New Mexico added another drilling rig in the past week, according to Baker Hughes, to reach 80 active oil and gas rigs for the first time since April 2020. There were 47 rigs in New Mexico a year ago. Baker Hughes said as of Aug. 20 also there were 231 rigs in Texas (232 week […]

U.S. oil production from seven major shale formations is forecast to grow by 49,000 barrels per day in September, according to drilling productivity report of Aug. 16 from U.S. Energy Information Administration. That growth is led by Permian Basin, which is expected to increase by 49,000 b/d from 4.756 million b/d in August to 4.805 […]

Houston-based Halliburton Co. said Aug. 19 it successfully executed its SmartFleet intelligent fracturing system with a major operator in Permian Basin. Aaron Hunter, vice president-Midland Basin for ConocoPhillips, described SmartFleet as “a tool that provides valuable insights into subsurface fracture placement. These insights lead to informed decisions that improve fracture performance.” Halliburton vice president Michael […]

Houston-based Targa Resources said Aug. 5 it will construct a cryogenic processing plant, Legacy (250 million cubic feet per day), in Midland Basin, and it completed relocation of another processing plant (200 MMcfd) to Midland Basin from north Texas. The $70 million Legacy plant is expected to begin commercial operations in 2022Q4. The Longhorn plant […]

Milan, Italy-based De Nora, global provider of water and wastewater treatment solutions with a water technologies office in Sugar Land, said Aug. 11 it completed Phase I of a large wastewater recycling project in Delaware Basin. De Nora said it achieved produced water rates exceeding 140,000 barrels a day or more than five million barrels […]

CEO of Permian Basin driller Patterson-UTI said recently that Q3 will produce a higher growth in rig count that might leave some customers scrambling for rigs. Andy Hendricks told reporters July 29 that Patterson-UTI already has signed contracts to operate an average of 24 rigs through 2022Q2 – including an international E&P company that will […]

Houston-based Moss Creek Resources Holdings, subsidiary of Surge Energy, said Aug. 11 it acquired leasehold interests and wells in Howard County from Apache for $37.5 million. The assets include 4,000 net leasehold acres (100 percent held by production) adjacent to existing leasehold position, 800 net boed of production, 14 net drilling locations, and saltwater disposal […]

Midland-based Viper Energy Partners, mineral and royalties affiliate of Diamondback Energy, said Aug. 9 it is acquiring mineral and royalties interests from Swallowtail Royalties and Swallowtail Royalties II in a stock and cash transaction valued at $498 million ($225 million cash). Viper will acquire 2,302 net royalty acres primarily in northern Midland Basin – 65 […]

Count of active oil and gas drilling rigs in U.S. reached 500 in the past week, according to Baker Hughes, for the first time since April 2020. Baker Hughes said as of Aug. 13 there were 500 rigs in U.S. (491 week ago, 244 year ago), 245 rigs in Permian Basin (243 week ago, 117 […]

Arlington-based U.S. Energy Development Corp. announced this week its second transaction in five days in Permian Basin. CEO and board chairman Jordan Jayson said Monday the latest addition is located in Reeves County in the Delaware Basin targeting Wolfcamp purchased for $14.1 million. “The Permian Basin continues to be an area where we actively pursue […]