Dallas-based Sentinel Midstream said Monday it submitted a deepwater port license application with the U.S. Maritime Administration to construct and operate a crude oil export facility about 30 miles south of Freeport. Texas Gulflink will be capable of fully loading supertankers or VLCCs (very large crude carriers). Jeff Ballard of Sentinel said, “Texas Gulflink will […]
Altus Midstream opens gas processing plant in Permian Basin
Apache’s Altus Midstream said May 30 the first of three new cryogenic processing trains at Diamond complex in Alpine High is now processing rich natural gas and delivering NGLs and residue gas to sales. It’s the first of three units scheduled to begin operations in 2019 with aggregate nameplate capacity of 600 million cubic feet […]
That’s a Wrap
The macrocosmic reviews of the 2019 140-day session are replete with feel-good language: Cooperation Instead of Combativeness. An Aura of Kumbaya. Playing Nice. Mission Accomplished. The trio known as “the Big Three” vowed in the early going to address property taxes and school finance. Texas Gov. Greg Abbott, Lt. Gov. Dan Patrick, and Speaker of […]
Cudd Energy Services Announces Sweeney as Director of Well Intervention and Integrity
Sponsored Content: Cudd Energy Services named Gene Sweeney as Director of Well Intervention and Integrity. Sweeney will take on responsibilities for Cudd’s domestic snubbing, well control, and special services disciplines. Sweeney returns to Cudd after leading BP’s global well control team for the past seven years where he was responsible for strengthening BP’s well control […]
Basin Traffic: What’s to Be Done?
By Paul Wiseman There was a wreck on I-20 along my the way to a meeting about road safety. I’m not sure if that’s ironic or just appropriate. Just before I left Midland to head to the quarterly meeting of the recently-formed Permian Basin Road Safety Coalition, I received the following email from them: “Traffic […]
Bluewing, One Cypress to expand export facility in Port of Brownsville
A joint venture of Houston-based Bluewing Midstream and San Antonio-based One Cypress Energy said last week it is expanding its storage capacity of bulk liquids at Port of Brownsville by 300,000 barrels. Phase II of the expansion project will increase total capacity to 1.1 million barrels to serve markets in Mexico, other international locations and […]
Sand supply continues to outpace demand, prices to remain depressed
Moody’s Investor Services said in a recent research report that sand prices for oil and gas fracturing and valuations of sand mining companies are expected to remain depressed as supply continues to outpace demand. The report said “frac sand castles may crumble” as prices remain low. Moody’s said sand prices have declined 20 percent in […]
U.S. rig count declines 100 in 2019, Texas down 51, Permian loses 35
Baker Hughes’ counts of active oil and gas drilling rigs continue to decline. As of May 24, counts in 2019 have declined 100 in U.S., 51 in Texas, 4 in New Mexico and 35 in Permian Basin. Baker Hughes said as of May 24 there are 451 rigs in Permian Basin (454 last week, 486 […]
Permian leads oil production growth; U.S. gas production tops 80 billion cfd
Two-thirds of growth in U.S. oil production next month is forecast to come from the Permian Basin. In its latest Drilling Productivity Report, U.S. Energy Information Administration said oil production in the nation’s seven major regions is expected to grow from 8.412 million barrels per day in May to 8.495 million b/d in June. Much […]
Devon to sell assets in Canada to focus on Permian Basin, Eagle Ford
Oklahoma City-based Devon Energy said Wednesday it will sell its Canadian assets for $2.8 billion to Canadian Natural Resources to focus on its shale assets in Permian Basin in west Texas and Eagle Ford in south Texas and also in Oklahoma. The transaction is expected to close in 2019Q2, and Devon said proceeds will be […]
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