Houston-based Palisade Pipeline said recently it will build Rail Runner, produced water pipeline system, in the Watco Railroad right-of-way from Lea County, N.M., to Winkler County, Texas, along SH 18.  Rail Runner will transport produced water from northern Delaware Basin to saltwater disposal well systems in Winkler County.  Palisade said Aug. 30 its infrastructure also […]

Houston-based Callon Petroleum said last month it expects to produce 102,000 to 105,000 boed (63 percent oil) in Q3 with 38-to-42 gross wells placed on production with operating expenses between $245 million and $255 million.  Callon said Aug. 3 currently it operates 6 rigs – 3 in Delaware Basin, 2 in Midland Basin and 1 […]

Fort Worth-based HighPeak Energy recently commissioned its 60MW high-voltage substation, began removing rental generators to reduce lease operating expenses and emissions, and launched a local sand project.  HighPeak removed at least 70 percent of rental generators in Flat Top operating area, and electrification of the substation enabled HighPeak to power its first drilling rig with […]

Rig count in Permian Basin declined last week for the fifth time in the past seven weeks, according to Baker Hughes, as WTI fell below $85 for the first time since January.  As of Sept. 2, there were 342 rigs in Permian Basin – down 6 in the past week, but up 92 in the […]

State of Texas received a record $10.83 billion in oil and natural gas production taxes in fiscal year 2022 that ended Aug. 31.  Comptroller Glenn Hegar said Sept. 1 that Texas received $6.36 billion in oil production taxes (up from $3.45 billion last year) and $4.47 billion in revenue from gas production (up from $1.57 […]

Midland-based Permian Resources Corp., the combine of the Centennial Resource-Colgate Energy merger announced in May, said last week it expects Q4 production of 140,000 to 150,000 boed (52 percent oil) with capital expenses of $300 million to $325 million assuming 38-to-42 gross wells spudded and completed.  The combine is the largest pure-play exploration and production […]

Texas Alliance of Energy Producers will conduct its annual conference Sept. 14-15 in Fort Worth.  Speakers will include Wayne Christian, chairman of the Railroad Commission of Texas; Sean Strawbridge, CEO of the Port of Corpus Christi; Kaes Van’t Hof, president and CFO of Diamondback Energy; and Anne Bradbury, CEO of American Exploration and Production Council. […]

Austin-based Brigham Minerals said last week it agreed to purchase certain mineral and royalty interests in Midland Basin from funds managed by Avant Natural Resources and affiliates for $132.5 million.  Acquisition includes 3,900 net royalty acres in Martin and Midland counties with 2023 estimated production of 750 to 950 boed (60 percent oil).  Operators include […]

Permian Basin added drilling rigs in the past week to reverse a three-week decline, but still the basin rig count declined in the past month for the first time in two years.  Baker Hughes said as of Aug. 26 there were 348 rigs in Permian – up 3 in previous week, up 99 in past […]