Houston-based Marathon Oil said last week it expects 2022 production to remain flat with 2021 averages.  In 2022Q1 production averaged 281,000 boed and 158,000 bod; 57 wells were brought online (consistent with guidance of 50 to 60 wells to sales).  Production in Eagle Ford for 2022Q1 was 53,000 bod and 80,000 boed with 28 wells […]

Midland-based Diamondback Energy said last week it remains committed to maintaining current oil and gas production levels.  Diamondback averaged 222.8 million bod and 381.4 boed in 2022Q1 with capex of $437 million.  Guidance for 2022 is 218,000 to 222,000 bod and 369,000 to 376,000 boed.  Diamondback plans to add 248 to 267 wells this year […]

Fort Worth-based HighPeak Energy recently said it is acquiring Midland Basin oil and gas assets of Midland-based Hannathon Petroleum for $255 million cash and stock.  The acquisition, valued at $373 million, will provide HighPeak with 18,600 net acres (100 percent operated) and about 150 net drilling locations (200 gross) contiguous to HighPeak’s Signal Peak position.  […]

Enverus said this week the number of three-mile laterals in oil and gas drilling has reached an all-time high.  As of April 29 there were 343 laterals of at least three miles reported for 2021.  And Enverus said that number is likely to grow because some completions for 2021 likely have not yet been reported.  […]

U.S. Department of Energy recently authorized additional natural gas exports from planned terminals in Texas and Louisiana.  The orders allow Golden Pass LNG (18 million tonne/year) in Sabine Pass near Port Arthur to export an additional 350 million cfd and Magnolia LNG (8.8 million tonne/year) in Lake Charles, La., to export an additional 150 million […]

Houston-based Kinder Morgan said last week it has secured a long-term binding agreement with a foundation shipper for half of the announced expansion capacity of 650 million cfd for the Permian Highway pipeline that moves gas from Waha in west Texas to Katy and other Gulf Coast markets.  The project still is subject to a […]

Baker Hughes’ count of active oil and gas drilling rigs in Permian Basin continues to increase.  As of April 29, there were 335 rigs in Permian Basin (up 1 in past week, up 111 in past year), 345 in Texas (down 1 in past week, up 133 in past year), 97 rigs in New Mexico […]

Calgary-based Qube Technologies said recently TRP Energy committed to deploy Qube emissions monitoring technology at its 25 facilities in Permian Basin.  Qube provides oil and gas producers with “a low-cost and accurate solution” using fixed sensors on site that continuously monitor multiple gases for leaks.  Data collected by the sensors are analyzed using advanced algorithms […]

Dallas-based Matador Resources said April 26 it averaged monthly production of more than 100,000 boed in March for the first time in the company’s history.  And Matador said it expects to continue to average above 100,000 boed for the remainder of 2022.  In February in Lea County, N.M., Matador turned to sales 11 new Voni […]

Irving-based ExxonMobil said last week about 200 million cubic feet per day of natural gas produced in its Permian Basin facilities at Poker Lake, N.M., have been independently certified and received the top grade for methane emissions management.  The certification from MiQ helps Exxon meet customer demand for energy produced with fewer emissions.  Tom Schuessler, […]