The weekly counts of active oil and gas drilling rigs from Houston-based oilfield services firm Baker Hughes posted modest gains in Permian Basin and Texas as of June 28. Since the previous week, there were 2 additional rigs in Permian Basin to increase to 441 (474 a year ago), and 1 new rig in Texas […]
Led again by Permian, U.S. crude production to increase to 8.5 million b/d
Production of crude oil in the seven major producing regions in U.S. is forecast to reach 8.520 million barrels per day this month, according to a drilling productivity report issued June 17 by U.S. Energy Information Administration. That’s an increase of 70,000 barrels per day from June (8.450 million b/d). About 79 percent of the […]
Philadelphia firm EDGE begins on-site LNG production
Philadelphia-based EDGE LNG expects to begin within six months operation of mobile LNG units in Permian Basin. EDGE said June 18 it began on-well-site LNG production May 7 accessing Marcellus gas in Pennsylvania and making truck deliveries of LNG sales to its first customers. The company deploys transportable Cryobox LNG production and liquefaction equipment by […]
Alliance Resources acquires oil, gas interests in Midland Basin
Tulsa-based Alliance Resources Partners said June 24 it has an agreement with Wing Resources to acquire oil and gas mineral interests in Midland Basin for $145 million. The transaction involves about 9,000 net royalty acres with exposure to more than 400,000 gross acres. There are 783 gross horizontal wells producing on the acreage delivering about […]
“People said, ‘We’ve got to do something different.’”
The last downturn helped shift people’s mindsets. Weatherford’s latest project in Odessa shows what that change looks like. By Paul Wiseman “We’ve been in the Permian Basin for decades,” said Weatherford International’s Karen David-Green, “and this new facility allows us to consolidate 10 product lines under one roof. It also shows that we intend […]
Sand mines continue to be idled in Wisconsin, “boom is over”
Sand mines in the upper midwest with annual capacity of 18 million tons of frac sand have been idled this year, according to research firm Rystad Energy, and the total could increase to 30 million tons by the end of 2019. Associated Press said this week that Superior Silica Sands has idled three sand mines […]
Texas continues to lead declining counts of active drilling rigs
Texas led all states in drilling rig count decline for the third straight week as of June 21, according to Baker Hughes. There were 463 active rigs in Texas – down 4 from the previous week and down 70 from a year ago. There were 439 rigs in Permian Basin (441 previous week, 474 previous […]
Phillips 66 files permits to build offshore export facility on Texas coast
Oil refiner Phillips 66 reportedly has filed federal and state permits to build an offshore export facility about 27 miles east of Port Aransas. Reuters and Houston Chronicle reported the proposed deepwater crude export terminal last week. Reuters said Phillips’ Bluewater Texas terminal is being developed with Port of Corpus Christi. Dennis Nuss of Phillips […]
Weatherford opens new oilfield technology super center in Odessa
Weatherford International, which operates in more than 80 countries with 700 locations, opened a new oilfield technology super center in Odessa June 13. Eight of Weatherford’s service lines in the region now will operate from one building. Mark Swift, president of the company’s western hemisphere division, said, “If you’re going to be a major player […]
Breakwater launches midstream division to boost recycling in Permian Basin
Houston-based Breakwater Energy Partners said June 19 its new midstream division will enhance the company’s oilfield wastewater recycling in Permian Basin. The new division will build and operate pipelines and other equipment to move freshwater and wastewater to and from oil and gas operations in the Permian shale play. Breakwater’s water recycling segment, with capacity […]
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