Houston-based EPIC Crude Holdings said Wednesday its oil pipeline that extends from Orla to Port of Corpus Christi is operating at 600,000 barrels per day. The 700-mile pipeline provides shippers access to the premium Corpus Christi market, including EPIC Crude’s export facility, local refineries and other export docks. “This has been a great start to […]
TCEQ and the Permian Basin
MIDLAND, TEXAS—It was a meeting of the regulator and the regulated when TCEQ Commissioner Emily Lindley addressed the membership of the Permian Basin Petroleum Association (PBPA) in the Midland Petroleum Club as keynote speaker for its March 17 luncheon. The Texas Commission on Environmental Quality is the environmental agency for the state. TCEQ employs approximately […]
Callon says 85 percent of 2022 capital budget will be spent in Permian
Houston-based Callon Petroleum said recently that 85 percent of its capital expense budget of $725 million for 2022 will be allocated to Permian Basin. Callon said the increase of $216 million from last year reflects an increase in the number of drilled wells and the impact of inflation on the cost of such items as […]
Calgary-based energy company Xfuels relocates to Texas
Calgary-based Xfuels said last week it is relocating to Texas to help the company expand in the U.S. Xfuels is a diversified energy company with three vertically integrated businesses acquired in a merger with Cycle Energy Industries. Texas subsidiary Cycle Oil and Gas acquires and optimizes underdeveloped upstream assets, holds royalty and non-operated positions, and […]
Texas oil and gas industry adds 5,100 jobs in February – most in decade
Texas Oil and Gas Association said this week employment in the state’s oil and gas production industry in February increased by about 5,100 jobs – the biggest gain in more than a decade and the second highest in 30 years. The oil and gas production sector employed 181,900 people in Texas in February – up […]
Rig counts in first quarter up 8.7 percent in Permian, 17.7 percent in Texas
Rig counts in first quarter were up 8.7 percent in Permian Basin, 17.7 percent in Texas and 14.3 percent in U.S. Baker Hughes said as of March 25 there were 319 rigs in Permian (316 week ago, 221 year ago), 326 in Texas (320 week ago, 205 year ago), 96 in New Mexico (97 week […]
Oxy outlines plans for direct air carbon capture plant in Permian Basin
Houston-based Occidental Petroleum last week outlined its plans to build the world’s largest direct air carbon capture facility in Permian Basin. Construction is scheduled to begin during second half of 2022, and operations are expected to begin at DAC1 in late 2024. Oxy officials said March 23 they plan to invest up to six percent […]
Rig counts remain flat in Permian, Texas, U.S. last week
Rig count in Permian Basin, Texas and U.S. was flat last week, according to Baker Hughes. As of March 18, there were 316 rigs in Permian (216 year ago), 320 in Texas (202 year ago) and 663 in U.S. (411 year ago). The count in New Mexico declined by 1 last week to 97 (67 […]
DOE authorizes additional LNG exports from Corpus Christi, Sabine Pass
U.S. Department of Energy authorized Houston-based Cheniere Energy to export an additional 720 MMcfd of natural gas from its LNG plants in Corpus Christi and Sabine Pass. Exports were authorized March 16 to any country with which U.S. does not have a free trade agreement, including all of Europe. Oil and Gas Journal said U.S. […]
Hegar warns financial firms they could lose state contracts for divesting
Texas Tribune reported last week that Glenn Hegar, the state’s comptroller, sent letters to 19 financial firms to determine if they are violating a new state law that prohibits companies from boycotting fossil fuel companies. The law in effect since September prohibits the state from contracting with or investing in companies that divest from oil, […]
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