U.S. Energy Information Administration said last week U.S. oil production fell in January by 2 percent to its lowest since September 2021.  Oil production fell to 11.4 million barrels per day in January from 11.6 million b/d the previous month.  EIA said production in Texas declined to 4.9 million b/d in January – lowest since […]

Baker Hughes’ count of active oil and gas drilling rigs is up 10.2 percent this year in Permian Basin to 323 as of April 1.  Permian has added 4 rigs in the past week, 99 in the past year and 30 since the end of 2021.  Also, rig count is up 19.5 percent this year […]

Midland-based ProPetro Services and Pioneer Natural Resources said April 4 they agreed to an amended pressure pumping services contract for 2022 that may be extended through 2023.  ProPetro will deliver and dedicate hydraulic fracturing fleets to Pioneer to provide fracture stimulation pumping services and associated products.  Rich Dealy, president and CEO of Pioneer, said, “This […]

U.S. exports of LNG increased nearly 16 percent in March to a record high, according to Refinitiv, as shipments to Europe grow after Russia’s invasion of Ukraine.  Refinitiv said U.S. LNG exports to all destinations were about 7.43 million tonnes in March – up from 6.4 million tonnes in February to top the record of […]

Railroad Commission of Texas is encouraging contractors to enroll to receive information about the commission’s state-managed plugging program.  The U.S. Department of Interior said in February about $107.5 million in federal funds is coming to Texas to cap and clean abandoned oil and gas wells in its effort to reduce emissions and improve health and […]

Houston-based EPIC Crude Holdings said Wednesday its oil pipeline that extends from Orla to Port of Corpus Christi is operating at 600,000 barrels per day.  The 700-mile pipeline provides shippers access to the premium Corpus Christi market, including EPIC Crude’s export facility, local refineries and other export docks. “This has been a great start to […]

Houston-based Callon Petroleum said recently that 85 percent of its capital expense budget of $725 million for 2022 will be allocated to Permian Basin.  Callon said the increase of $216 million from last year reflects an increase in the number of drilled wells and the impact of inflation on the cost of such items as […]

Calgary-based Xfuels said last week it is relocating to Texas to help the company expand in the U.S.  Xfuels is a diversified energy company with three vertically integrated businesses acquired in a merger with Cycle Energy Industries.  Texas subsidiary Cycle Oil and Gas acquires and optimizes underdeveloped upstream assets, holds royalty and non-operated positions, and […]

Texas Oil and Gas Association said this week employment in the state’s oil and gas production industry in February increased by about 5,100 jobs – the biggest gain in more than a decade and the second highest in 30 years.  The oil and gas production sector employed 181,900 people in Texas in February – up […]

Rig counts in first quarter were up 8.7 percent in Permian Basin, 17.7 percent in Texas and 14.3 percent in U.S.  Baker Hughes said as of March 25 there were 319 rigs in Permian (316 week ago, 221 year ago), 326 in Texas (320 week ago, 205 year ago), 96 in New Mexico (97 week […]