Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. The expansion was completed May 29 to increase capacity of the Mongoose plant in Westbrook in Mitchell County in Midland Basin by 53 million cfd […]
TXOGA reports record natural gas production in Texas in 2025
Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 billion cfd in May with marketed production reaching a record 34.4 billion cfd. Crude oil production remained steady at 5.7 million b/d. Todd Staples, president, said, “With abundant natural […]
What’s So Smart About Artificial Intelligence?
Click here to listen to the Audio verison of this story! The boom/bust cycle has challenged the oil industry in many ways over the decades. Since the turn of the millennium, the newest challenge has been how to adopt new technology when there’s the frantic activity of a boom one minute and the layoffs and […]
Permian Basin drives growth in tight oil production in U.S. onshore lower 48
Onshore crude oil production in U.S. lower 48 states has more than tripled since January 2010, according to U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. Onshore production includes both legacy oil production primarily from vertically drilled wells and newer tight oil production primarily from horizontally drilled wells. EIA […]
DOE cancels 24 financial awards for clean energy projects, including 4 in Texas
Chris Wright, U.S. energy secretary, said last week the U.S. Department of Energy is cancelling 24 awards issued by the Office of Clean Energy Demonstrations totaling more than $3.7 billion in taxpayer-funded financial assistance. Sixteen of the 24 awards were signed between election day Nov. 5, 2024, and inauguration day, Jan. 20, 2025. The awards, […]
Diamondback subsidiary Viper acquires Sitio Royalties in $4.1 billion deal
Midland-based Viper Energy, subsidiary of Diamondback Energy, said Tuesday it agreed to acquire Sitio Royalties in an all-equity transaction valued at $4.1 billion. The agreement, which includes Sitio’s $1.1 billion of debt, is expected to close in 2025Q3. Diamondback will own 41 percent of Viper’s outstanding common stock after closing.” “This combination creates a leader […]
Permian rig count falls to 278; U.S. dips to 563; Eddy County, N.M., returns to 50
Counts of active drilling rigs in Permian Basin and U.S. by Baker Hughes continue sinking to low counts last reported in November 2021. In the weekly report of May 30, there were 278 rigs in Permian Basin (down 1 from 279 one week earlier, down 32 from 310 a year earlier) and 563 in U.S. […]
ProPwr division of ProPetro secures contract for power generation in Permian
Midland-based ProPetro Holding Corp. recently said its ProPwr division secured its first contract to commit 80 megawatts of power generation for an exploration and production operator in Permian Basin. ProPetro said May 20 that asset deployment is scheduled to begin in 2025 third quarter and continue through 2026. ProPwr will deliver turnkey power to a […]
Matador, San Mateo Midstream reach startup of Marlan plant in Eddy County
Dallas-based Matador Resources and affiliate San Mateo Midstream last week announced startup of an expansion of San Mateo’s Marlan cryogenic natural gas processing plant in Delaware Basin. The expansion adds 200 million cfd of natural gas capacity to the plant in Eddy County, N.M., to bring total capacity to 260 million cfd. Joseph Wm. Foran, […]
Down to the Wire
With only a few dozen hours remaining in the regular session, Texas lawmakers have sealed the fate of thousands of bills and are now focused on reconciling House and Senate versions of passed legislation. The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered […]
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