Houston-based pipeline operator Enterprise Products Partners will offer two-way shipping starting May 1 on its crude oil pipeline connecting Texas coast and storage terminals in Cushing, Oklahoma. Houston Chronicle said the move “may give oil companies more storage options.” Seaway pipeline was designed to move crude from Oklahoma to markets near Houston, but in a […]
Pin Oak Corpus Christi loads first vessel at new oil dock
Pin Oak Corpus Christi received the first vessel April 15 at its newly commissioned oil dock at Port of Corpus Christi. The new dock can accommodate fully-laden bulk liquid tankers up to Suez-max class with loading rates of more than 40,000 barrels per hour. Construction of the new dock was a joint effort of Port […]
State Land Office in New Mexico to allow pause in energy production
State Land Office in New Mexico said last week it will allow crude oil and natural gas producers to temporarily stop production on state lands without penalty as the coronavirus pandemic and global price conflict continue. Ryan Flynn, executive director of New Mexico Oil and Gas Association, said, “The emergency rule to allow lessees to […]
Permian Basin idles 32 percent of rigs in past five weeks
In the past five weeks, according to Baker Hughes’ reports, there have been 135 rigs idled in Permian Basin (down 32.3 percent from six weeks earlier March 13), 146 in Texas (down 35.8 percent), 33 in New Mexico (down 28.2 percent) and 263 in U.S. (down 33.2 percent). As of April 17 there were 283 […]
Commission again delays proration vote, next meeting May 5
Railroad Commission of Texas again delayed taking action on proration of production for the state’s oil and gas industry at a meeting Tuesday. Ryan Sitton, reportedly the only commissioner who said he was ready to vote, proposed a state-mandated cut of 20 percent or about one million barrels in cooperation with other states and nations. […]
Rystad report shows record decline of fracturing operation starts
Rystad Energy said Wednesday the total number of started fracturing operations is expected to fall below 300 wells in April (about 200 in Permian Basin and less than 50 each in Eagle Ford and Bakken). That’s a decline of 62.8 percent in started fracturing operations between February and April 2020 “as the majority of public […]
So You Want to be in Safety!
Greetings and salutations to this month’s column on Safety. As you may know, I started in the oilfield in 1971. This was also the same year that OSHA (Occupational Safety and Health Administration) started up as well. It has been a long road for both of us. There is no doubt that it will continue […]
ExxonMobil reduces capex; ‘largest share of reduction in Permian Basin’
Irving-based ExxonMobil said April 7 it expects capital expenses for 2020 to be $23 billion – down about 30 percent from previously announced $33 billion. Exxon said, “The largest share of the capital spending reduction will be in the Permian Basin, where short-cycle investments can be more readily adjusted to respond to market conditions while […]
Falling rig count: Down 9.97% in Permian, 10.7% in Texas, 9.3% in U.S.
Baker Hughes’ count of active drilling rigs in U.S. declined by 62 rigs in the past week (9.3 percent) to 602 as of April 9. That’s the lowest since there were 597 rigs in December 2016 (664 a week ago, 1,022 a year ago, 1,083 to start 2019). Also in the past week, Permian Basin’s […]
Double Eagle, Parsley, Concho file drilling permits in Midland County
About 40 oil and gas companies filed 110 drilling permits with Railroad Commission of Texas in the first week of April, according to Houston Chronicle, the state’s lowest weekly total of the year. Almost 20 percent of the permits were for drilling in Midland County. Double Eagle Development of Fort Worth filed 10 permits for […]
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