Houston-based independent Callon Petroleum said in its announcement of 2022Q3 operating results that oil productivity in the first 120 days online was up 26 percent in Delaware Basin and up 28 percent in Midland Basin compared to 2021Q3.  Joe Gatto, president and CEO, said Nov. 2, “Callon’s strong production growth this quarter was the product […]

Dallas-based independent midstream company Cardinal Midstream Partners said recently it is acquiring natural gas gathering and processing assets in Delaware Basin from Medallion Midstream Services.  The system acquired includes about 80 miles of pipelines in Loving and Reeves counties and a gas processing facility (140 million cfd) for top-tier producer customers.  Closing is expected in […]

Permian Basin and U.S. reported high rig counts for 2022 year-to-date in the weekly report of Nov. 23 from Baker Hughes.  In the last report before Thanksgiving, there were 352 rigs in Permian (349 week ago, 280 year ago), 372 in Texas (375 week ago, 273 year ago), 105 in New Mexico (103 week ago, […]

Dallas-based Energy Transfer said Nov. 1 in its announcement of 2022Q3 results that its Grey Wolf cryogenic processing plant in Winkler County in Delaware Basin is expected to come online this year with capacity of 200 million cfd.  Also, its Bear gas processing plant in Delaware Basin is expected to come online in 2023Q2.  The […]

Houston-based ConocoPhillips said Nov. 3 its lower 48 assets delivered record production in 2022Q3 of 1.013 million boed, including 668,000 boed from Permian Basin and 224,000 boed from Eagle Ford.  The company said this was its first lower 48 production of more than one million boed, and it contributed to a company record global production […]

Houston-based Occidential Petroleum said Nov. 8 that production in Permian Basin increased in 2022Q3 to 523,000 boed from 499,000 boed in 2021Q3.  Oxy topped midpoint of guidance for Q3 with 1.18 million boed.  Vicki Hollub, president and CEO, said Oxy expects Q4 production of 1.2 million to 1.26 million boed with the Permian Basin accounting […]

Biden administration recently approved plans to build the nation’s largest oil export terminal anchored about 30 miles south of Freeport off Texas’ gulf coast.  When completed in 2025 it will add two million b/d to the U.S. oil export capacity.  Approval by maritime administration in U.S. Department of Transportation was filed in the federal register […]

Houston-based APA Corp. said recently it plans to return to single-digit growth in production in 2023 – driven by Permian Basin oil increases – after three years of production declines.  APA said Nov. 2 in its announcement of 2022Q3 operating results that adjusted production was 310,000 boed with upstream capital investment of $492 million – […]

Texas Independent Producers and Royalty Owners Association said Texas direct upstream employment for September was 202,900 – an increase of 900 from August 2022 and 34,000 from September 2021.  TIPRO said in September there were 11,382 active unique industry job postings in Texas, including 4,181 in Houston, 1,028 in Midland and 541 in Odessa.  Top […]