A survey by Federal Reserve Bank of Dallas shows that the cost of profitably drilling a shale oil well in the U.S. has fallen to $50 per barrel, “likely ensuring the growth of the onshore shale industry for years to come.” The Houston Chronicle reported, “Led by surging production and efficiency gains in west Texas’ […]
Study shows economic benefits for New Mexico from ExxonMobil operations
ExxonMobil said May 17 a study by Impact Data Source estimates the company’s development of Permian Basin resources in New Mexico will generate about $64 billion in net economic benefits for the state and local communities over the next 40 years. The benefits include thousands of new jobs and increased funding for education, health and […]
Rig count continues decline in Permian Basin and U.S.
The counts of drilling rigs declined for the fifth straight week in Permian Basin and sixth straight week in U.S. as of May 17, according to Baker Hughes. During this decline, the Permian Basin count fell from 464 to 454, and the U.S. count dropped from 1,025 to 987. The Texas count fell in the […]
UPS to use renewable natural gas to power delivery trucks in Texas
UPS said Wednesday it is buying the equivalent of 170 million gallons of renewable natural gas from California-based natural gas provider Clean Energy Fuel Corp. in the next seven years to fuel its delivery trucks in Texas and 12 other states. UPS will have fueling stations in El Paso, Fort Worth and San Antonio. UPS […]
Howard Energy, WPX Energy complete project in Delaware Basin
San Antonio-based Howard Energy Partners and Tulsa-based WPX Energy said May 16 they have completed a majority of their previously-announced crude oil and natural gas gathering and processing infrastructure in Delaware Basin. After startup of the first 200-MMcfd plant last year, Howard recently commissioned and operates this second 200-MMcfd plant as part of its cryogenic […]
Occidental, Canadian company to develop direct air capture plant
Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum, and Canadian clean energy company Carbon Engineering said Tuesday they will jointly proceed with engineering and design of the world’s largest direct air capture and sequestration facility to be located in the Permian Basin. The companies are developing a facility designed to capture 500 kilotonnes of […]
Permian water conference donates $100,000 to UTPB
The Permian Basin Water in Energy Conference recently donated $100,000 to University of Texas Permian Basin after its second annual conference. The conference advisory board said the gift may be used to advance the UTPB mission. Dr. Sandra Woodley, UTPB president, said, “We at UT Permian Basin understand the value of water in our region […]
Barnett Shale: No horizontal well permits filed since April 9
The Houston Chronicle said this week there have been no filings to the state for horizontal drilling permits in more than a month in the Barnett Shale in north Texas, the so-called “birthplace of the shale revolution.” The Chronicle said May 13 that Fort Worth-based TEP Barnett USA was the last company to seek a […]
Spur Energy, KKR to acquire Permian northwest shelf assets
Houston-based startup Spur Energy Partners and investment firm KKR said Tuesday they formed a partnership to acquire Permian northwest shelf assets of Houston-based Percussion Petroleum and other assets across the lower 48 states. The acquisition includes interests in 380 gross producing wells and 22,000 net acres in the Yeso formation in Eddy and Lea counties […]
DOE issues approval for Sempra LNG export facility in Port Arthur
The U.S. Department of Energy issued approval May 2 for Sempra Energy’s proposed installation at Port Arthur in Jefferson County to export LNG to countries that do not have a free trade agreement with the U.S. San Diego-based Sempra received permission to export as much as 1.91 Bcfd of domestically produced LNG to non-FTA countries […]
- « Previous Page
- 1
- …
- 216
- 217
- 218
- 219
- 220
- …
- 242
- Next Page »