East Daley Analytics recently attributed NGL production records in 2024Q4 to Targa’s Daytona pipeline from Permian Basin to Mont Belvieu and Targa’s access to Energy Transfer’s Sendero plant, where Daytona receives much of its NGL volumes in New Mexico.  NGL production hit another record in October 2024 after previous records in March, April, May and […]

Houston-based WaterBridge Operating and NDB Midstream said last week they agreed to support the long-term development plans of BPX Production in the Stateline region of Delaware Basin.  WaterBridge will construct and operate 400,000 barrels per day of new produced water capacity in the next three years with the ability to increase capacity to 600,000 b/d. […]

Midland-based Diamondback Energy said Thursday it reached agreement with subsidiary Viper Energy to sell mineral and royalty interests from subsidiaries of Diamondback for $1 billion in cash and about 69.6 million units of Viper’s operating subsidiary in a “drop down” transaction.  The transaction is valued at $4.45 billion. Travis Stice, chairman and CEO of Diamondback, […]

Counts of active drilling rigs in Permian Basin, Texas, New Mexico, and U.S. all fell in the past week, according to data in the weekly report of Jan. 24 from Baker Hughes.  The U.S. count dropped to 576, down 4 in the past week and 45 in the past year.  That’s the lowest U.S. count […]

Midland-based Warrior Technologies, environmental and industrial services company, said recently it closed on the acquisition of the field services unit that Diamondback Energy acquired in its purchase of Endeavor Energy Resources.  The purchase adds 84 employees to Warrior and 607 units to its fleet of equipment.  “It will help our focus on surface and soil […]

Birmingham, Ala.-based Diversified Energy said Monday it agreed to acquire Maverick Natural Resources, Houston-based private oil and gas company, for $1.275 billion (including debt).  Core areas for Maverick are Permian Basin, western Anadarko and Ark-La-Tex.  About 90 percent of Maverick’s production comes from these three areas.  Diversified’s core areas are Permian Basin, Appalachia, western Anadarko, […]

ExxonMobil continues to lead the U.S. and Permian Basin in counts of active oil and gas drilling rigs, according to a report from Enverus this week.  As of Jan. 17, the latest weekly average for ExxonMobil in U.S. and Permian was 34.9 followed in Permian by Occidental with 24.9, Diamondback Energy with 18.9, Mewbourne Oil […]

Houston-based Kinder Morgan, one of the world’s largest energy infrastructure companies, said this week it made final investment decision to develop the $1.7 billion Trident intrastate natural gas pipeline.  The 216-mile pipeline will deliver 1.5 Bcfd from Katy to the Port Arthur area.  Underpinned by long-term contracts, it is expected to be in service in […]

Railroad Commission of Texas recently adopted new rules to regulate oil and gas waste management facilities in the state.  Commissioners adopted the new rules at their meeting Dec. 17, 2024, after extensive reviews of public comments and stakeholder input.  The regulations cover waste from oil and gas operations and waste from other operations for which […]

Several members of the Texas legislature were in west Texas recently to learn about the oil and natural gas industry in the Permian Basin.  Senators and representatives from the 89th session now in progress in Austin attended a series of events, including site tours and panel discussions.  Rep. Pat Curry, R-Waco, told the Midland Reporter […]