Two companies that operate primarily in Permian Basin are among the top five in Enverus Intelligence Research’s list of the top 100 private oil and gas producers in the U.S. based on gross operated production in 2022. Rockies operator Continental Resources, a newcomer to Enverus’ chart, leads the list at 591,315 boed. Permian operators Mewbourne […]
New Mexico board approves new rule to curb oilfield emissions
New Mexico’s environmental improvement board recently approved a new rule to curb oilfield emissions that cause ground-level ozone. The so-called “ozone precursor rule” is intended to reduce this pollutant in areas where fossil fuel operations elevate it to levels deemed unsafe. Advocates told the Santa Fe New Mexican that the new regulation “will make New […]
Production in Texas, New Mexico increases, Enverus expects growth to accelerate
Texas and New Mexico continue to grow crude oil production, according to U.S. Energy Information Administration, and Enverus Intelligence Research said this week it “expects oil growth to accelerate” in the second half of the year. EIA said Texas production averaged 5.4 million barrels per day in March – up 97,000 b/d over February and […]
VTX Energy Partners acquires additional acreage in southern Delaware Basin
VTX Energy Partners, upstream company of Vitol, said Monday it will acquire 12,000 net leasehold acres contiguous with the Delaware Basin Resources position it acquired in March. The deal brings its total southern Delaware Basin position to 47,000 net acres. VTX said it agreed to acquire assets comprised of leasehold, production and associated water infrastructure […]
IEA: More investment in solar energy than oil for the first time last year
Global investment in solar outpaced investment in oil for the first time last year, according to a report from International Energy Agency. As reported May 29 by CBS News, IEA said since 2018 more funding has been invested in clean-energy development than into fossil fuels, and the gap continues to grow. Last year a record […]
U.S. rig count declines 10.7 percent this year from 779 to 696, Permian falls to 348
Baker Hughes’ count of active oil and gas drilling rigs as of June 2 in U.S. declined for the fifth straight week to 696. The count was down from 711 the previous week, 779 to start the year and 727 a year ago. The U.S. rig count is down 10.7 percent this year from 779 […]
Three Texas projects receive DOE grants for carbon management
Three projects in Texas were among 12 projects in seven states selected for grants in the latest round of funding from U.S. Department of Energy to boost the nation’s carbon management. DOE announced $251 million for 12 CCS projects to expand carbon dioxide transportation and storage infrastructure to help reduce CO2 emissions from power generation […]
Pilot Water Solutions to provide produced water management for Chevron
Houston-based Pilot Water Solutions said last week it agreed to a long-term contract with Chevron for water management in Permian Basin. Pilot will construct and operate a large-diameter pipeline and related disposal infrastructure to transport produced water from Culberson County for shallow disposal in Reeves County. “We are delighted to provide comprehensive water management services […]
Interior blocks leasing around Chaco in NM
U.S. Department of Interior Friday blocked new oil and gas leasing on federal lands within 10 miles of Chaco Culture National Historical Park in New Mexico for 20 years, according to a report in New York Times. Also, New Mexico Land Commissioner Stephanie Garcia Richard Thursday issued an executive order to ban all new oil […]
Prairie Energy Partners selects Cushing over Victoria County as site of refinery
Prairie Energy Partners, subsidiary of El Campo-based Southern Rock Energy Partners, said last week it plans to build its $5.5 billion next-generation, full-conversion crude oil refinery in Cushing, Okla., rather than Victoria County, Texas. The refinery will produce about 91.24 million barrels or 3.83 billion gallons of cleaner transportation fuels each year, including gasoline, diesel […]
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