U.S. crude production hit a record high of 13.64 million barrels per day in July, according to U.S. Energy Information Administration.  Major producing states Texas and New Mexico contributed significantly to the new standard.  The U.S. mark was 109,000 barrels above the previous record in June. Production in Texas rose to 5.8 million barrels per […]

The biennial Permian Basin International Oil Show is scheduled Oct. 21-23 at Ector County Coliseum in Odessa.  Theme of PBIOS is “The Basin’s Next Generation: Bridging Legacies, Powering Tomorrow.” During PBIOS, Permian Basin Petroleum Association will conduct a membership luncheon Wednesday, Oct. 22.  Theme is “Stronger Together: Regulatory, Legislative and Power Perspectives.”  Speakers will include […]

New Mexico Gov. Michelle Lujan Grisham said last week satellite observations in a recent one-year period in Permian Basin show crude oil and natural gas operators are releasing emissions in New Mexico at less than half the amount in Texas.  At a news conference Sept. 22 at the capitol in Santa Fe to start Climate […]

Houston-based LandBridge Co. said last week it contracted with NRG Energy on a potential data center in Reeves County in Delaware Basin.  The site could potentially house a 1,100-megawatt, grid-connected natural gas power generation facility, which NRG would construct “if an appropriate power purchase agreement for a data center is secured.”  LandBridge said in-service date […]

Texas led all major producing states by adding 4 drilling rigs in the past week, according to the latest report from Baker Hughes.  As of Sept. 26, there were 246 active rigs in Texas – up 4 from 242 the previous week but down 31 or 11.2 percent from 277 a year earlier.  Three of […]

“At Home with Energy” is theme of the 13th annual Carlsbad Energy Summit scheduled Thursday, Oct. 23, at Walter Gerrells Performing Arts and Exhibition Center in Carlsbad, N.M.  Featured guest Kenny Thomas will speak at a luncheon on “Beyond the Game: Leadership, Energy and the Fuel that Drives Us.”  Thomas is an 11-year veteran of […]

Consumption of natural gas in the U.S. is forecast to increase this year by about 1 percent to a record of 91.4 billion cubic feet per day.  U.S. Energy Information Administration said Aug. 25 it expects use of natural gas to increase across all sectors except electric power.  “Natural gas consumption was high in the […]

French specialty chemical group SNF, a leader in water-soluble polymers, said recently it acquired Midland-based Obsidian Chemical Solutions, a provider of specialty chemical solutions primarily for completion operations.  Obsidian offers one of the largest bulk storage capacities in the Permian Basin along with a substantial manufacturing footprint. Brian Satterfield, vice president of SNF, said last […]

A subsidiary of Frisco-based Virtus Energy Partners said recently it reached a farmout agreement with EON Resources to develop EON’s assets in Grayburg Jackson Field in San Andres.  EON said as many as 90 horizontal drilling locations are expected to be drilled in the field.  Virtus will lead the development as operator. EON has 20,000 […]