Houston-based Plains All American Pipeline said May 28 it launched a new joint venture with Tennessee refining company Delek US to boost capacity of its 350-mile Red River pipeline in northeast Texas and Oklahoma. Delek purchased a 33 percent interest in Red River for $128 million; Plains will continue to operate the Red River system. […]

Permian Basin and U.S. each reversed weeks of declining oil and gas rig counts by adding a rig for the week ending May 31, according to Baker Hughes. Permian Basin has 452 rigs (451 the previous week, 477 a year ago), and U.S. has 984 rigs (983 previous week, 1,060 year ago). The counts had […]

Mexico is beginning construction of an $8 billion oil refinery as President Andres Manuel Lopez Obrador calls for the nation to become self-sufficient in energy production. Sunday in Paraiso, Tabasco, where the refinery will be built, he said Mexico “depends too much on buying foreign gasoline.” According to Bloomberg, the president said the refinery will […]

Houston-based Enterprise Products Partners said May 28 it is extending its ethylene pipeline and logistics system further into south Texas. The Baymark ethylene pipeline will originate in Bayport in southeast Harris County and extend about 90 miles to Markham in Matagorda County. The pipeline is supported by longterm commitments and is scheduled to begin service […]

Denver-based Discovery Natural Resources applied to Railroad Commission of Texas to drill 10 horizontal wells in Reagan County targeting Spraberry field to a total depth of 8,500 feet. Houston Chronicle said the drilling project is in the company’s Bullhead lease about 10 miles northeast of Big Lake. Discovery produced 3.8 million barrels of oil and […]