My family moved to Odessa in 1949, just a year after George Bush moved his family there. George went to work peddling “rope, soap and dope” for one of the oilfield supply houses while my dad began building tanks for the National Tank Company. The Bushes left for Midland shortly after we arrived in town. […]
Goodnight Midstream starts construction of new SWD facility
Dallas-based Goodnight Midstream said last month it started construction of an additional injection facility to service its expanding pipeline network in DeWitt and Atascosa counties. The Rooster saltwater disposal facility near Yorktown serves both piped and trucked volumes. Upon completion, Goodnight Midstream will operate more than 500 miles of oilfield wastewater pipelines and 58 saltwater […]
Railroad Commission, EPA combine to redevelop abandoned sites
Brownfields grants from the U.S. Environmental Protection Agency offered through the Railroad Commission of Texas are helping redevelop abandoned oil and gas sites. The Midland Reporter Telegram said recently the commission’s Brownfields Response Program includes a previously abandoned oilfield site near Andrews that now is a bird-viewing park with a path and lagoon. Leslie Bruce, […]
U.S. continues to emerge as net exporter of petroleum products
U.S. stockpiles of commercial crude oil declined by 4.9 million barrels the last week of November as the nation continues to emerge as a net petroleum exporter. The Houston Chronicle said Dec. 4 the U.S. is producing a record 12.9 million barrels of crude oil a day and exporting nearly a quarter of that crude […]
Texas Tribune panel talks about quality of life in Permian Basin
Tuesday’s panel discussion in Odessa on the impact of the oil and gas industry in Texas focused on quality of life issues. Panelists said the success of the industry in west Texas has had consequences, including wear-and-tear on regional roads, lack of affordable housing, and strains on area schools and healthcare systems. Ben Shepperd, president […]
U.S. rig count plunges 25.7 percent in past 12 months to 799 from 1,075
The count of active oil and gas drilling rigs remained flat in the past week in New Mexico (103 rigs), but Texas and the Permian Basin each lost 5 rigs. As of Dec. 6, according to Baker Hughes, Permian Basin declined to 400 (489 a year ago), and Texas also fell to 400 (529 a […]
Oil industry in New Mexico contributes to expected $797 million surplus
State government income is expected to outpace spending by $797 million for the coming fiscal year in New Mexico, according to the Associated Press. Economists from three state agencies and the legislative budget office presented a forecast of state revenue this week before the legislature meets Jan. 21 for a 30-day session. Revenues are expected […]
Drillinginfo: Average cost of state-of-the-art drilling rig reaches $25 million
Enverus’ Drillinginfo said last week new state-of-the-art drilling rigs are estimated to cost about $25 million each based on a recent announcement by Abu Dhabi National Oil Co. “We do not look for many new rigs to enter the U.S. market any time soon given the softening environment,” Enverus said Dec. 5. Abu Dhabi National […]
Chevron’s $20 billion budget for 2020 includes $4 billion for Permian Basin
San Ramon, Calif.-based Chevron said Tuesday it will keep its annual capital and exploration budget flat at $20 billion in 2020, including about $4 billion for Permian Basin. Chevron said it will allocate more money to oil projects in Permian Basin, deepwater Gulf of Mexico and Kazakhstan and cut funding to natural gas projects such […]
Construction completed on Altus Midstream’s Diamond cryo complex
Construction has been completed on the third cryogenic natural gas processing train at Diamond cryo complex in Alpine High, Altus Midstream’s plant in southern Reeves County. Oil & Gas Journal said Dec. 4 that Saulsbury Industries of Odessa constructed the gas processing units with capacity of 200 MMcfd each along with associated liquid stabilization, slug […]
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