Rig counts in U.S., Texas and Permian Basin remained flat in Baker Hughes’ weekly report of Oct. 25.  There were 304 rigs in Permian Basin (313 year ago), 283 in Texas (311 year ago) and 585 in U.S. (625 year ago).  New Mexico was one of only three major producing states to add a rig […]

Midland-based Imperative Chemical Partners acquired Performance Chemical Co., another Midland company that provides specialty chemical solutions serving midstream and production operators in the oil and gas industry.  The Imperative brand was formed in 2019 with the merger of three Midland-based chemical businesses.  It has 40 locations with 900 employees in 10 states. Ryan Havens, CEO, […]

Dallas-based Matador Resources last week raised guidance for 2024 fullyear production by 6 percent and said it expects to produce more than 200,000 boed in 2025.  In third quarter Matador closed its acquisition of Ameredev, and production from the first 7 wells turned to sales since the effective date of the deal exceeded expectations by […]

U.S. natural gas production from shale and tight formations, which accounts for 79 percent of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, U.S. Energy Information Administration said it would mark the first annual […]

Tulsa-based ONEOK has completed acquisition of the entire interest held by Global Infrastructure Partners in EnLink Midstream for total cash consideration of about $3.3 billion.  The acquisition consists of 43 percent of EnLink’s outstanding common units ($14.90 per unit) and 100 percent interest in the managing member for $300 million. Pierce H. Norton II, president […]

Port of Corpus Christi and its customers moved 53 million tons through its ship channel in third quarter – a new quarterly record driven by increases in shipments of crude oil and dry bulk.  Port officials said last week the 53 million tons moved in 2024Q3 was a 2 percent increase from the same period […]

Austin-based Atlas Energy Solutions recently announced the commissioning of its Dune Express, a 42-mile electric conveyor system “that is expected to transform proppant logistics in the Permian Basin.”  Atlas said Oct. 10, “The system remains on time and on budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late […]

Rig counts in Permian Basin and New Mexico remained flat in Baker Hughes’ latest weekly report while counts in Texas and U.S. declined.  Baker Hughes said as of Oct. 18 there were 304 rigs in Perman Basin for the third straight week (down 8 from 312 year ago) and 99 in New Mexico for the […]

Dallas-based Axis Energy Services and Brigade Energy Services said recently they are merging to “form the nation’s largest and most innovative well servicing company with the best-trained workforce.”  The merger “combines two high-growth organizations that have pioneered new ways to create value for an oil and natural gas industry seeking to become more efficient, agile […]

Houston-based Kinder Morgan said last week it made final investment decision on its $455 million expansion of Gulf Coast Express pipeline to enable customers to move substantial additional natural gas from Permian Basin.  Kim Dang, CEO, said Oct. 16 the expansion “will increase natural gas deliveries by 570 million cubic feet per day from the […]