Environmental Integrity Project, a Washington, D.C.-based nonprofit, said Wednesday companies plan to build more than 100 new gas-fired power plants in Texas in the next five years to meet enormous electrical demand to support data centers for artificial intelligence, population growth and extreme weather.  The list of plants is comprised of 108 proposed new gas […]

Tulsa-based ONEOK said June 3 it acquired the remaining 49.9 percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash).  Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of […]

Count of active drilling rigs in U.S. declined for the sixth straight week as of June 6, according to the latest weekly report from Baker Hughes.  There were 559 rigs in U.S. – down 4 from 563 week ago and down 35 or 5.9 percent from 594 year ago.  The six-week decline has dropped the […]

Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M.  It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million […]

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 […]

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 […]

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 […]

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, […]

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 […]