Chevron said its new power generation plant in west Texas to be co-located with a Microsoft data center in Reeves County will benefit the state’s economy while also mitigating impacts to water resources and the electrical grid.  Texas oil companies such as Chevron, Exxon Mobil and Diamondback are branching into electricity generation, “cashing in on […]

Houston-based Plains All American Pipeline is increasing its 2026 growth capital spending to $400 million to $450 million from $350 million.  Maintenance capital is expected to remain at about $185 million.  In its announcement June 15, Plains said, “The increased budget is underpinned by multiple growth projects across our Permian long-haul, Canadian gathering and Permian […]

Natural gas is moving through two new metered interconnects on Kinder Morgan’s Gulf Coast Express pipeline near Agua Dulce hub in south Texas.  Natural Gas Intelligence said June 16 it’s “the clearest sign yet that the 570 million cfd expansion is starting up on schedule and easing a glutted Permian Basin.”  The 497-mile GCX pipeline […]

Operators in Permian Basin, Texas and New Mexico reported no additional rigs in the past week, according to the weekly report of June 18 from Baker Hughes.  There are 256 active drilling rigs in Permian Basin (down 15 from 271 a year ago), 261 in Texas (up 3 from 258 a year ago) and 97 […]

Houston-based Chevron said Monday its subsidiary Energy Forge One signed an agreement with Microsoft Corp. to develop a co-located power facility in Reeves County to fuel a new data center.  The massive power plant, Project Kilby, is expected to deliver about 2.67 gigawatts of capacity for one of Microsoft’s largest data centers.  The Pecos campus […]

Marketed natural gas production in Permian Basin grew from 17.2 billion cubic feet per day in 2021 to 27.6 Bcfd in 2025 for an increase of 60 percent.  During the same period, Permian’s crude oil production grew by 39 percent from 4.7 million barrels per day to 6.6 million b/d.  In a report issued last […]

SunZia, the largest wind farm in the U.S., started commercial operations this month in New Mexico.  The project is in the counties of Lincoln, San Miguel and Torrance.  It is comprised of 916 wind turbines with a total net summer generating capacity of 3,650 megawatts.  Most of the electricity generated will be exported with high-voltage […]

Energy Workforce and Technology Council reported last week the third consecutive month of employment growth in the energy industry.  The council said there were 633,115 energy services jobs in May, according to preliminary data from Bureau of Labor Statistics.  That’s up from 627,941 in April and 627,018 in March after low counts of 625,057 in […]

Post Oak Energy Capital said last week Midland’s Midway Energy Partners completed a sale of Permian Basin assets to multiple operators.  Midway is an upstream platform focused on the acquisition and development of operated positions across the Permian Basin with an emphasis in the Midland Basin. Ryan Walsh, managing director of Post Oak, said June […]

U.S. Department of the Interior and its Fish and Wildlife Service recently revoked the endangered species listing of the dunes sagebrush lizard in an effort to resolve litigation pursued by the State of Texas.  The Trump administration asked a federal judge in Midland overseeing the suit to approve a settlement that would require the Fish […]