The U.S. Federal Energy Regulatory Commission is creating a division to manage the growing number of applications to site, build and operate LNG export terminals. Neil Chatterjee, FERC chairman, said the new FERC office will include 20 existing LNG staff members in Washington, D.C., and 8 additional staff members in Houston, where there will be […]
U.S. rig count declines for 6th straight week; Permian adds rigs again
The count of active oil and gas rigs in the U.S. declined for the sixth straight week as of Aug. 9, according to Baker Hughes, while rig counts in Permian Basin and New Mexico increased again. Permian Basin added 2 rigs in the past week for a new total of 444 (485 a year ago), […]
Enterprise, Chevron reach agreement for crude oil transportation, storage
Houston-based Enterprise Products Partners said July 30 it has executed an agreement with Chevron USA for crude oil transportation and storage. Enterprise said the agreement will support expansion of its crude oil system from Permian Basin to its ECHO terminal in Houston. George Neal, president of Chevron’s supply and trading division, said, “These agreements support […]
Altus Midstream acquires interest in Shin Oak NGL pipeline
Houston-based Altus Midstream said July 31 it has closed on a transaction to acquire 33 percent equity interest in the subsidiary of Enterprise Products Partners that owns Shin Oak NGL pipeline. The 658-mile pipeline, placed into service in February, transports NGL production from Permian Basin and other plays to Enterprise’s NGL fractionation and storage comlex […]
Concho Resources, Solaris Water form joint venture for produced water
Midland-based Concho Resources and Houston-based Solaris Water Midstream said July 31 they are forming a joint venture for produced water management in northern Delaware Basin. Concho is contributing 13 saltwater disposal wells and 40 miles of produced water gathering pipeline, and Solaris is contributing cash and an equity ownership in its parent company. Solaris will […]
Basic Energy Services starts subsidiary to transport, dispose of wastewater
Fort Worth-based Basic Energy Services said Aug. 1 it is launching a subsidiary to transport and dispose of oilfield wastewater in Pemian Basin and other shale plays. Monroe Patterson, CEO, said Agua Libre Midstream will receive assets of Basic’s water services division, including 86 saltwater disposal wells along with wastewater pipelines across the U.S. Analyst […]
Grand Prix NGL pipeline by Targa starts full operations
Houston-based Targa Resources said last week it commenced full operations of its $1.4 billion Grand Prix NGL pipeline from Permian Basin to Mont Belvieu. Targa reported Aug. 8 initial flows of 150,000 to 170,000 barrels per day and added, “Our expectation is for volumes to increase to approximately 200,000 barrels per day in September, then […]
Innovators
Wells and technology both get more complex. Companies are applying their best minds, and best thinking, to the task of staying up with the changes. By Paul Wiseman “Sometimes I think—me personally, or WellWorx or the industry—that we’ll run out of ways to innovate or we’ll run out of good ideas,” said Matt Raglin, founder […]
Permian Basin, Texas lead rig count; Oklahoma “hit hard by slump”
Texas remains the U.S. leader in count of active drilling rigs with 455 (454 previous week, 524 previous year), and New Mexico increased its lead over Oklahoma as No. 2. As of Aug. 2, according to Houston-based Baker Hughes, there were 107 rigs in New Mexico (109 previous week, 102 previous year) and 88 in […]
Denver’s Felix Energy files permits for 21 wells in Loving County
According to permits filed with the Railroad Commission of Texas, Denver-based Felix Energy plans to drill 21 horizontal wells on its Smoking Joe lease in Loving County, the Houston Chronicle reported earlier this week. The wells include 16 targeting the Phantom field of the Wolfcamp formation and 5 targeting the Two Georges formation of Bone […]
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