A new study commissioned by the New Mexico Oil and Gas Association and the American Petroleum Institute says the state’s oil and gas industry is expected to continue to grow at a record pace, but billions of dollars of investments in new infrastructure will be needed to get the commodities to market. The report was […]

Wyoming-based Encore Green Environmental, an agriculture company seeking to pair the oil and gas industry with the agriculture industry to reuse produced water, last month reached agreements with Cody Wilson Farms of Midkiff and Antelope Water Management of Austin. The agreements were announced by Marvin Nash, general manager of Encore, during last month’s conference of […]

Reeves County regained sole leadership of the count of active oil and gas drilling rigs in Permian Basin as of Aug. 30, according to Baker Hughes. Two rigs were added in the past week to increase Reeves’ total to 58 to edge Lea, N.M., with 55 (down 1 in last week). Other basin leaders include […]

Midland-based Concho Resources said Tuesday it has agreed to sell assets in New Mexico shelf to an affiliate of Houston startup Spur Energy Partners for $925 million. The assets include 100,000 gross acres (70,000 net) with current production of 25,000 boed and 2,500 operated wells (35 percent of Concho’s operated wells). Tim Leach, chairman and […]

San Antonio-based NuStar Energy said Wednesday it has completed three pipeline projects to expand its capacity to move Permian Basin crude oil to Corpus Christi for export and to move refined products to northern Mexico. NuStar completed the second stage of its WTI export project, a new eight-mile, 30-inch pipeline to transport crude oil from […]

Houston-based pipeline operator Kinder Morgan announced Aug. 14 a series of projects valued at $170 million at its terminals in Pasadena and Galena Park on the Houston ship channel. The projects include $125 million to boost pipeline connections and increase loading rates at the Pasadena terminal and nearby Jefferson Street truck rack and $45 million […]

Houston-based Freeport LNG Development said Aug. 20 it has started producing LNG from Train 1 at Quintana Island. McDermott International and engineering and construction partners Chiyoda International and Zachry Group said longterm contractual deliveries will begin next month after commissioning cargoes are exported. Trains 2 and 3 remain on schedule to begin operations in 2019Q4 […]

Production of crude oil in the Permian Basin is forecast to grow to 4.423 million barrels a day in September – an increase of 75,000 b/d from 4.348 million b/d in August – according to the latest drilling productivity report from U.S. Energy Information Admnistration. Permian will provide 88 percent of September growth across the […]

Reeves in Texas and Lea in New Mexico, the leading counties in Permian Basin, each lost 1 rig in the previous week for new totals of 56 as of Aug. 23, according to the latest count of oil and gas drilling rigs by Baker Hughes. And Midland in Texas and Eddy in New Mexico also […]

Global commodities trader Trafigura recently commenced shipments of crude oil from Permian Basin to Corpus Christi and Ingleside via the newly operational Cactus II pipeline. Trafigura Trading signed a longterm agreement last year with Plains All American Pipeline to transport 300,000 barrels a day on Cactus II, which has a capacity of 670,000 b/d. Deliveries […]