Development Capital Resources said June 19 its subsidiary initiated a drilling and development joint venture with a private operator in Permian Basin’s Wolfcamp formation. DCR said it will invest $165 million in the joint venture and will participate as a working interest owner in the drilling and completion of identified drilling locations. Drilling has started, […]
Enterprise begins service on Orla 3 gas plant in Reeves County
Houston-based Enterprise Products Partners said Tuesday it recently began service of the third train at its Orla cryogenic natural gas processing plant in Reeves County. The completion of the final announced processing unit at Orla increases natural gas processing capacity at the facility to 900 million cubic feet per day and allows Enterprise to produce […]
Texas and Mexico
The Lone Star State and its south-of-the-border neighbor have a relationship built on, among other things, energy. There is a dynamic there that is changing and, in some ways, becoming more reciprocal than in earlier times. By Paul Wiseman Trade between Texas and Mexico has always been sort of a tap dance, starting […]
Crude oil inputs decline for fifth straight year to Mexico refineries
U.S. Energy Information Admininstration said crude oil inputs to Mexico’s six petroleum refineries declined for the fifth consecutive year in 2018. Mexico’s six refineries consumed a total of 600,000 barrels of crude oil per day in 2018, according to the EIA report. That’s a 50 percent decline since 2013. Production of gasoline and diesel also […]
Texas, Permian Basin add rigs in Baker Hughes weekly report
The weekly counts of active oil and gas drilling rigs from Houston-based oilfield services firm Baker Hughes posted modest gains in Permian Basin and Texas as of June 28. Since the previous week, there were 2 additional rigs in Permian Basin to increase to 441 (474 a year ago), and 1 new rig in Texas […]
Led again by Permian, U.S. crude production to increase to 8.5 million b/d
Production of crude oil in the seven major producing regions in U.S. is forecast to reach 8.520 million barrels per day this month, according to a drilling productivity report issued June 17 by U.S. Energy Information Administration. That’s an increase of 70,000 barrels per day from June (8.450 million b/d). About 79 percent of the […]
Philadelphia firm EDGE begins on-site LNG production
Philadelphia-based EDGE LNG expects to begin within six months operation of mobile LNG units in Permian Basin. EDGE said June 18 it began on-well-site LNG production May 7 accessing Marcellus gas in Pennsylvania and making truck deliveries of LNG sales to its first customers. The company deploys transportable Cryobox LNG production and liquefaction equipment by […]
Alliance Resources acquires oil, gas interests in Midland Basin
Tulsa-based Alliance Resources Partners said June 24 it has an agreement with Wing Resources to acquire oil and gas mineral interests in Midland Basin for $145 million. The transaction involves about 9,000 net royalty acres with exposure to more than 400,000 gross acres. There are 783 gross horizontal wells producing on the acreage delivering about […]
“People said, ‘We’ve got to do something different.’”
The last downturn helped shift people’s mindsets. Weatherford’s latest project in Odessa shows what that change looks like. By Paul Wiseman “We’ve been in the Permian Basin for decades,” said Weatherford International’s Karen David-Green, “and this new facility allows us to consolidate 10 product lines under one roof. It also shows that we intend […]
Sand mines continue to be idled in Wisconsin, “boom is over”
Sand mines in the upper midwest with annual capacity of 18 million tons of frac sand have been idled this year, according to research firm Rystad Energy, and the total could increase to 30 million tons by the end of 2019. Associated Press said this week that Superior Silica Sands has idled three sand mines […]
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