Tulsa-based Oneok said Dec. 20 it filed an application with Federal Energy Regulatory Commission for permission to construct and operate the Saguaro connector pipeline to export natural gas to a new international border crossing at the USA-Mexico border 18 miles southwest of Sierra Blanca in Hudspeth County.  The proposed pipeline will transport up to 2.8 […]

Minneapolis-based Northern Oil and Gas said Dec. 19 it closed on a previously announced acquisition of non-operated interests from a private seller in northern Delaware Basin for $131.6 million.  The bolt-on assets include 2,100 net acres in Eddy and Lea counties in New Mexico and Loving and Winkler counties in Texas.  Average production for 2023 […]

Permian Basin added 2 drilling rigs in the past week to match its 2022 high count of 352, according to the weekly report of Dec. 22 from Baker Hughes.  That’s an increase of 20.1 percent since starting the year with 293 rigs.  Also as of Dec. 22, there are 374 rigs in Texas (367 previous […]

Rig count in Permian Basin remained 350 as of Dec. 16, according to Baker Hughes, while the count of active drilling rigs in Texas declined for the fourth straight week to 367.  There were 370 in Texas the previous week and 275 a year ago.  Also, there are 107 rigs in New Mexico (106 last […]

San Ramon, Calif.-based Chevron said Dec. 7 its consolidated upstream spending in 2023 is expected to be $11.5 billion, including $8.0 billion in U.S. and $4.0 billion in Permian Basin.  The total is at the high end of 2022-26 guidance and more than 25 percent above 2022 spending. Chairman and CEO Mike Wirth said, “We’re […]

In its Dec. 8 announcement of corporate plans for its next five years, Irving-based ExxonMobil said production in Permian Basin is forecast to grow to more than 800,000 boed by 2027 compared to 560,000 boed in 2022Q3.  Chairman and CEO Darren Woods and CFO Kathy Mikells said Exxon will spend 70 percent of capital investments […]

Railroad Commission of Texas activated personnel after a second earthquake within a month of magnitude 5.4 occurred Dec. 16 in west Texas centered about 14 miles north northwest of Midland in Martin County.  Commission said its inspectors are examining disposal activity at injection wells near the earthquake in Gardendale seismic response area (SRA).  In December […]

The late F. Marie Hall along with Kenneth B. Nolen, Edward E. Runyan and Don L. Sparks have been named to the Petroleum Hall of Fame of the Permian Basin Petroleum Museum.  They will be honored April 30, 2023, at Bush Convention Center in Midland.  Their selections bring the number of members in the Hall […]

Midland-based Permian Resources said last month its average daily crude oil production in 2022Q3 increased to 48,499 barrels (33,529 barrels a year ago) and 92,003 boed (65,121 boed a year ago).  Permian Resources was formed Sept. 1 with the merger of Delaware Basin assets of Centennial Resources and Colgate Energy.  The company operated 8 drilling […]