Tulsa-based NGL Energy Partners said Thursday its affiliate NGL Water Solutions is beginning expansion of its Lea County Express pipeline system.  The expansion will include 60 miles of large-diameter pipeline, new disposal wells and injection facilities.  The project will expand the capabilities of NGL’s existing produced water system and significantly increase out-of-basin produced water disposal […]

Midland-based Diamondback Energy said Monday it exceeded production targets in first quarter and raised production forecast for fullyear 2026 by about 3 percent.  Diamondback produced 979,400 boed (521,000 b/d of oil) in first quarter – 1.4 percent above high end of guidance.  Oil production from the company’s 8,800 locations in west Texas was nearly 2 […]

For the second straight week, Texas led major producing states in adding active oil and gas drilling rigs.  Baker Hughes said in its weekly report of May 1 that Texas has 238 rigs after adding 4 in the previous week.  The state’s count is up 6 from 232 to start the year, but down 33 […]

Houston-based Enterprise Products Partners said last week it established record inlet volumes at its natural gas processing plants at 8.3 Bcfd in first quarter.  That’s up 7 percent from 2025Q1.  Enterprise said it was “driven by a 9 percent increase in Permian plant inlet volumes.” Enterprise also reported records for equivalent pipeline transportation volumes (up […]

Richard A. Jackson, who joined Occidental in 2003 and most recently was senior vice president and COO, has been named president and CEO effective June 1.  He succeeds Vicki A. Hollub, who is retiring after serving as CEO since 2016.  Occidental’s Board of Directors announced the appointments May 1.  Chairman Jack Moore said, “Richard is […]

U.S. Bureau of Economic Analysis said the Texas economy expanded to $2.9 trillion last year based on the state’s 2025 current-dollar gross domestic product.  The Texas economy grew faster than the nation in 2025 at a rate of 2.5 percent when adjusted for inflation. Governor Greg Abbott said April 17, “With the best business climate […]

Houston-based ElectriGen said Monday it intends to develop and operate a 1.8-gigawatt power platform to support large-scale data center development.  The project consists of two 900-megawatt natural gas-fired generation facilities with ancillary equipment to support load balancing at “an undisclosed location within the Texas market.”  Commercial operation is expected in 2028. The power system will […]

U.S. Department of Energy said Thursday it released 17.5 million barrels of crude oil from the nation’s strategic petroleum reserve between March 16 and April 24.  DOE said the release included 7.1 million barrels last week – the most since the week ending Oct. 7, 2022.  Stocks at the four SPR sites currently are 397.9 […]