A surge in construction jobs continues in New Mexico thanks to the oil and gas industry, according to the Santa Fe New Mexican. Industry group Associated General Contractors of America said New Mexico added 4,300 construction jobs in one year from August 2018 to August 2019 to reach 51,000 construction jobs. The New Mexican said […]
All seven U.S. regions post declines in drilled but uncompleted wells
All seven major oil- and gas-producing regions in the U.S. posted declines in the count of drilled but uncompleted wells (DUC) in September. Anadarko (down 59 DUC wells from August) and Permian (down 49 DUC wells to 3,668) led the declines from the previous month. Across the U.S., there were 7,740 DUC wells in September […]
Texas marks consecutive weeks of rig count gain for first time since April
Texas recorded consecutive weeks of gains in count of active oil and gas drilling rigs as of Oct. 18 for the first time since April. Baker Hughes said Texas added 3 rigs in the previous week for a new total of 423 (540 a year ago) after adding 6 rigs in the Oct. 11 report […]
Birch Resources files permits for 19 horizontal wells in Martin County
Houston-based Birch Resources has filed permits with the Railroad Commission of Texas to develop 19 horizontal wells targeting Spraberry at depths of up to 9,100 feet on the company’s Big Jay lease near Lenorah in Martin County. Houston Chronicle said Birch has filed a total of 74 drilling permit this year – all of them […]
Salt Creek commissions second cryogenic processing plant in Pecos
Houston-based Salt Creek Midstream, portfolio company of funds managed by Ares Management and ARM Energy Holdings, last week said its Pecos II cryogenic processing plant is now in service. The plant with capacity of 200 MMcfd is Salt Creek’s second cryogenic processing facility in Pecos. Salt Creek now has 400 MMcfd of installed natural gas […]
Enterprise to expand ATX pipeline from Appalachia to Texas
Houston-based Enterprise Products Partners said Monday it will expand its Appalachia-to-Texas ethane pipeline. The ATX pipeline of 1,200 miles transports ethane from Marcellus-Utica region of Ohio, Pennsylvania and West Virginia to EPP’s natural gas liquids storage complex in Mont Belvieu east of Houston. Current capacity is 145,000 barrels per day, and Enterprise said it is […]
PBPA to conduct annual meeting Oct. 23-24 in Midland
The 57th annual meeting of Permian Basin Petroleum Association is scheduled next week in Petroleum Museum and Bush Convention and Civic Center in Midland. Speakers during the meeting Oct. 23-24 will include Wayne Christian, commissioner of the Railroad Commission of Texas, and Stephanie Garcia Richards, land commissioner of New Mexico.
Baker Hughes: Texas adds rigs for first time since August
Both U.S. and Texas reversed two-month declines in Baker Hughes’ count of active oil and gas drilling rigs. As of Oct. 11, Texas had the largest gain among states in the past week with 6 rigs added to raise its total to 420 (532 a year ago). And across the U.S. there was 1 additional […]
Joint venture of Rattler, Oryx to acquire Reliance Gathering
Midland-based Rattler Midstream, subsidiary of Diamondback Energy, and Oryx Midstream, portfolio company of Stonepeak Infrastructure Partners, said their joint venture has agreed to acquire Reliance Gathering for $355 million. The deal is expected to close in 2019Q4. The acquired system includes more than 230 miles of gathering and regional transportation pipelines and about 200,000 barrels […]
Parsley, Jagged Peak reach merger agreement for Permian assets
Austin-based Parsley Energy and Denver-based Jagged Peak Energy said Monday they have reached a merger agreement calling for Parsley to acquire Jagged Peak in an all-stock transaction valued at $2.27 billion. Parsley will own 77 percent of the combined company after closing in 2020Q1. Parsley will have about 267,000 net acres in Permian Basin, including […]
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