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 […]
ExxonMobil conducts methane field trials in Permian Basin
Irving-based ExxonMobil said April 9 it is conducting field trials at nearly 1,000 sites in Permian Basin of eight emerging methane detection technologies, including satellite and aerial surveillance, to further reduce methane emissions. The tests in Texas and New Mexico are evaluating effectiveness and scalability of next-generation detection technologies, including drones, planes, helicopters, and ground-based […]
Double E gas pipeline receives favorable assessment from FERC
Double E pipeline, designed to deliver natural gas from northern Delaware Basin to Waha hub in west Texas, recently received a favorable environmental assessment from Federal Energy Regulatory Commission. FERC said the project will not significantly affect the human environment. The 135-mile pipeline is jointly owned by subsidiaries of Summit Midstream Partners (70 percent) and […]
Commission hearing includes Diamondback’s “stunning” announcement
More than 20,000 people from 86 countries and 49 states watched Tuesday’s proration hearing conducted by Railroad Commission of Texas. Fifty-five people testified during the 10-hour hearing on the contentious proposal to limit production and address falling crude oil prices amid global oversupply, increasing financial losses and the demand-killing coronavirus. One of the biggest Texas […]
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