De Nora, global provider of electrochemical technologies and water treatment technologies, said it has acquired a majority interest in water service company Neptune Solutions to form De Nora Neptune, which is now the service unit of De Nora. Fort Stockton-based Neptune specializes in what De Nora calls “on the fly” water treatment for hydraulic fracturing […]
Rig count falls 9 in Texas; U.S. count below 1,000 for first time in 14 months
Texas again led a decline in oil and gas drilling as the nation’s count of active rigs dropped below 1,000 for the first time in more than a year. According to Baker Hughes, as of April 26, Texas lost 9 rigs in the past week to 491, and the Permian Basin count declined 3 to […]
86th Texas Legislature: The Final Stretch
During the week of April 14, the rumor around the Texas Capitol went something like this: If your bill does not advance out of committee within the next five days, chances are it will die there. However, the rumor extended into the following week, and committee hearings proceeded with hundreds of witnesses making their way […]
Texas Permian Basin Index rebounds after two months of declines
The Texas Permian Basin Petroleum Index rebounded from two months of declines to grow slightly to 347.9 in January 2019, according to Karr Ingham of Amarillo, economist who prepares the index for Texas Alliance of Energy Producers. The index peaked at 384.9 in November 2014 before falling to 210.1 in September 2016 (base 100 in […]
Texas, New Mexico still lead state rig counts; Permian down to 463
Texas and all other major oil- and gas-producing states posted declines in rig counts for the week that ended April 18, according to Baker Hughes. Texas’ count was down 2 in the past week to 500 rigs (509 a year ago), and the U.S. count was down 10 to 1,012 rigs (1,013 a year ago). […]
Apache temporarily defers Alpine High gas production in Permian
Houston-based Apache Corp. said April 23 it initiated natural gas production volume deferrals from its Alpine High play in late March “in response to extremely low prices at Waha hub.” Current deferrals represent about 250 MMcfd of gross gas production. John J. Christmann IV, CEO and president, said, “As far back as two years ago […]
Surge Energy subsidiary Moss Creek drills longest lateral in Permian
Moss Creek Resources, subsidiary of Houston-based Surge Energy US Holdings, said last week it drilled the longest known lateral in the Permian Basin based on IHS and Drillinginfo databases. Medusa Unit C 28-09 3AH was successfully drilled to a total measured depth in Wolfcamp A of 24,592 feet (total vertical depth of 7,102 feet; horizontal […]
Occidental follows Chevron with another proposal for Anadarko
Houston-based Occidental Petroleum said Wednesday it is making “a superior proposal” of $76 per share to acquire Anadarko Petroleum compared to Chevron’s recent proposal of $65 per share. “Occidental’s proposal represents a premium of approximately 20 percent to the value of Anadarko’s pending transaction,” the company said. Oil & Gas Journal said the proposed transaction […]
Haynesville produces record levels of natural gas in April
The U.S. Department of Energy said a resurgence in activity has sent natural gas production in Haynesville in east Texas and Louisiana to record levels. Haynesville was producing a record high of 10.5 billion cubic feet of natural gas per day earlier this month to surpass the 2011 peak of 10.4 billion cubic feet per […]
Concho, Frontier agree to joint venture in northern Midland Basin
Midland-based Concho Resources and Tulsa-based Frontier Midstream Solutions said last week they formed a joint venture, Beta Crude Connector, to build and provide crude oil gathering, transportation and storage in northern Midland Basin. Frontier will be operator with initial flows scheduled mid-2019. The new system will be comprised of 100-mile gathering system, 250,000 barrels of […]
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