ExxonMobil, the top driller in Texas as measured by permits, is preparing to drill at least 45 new oil wells in west Texas, The Houston Chronicle said earlier this week ExxonMobil filed 53 drilling permits in the past week with the Railroad Commission of Texas, including 45 in west Texas. Shale drilling subsidiary XTO Energy […]
ONEOK to expand West Texas LPG pipeline in Delaware, Midland basins
Tulsa-based ONEOK said last month it plans to expand its West Texas LPG pipeline in Permian Basin. ONEOK said it will spend $145 million to develop an additional 40,000 barrels per day of capacity by 2021Q1. Since October 2017 ONEOK has announced expansions totaling 160,000 b/d on the West Texas LPG pipeline system. Terry K. […]
Permian Pass will be Kinder Morgan’s third major natural gas pipeline
In a call with investors last month, Houston-based pipeline operator Kinder Morgan said it will route Permian Pass, its newest natural gas pipeline, from west Texas to southeast Texas, in support of the liquefied natural gas industry on the Gulf Coast. The exact route is being determined. Permian Pass will be the company’s third project […]
Lucid Energy, XTO Energy reach agreement for gas gathering, processing
Dallas-based Lucid Energy said last month it has reached agreement with ExxonMobil subsidiary XTO Energy for long-term natural gas gathering and processing. XTO will deliver natural gas production from its leases in southeastern New Mexico to Lucid’s South Carlsbad gas gathering and processing system. Lucid said, “The agreement provides XTO with firm processing capacity and […]
Oxy forms JV with Ecopetrol to develop 97,000 net acres in Midland Basin
Houston-based Occidential Petroleum said last week it is forming a joint venture with Bogota-based Ecopetrol to develop 97,000 net acres of Oxy’s Midland Basin properties in Howard, Martin and Midland counties. Ecopetrol will pay $750 million in cash at closing and $750 million of carried capital in exchange for 49 percent interest in the JV. […]
Plains completes Cactus II crude pipeline, oil flows to start next week
Houston-based Plains All American Pipeline said Tuesday on its earnings call that partial crude oil flows will start next week on Cactus II pipeline from west Texas to Corpus Christi. Plains said Cactus II has been completed, and it will begin full operation in 2020Q1. The Houston Chronicle reported, “This is considered a major project […]
The Art of Control
By Paul Wiseman To be a Basin business and be a mere four years old and have almost 100 employees—this is not the typical track for a Permian startup of recent vintage. But at Van Zandt Controls, Larry Richards and team have focused small to grow big. The news is always full of stories of […]
Analyst: Almost 1,000 more salt water disposal wells needed by 2030
Raymond James & Associates analyst Marshall Adkins told clients Monday that Permian Basin will need almost 1,000 additional salt water disposal wells by 2030. Recycling efforts currently can’t handle the 17.5 million barrels per day of “dirty” water produced in the Permian Basin, Adkins said. “As crude production grows, produced ‘dirty’ water grows even faster. […]
Energy revenue tops $1 billion for New Mexico State Land Office in FY 2019
State Land Office in New Mexico said last month it expects to receive about $1.1 billion in revenue from energy development in fiscal year 2019. That’s an increase over the record $852 million in FY 2018. Funds will become available this fall when oil and gas royalties are collected. Stephanie Garcia Richard, state land commissioner, […]
U.S. rig count down 8 in past week, Texas unchanged, New Mexico adds 2
New Mexico widened its lead over Oklahoma as the No. 2 state in Baker Hughes’ weekly count of active oil and gas drilling rigs in U.S. In its July 26 report, Baker Hughes said New Mexico added 2 rigs in the past week for a new total of 109 (104 a year ago) while Oklahoma […]
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