Arlington-based U.S. Energy Development Corp. said Sept. 8 it acquired a $50 million asset in Loving County in the core of the Delaware Basin.  The project includes wells targeting third Bone Spring, Wolfcamp A and Wolfcamp XY.  U.S. Energy said it has invested $135 million in Permian Basin in the past year.  This is the […]

Houston-based WaterBridge Holdings said Sept. 10 it acquired the produced water infrastructure acquired in June by Colgate Energy from Occidental Petroleum.  WaterBridge also said it has a new 15-year produced water management agreement for Colgate’s operated acreage in Reeves and Ward counties.  The acquired assets include 10 water-handling facilities, associated water midstream infrastructure (capacity 100,000 […]

The industry’s evacuation of infrastructure in Gulf of Mexico ahead of Hurricane Ida led to a loss of 11 active drilling rigs in U.S. as of Sept. 3, according to Baker Hughes.  There were 5 additional rigs on land, but the number of rigs drilling offshore was down 13 in the previous week to 2.  […]

Tulsa-based Laredo Petroleum, pure play Permian operator, said last month it brought online in central Howard County in 2021Q2 its first multi-well package to use wider spacing in Wolfcamp A.  Laredo said its third multi-well package in Howard, the 13-well Davis unit (10 wells in lower Wolfcamp A, 3 wells in lower Spraberry), is outperforming […]

In a report released last month, U.S. Energy Information Administration said Midland Basin accounted for 15 percent of total crude oil production (1.68 million b/d) and 6 percent of total dry natural gas (5.4 billion cfd) in U.S. in 2020.  In the past decade, exploration and production in Midland Basin, within Texas’ borders in eastern […]

Austin-based WhiteWater Midstream said Aug. 26 it is acquiring Gateway pipeline of Sendero Midstream Partners in northern Delaware Basin.  In service since late 2020, the 24-inch pipeline extends 24 miles north from Reeves County to the Carlsbad area.  It’s connected to WhiteWater’s Agua Blanca natural gas pipeline system, joint venture of WhiteWater and MPLX serving […]

Irving-based major ExxonMobil said Tuesday it has reached agreement with independent, non-profit MiQ to begin certification process for natural gas produced at its facilities at Poker Lake in northern Delaware Basin in New Mexico.  Certified natural gas, sometimes referred to as responsibly sourced gas (RSG), validates emissions reduction efforts and helps customers meet emissions goals.  […]

Data from Texas Workforce Commission and Texas Oil and Gas Association released last week and reported by Houston Chronicle show that production and exploration companies in the state added 1,500 jobs in July “as the industry continues to recover from the pandemic-driven oil bust.” The state’s upstream sector has recovered 17,000 jobs (of 60,000 jobs […]

Baker Hughes’ count of active oil and gas drilling rigs in U.S. remained at or above 500 for the third straight week. As of Aug. 27, there were 508 rigs in U.S. (5 more than previous week and double 254 of a year ago). And there were 249 rigs in Permian Basin (247 previous week, […]

Midland-Petro D.C. Partners and Houston-based private investment firm Andros Capital Partners agreed to a joint venture for a drilling program targeting Spraberry and Wolfcamp in Midland County. Andros Capital said Aug. 25 it will fund $150 million to participate. Phillip A. Gayle, Jr., Andros managing partner, said, “This transaction underscores Andros’ commitment to investing in […]