With the gavel set to fall in the Land of Enchantment, the Second Session of the 54th New Mexico Legislature brings with it several unknowns. However, one constant remains: the contribution of the oil and gas industry to the state budget. The New Mexico Legislature convenes in Santa Fe on the third Tuesday in January […]
Baker Hughes, 2 others form partnership to develop AI for energy industry
Houston-based oilfield services company Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3:ai last week said they have agreed to partner to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure, a leading cloud computing platform. Baker Hughes’ announcement said the alliance “will enable customers to streamline the adoption […]
Crude oil production to grow in Permian to 4.727 million b/d in December
Production of crude oil in Permian Basin is expected to grow another 57,000 barrels per day in December, according to the U.S. Energy Information Administration, to reach 4.727 million b/d while other regions contract. Seven major producing regions will grow by a total of 49,000 barrels per day in December to 9.133 million b/d. Natural […]
Shell files for well permits on University Lands in Winkler County
European oil major Royal Dutch Shell recently filed for six horizontal drilling permits in Permian Basin with the Railroad Commission of Texas, including three on leases in Winkler County managed by state-owned mineral rights company University Lands. Royalties from those three wells will benefit the University of Texas and Texas A&M University systems from the […]
HollyFrontier to build new renewable diesel plant in Artesia, N.M.
Dallas-based HollyFrontier said Nov. 18 it will build a renewable diesel unit at its Navajo refinery in Artesia, N.M. The new RDU will have production capacity of about 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable feedstocks into renewable fuel. With accompanying rail infrastructure and storage tanks, according […]
More than half of nation’s rigs drilling in Permian Basin
For the fifth straight week, Permian Basin is home of more than half of the nation’s active oil and gas drilling rigs. Baker Hughes said as of Nov. 22 there were 406 rigs in Texas (408 previous week, 493 previous year) and 803 rigs in U.S. (806 previous week, 1,079 previous year). New Mexico continues […]
FERC approves four liquefied natural gas export projects in Texas
Federal Energy Regulatory Commission last week approved permits for four liquefied natural gas export projects in Texas, including three in Brownsville and one in Corpus Christi. Neil Chatterjee, FERC chairman, said, “The commission now has completed its work on applications for 11 LNG export projects in the past nine months, helping the U.S. expand the […]
Just a Click Away
A sign of the times: eCommerce reaches the oil patch. As much as Amazon revolutionized the business-to-consumer market by offering an online marketplace that has largely left the brick-and-mortar business model crumbling in ruins, the oilfield marketplace has largely continued on in time-tested fashion, as follows: A buyer looking for pumps or valves gets out […]
Repsol acquires Eagle Ford position in joint venture from Equinor
Madrid-based oil and gas firm Repsol reportedly will acquire Equinor’s 63 percent interest in a joint venture of 69,000 net acres in Eagle Ford Shale for $325 million. The deal allows Norway’s Equinor, previously known as Statoil, to focus on production in Gulf of Mexico. Oil & Gas Journal said the acreage jointly held by […]
Led by Lea and Eddy counties, New Mexico reverses rig count decline
New Mexico, with Permian Basin’s two leading counties, reversed a five-week decline in count of active oil and gas drilling rigs, according to Baker Hughes’ report of Nov. 15. New Mexico had fallen from 113 rigs as of Oct. 14 to 104 as of Nov. 8, but added a rig to 105. Also as of […]
- « Previous Page
- 1
- …
- 198
- 199
- 200
- 201
- 202
- …
- 241
- Next Page »