A public forum in Iraan recently gave landowners in west Texas an opportunity to hear about treatment and use of produced water from oil and gas operations. Nearly 100 people attended the town hall Oct. 2 at Iraan Civic Center. The hosts were Friends of the Pecos River and the Texas Produced Water Consortium. “There’s […]
Welspun Tubular to supply coated steel pipe for natural gas line in Permian Basin
A U.S. subsidiary of India’s Welspun Corp. said last week it won an order worth about $580 million to supply coated pipes for a natural gas pipeline in Permian Basin. The pipeline will serve a data center complex operated by an unnamed top-tier hyperscaler. Little Rock-based Welspun Tubular manufactures large-diameter steel pipes for oil and […]
ExxonMobil leads U.S. operators, Helmerick & Payne tops list of contractors
ExxonMobil continues to lead the list of top U.S. operators in the latest Drilldown Report from Enverus. As of Oct. 16 ExxonMobil reported an average of 37.3 active rigs (38.0 a year ago) followed by Devon and ConocoPhillips each with 31.0, EOG with 24.1, Continental Resources with 23.4, Occidental with 22.0 and Mewbourne Oil with […]
U.S. refinery fleet operates at higher utilization rates, led by Gulf Coast
U.S. Energy Information Administration said last week the nation’s refinery fleet has operated at higher-than-normal rates this year. Rates between May and September of refinery utilization averaged more than 95 percent of capacity – the highest for those months since 1998. EIA said Oct. 22, “Tight global product supplies this year have boosted margins for […]
New Mexico adds 2 drilling rigs last week, Permian up 8.8 percent in past year
New Mexico added 2 active drilling rigs in the past week, but there was minimal other activity in the region, according to the weekly report of Oct. 23 from Baker Hughes. New Mexico now has 98 rigs, which is down 4 from 102 in the past year. The gain of 2 was the largest among […]
Permian Basin reports more frac crews, fewer DUC wells in past year
Enverus said in its latest Drilldown Report that the numbers of frac crews in Permian Basin continue to increase. As of Oct. 16, there were 106 frac crews in Permian Basin compared to 97 the previous week and 93 a year ago. Also, there were 32 crews in Rockies, 31 in Gulf Coast and 18 […]
East Texas Water Institute formed to address the region’s water crises
The East Texas Water Institute recently was established to improve water research, bolster the labor force that supports water infrastructure, and coordinate regional water goals. The institute will reside in Nacogdoches at the Center for Applied Research and Rural Innovation at Stephen F. Austin State University. It’s a partnership of SFA, Angelina College in Lufkin […]
Power plant in Reeves County receives ninth loan from Texas Energy Fund
A natural gas-fueled power plant in Reeves County recently received the ninth loan from the Texas Energy Fund. The Pecos power plant is designed to produce 450 megawatts of new, reliable power – enough electricity to power about 110,000 Texas homes – for the grid in west Texas. It is scheduled to begin generating power […]
EnCap closes continuation vehicle with $3.5 billion for core of Permian Basin
Houston-based EnCap Investments announced Monday the closing of a continuation vehicle for EnCap Minerals and Rock River Minerals with capital commitments of $3.5 billion. EnCap said the deal is the largest upstream energy continuation vehicle to date and extends exposure to mineral and royalty assets in the core of the Permian Basin. The portfolio is […]
Kinder Morgan to invest $1.6 billion in Permian Link pipeline
Houston-based Kinder Morgan said Wednesday it will invest $4.7 billion in two joint venture pipeline projects, including $1.6 billion with subsidiary Natural Gas Pipeline Company of America for its Permian Link. The 434-mile pipeline will serve new power generation for an A-rated hyperscaler and is supported by long-term transportation agreements. Permian Link is scheduled to […]