexico lease sale in September 2018. […]
Getting a Lift
“People out here will argue that a rod pump will draw a well down further than any other method of artificial lift,” said Jay Miller, vice president of gas lift for Midland-based Production Lift, “and that is true if the rod pump can be positioned at the true vertical depth of the well.” But the […]
In a Philanthropic Spirit
MIDLAND, TEXAS—In a special event hosted by the Association of Fundraising Professionals / Permian Basin chapter, a select group of philanthropic-minded folks were feted at the Petroleum Club in this city on Nov. 19. This “National Philanthropy Day” celebration recognized deserving individuals and groups who have generously bettered their communities and their fellow human beings. […]
In Session: 2021
The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year. These biennial sessions are limited to 140 days. The governor has the authority to call special sessions as necessary, which cannot exceed 30 days. The 87th Texas Legislature is set to meet January […]
U.S. crude oil production growth slows to 30,000 barrels per day in January
Crude oil production leader Permian Basin is expected to add an additional 48,000 barrels of production per day next month to reach 4.742 million barrels of crude oil per day, according to the drilling productivity report of Dec. 16 for seven major regions by the U.S. Energy Information Administration. Because of contractions in most other […]
Karr Ingham’s Texas Petro Index declines again to below 200
The Texas Petro Index by petroleum economist Karr Ingham declined for the eighth straight month in October and fell below 200 for the first time since 2010. The index, based on a comprehensive set of industry economic indicators, was 196.9 for October (base 100 in January 1995). The index started the year at 212.5 in […]
Interim charges in Texas House include oil and gas wastewater study
Interim charges to committees in the Texas House of Representatives include a joint charge to the energy resources and ways and means committees to study the status of recycling and reuse of produced oil and gas wastewater and evaluate methods to incentivize these processes. Speaker Dennis Bonnen also requested that the energy resources committee study […]
Baker Hughes to power Texas facilities with renewable souces wind, solar
Houston-based Baker Hughes said Dec. 11 it signed a 10-year agreement with French-owned power company EDF Energy to get 100 percent of electricity for its 170 facilities in Texas from renewable sources wind and solar. Baker Hughes said the power will come from the White Mesa wind farm of Apex Clean Energy near the west […]
Baker Hughes: Rig count rebounds in Permian Basin, Texas and U.S.
Baker Hughes’ count of active oil and gas drilling rigs rebounded in the weekly report for Dec. 20 for the first gains in Permian Basin, Texas and U.S. since October. Baker Hughes said there were 414 rigs in Permian Basin (400 a week ago, 486 a year ago), 418 in Texas (400 previous week, 531 […]
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