Permian Basin and Texas continue to add drilling rigs as the price of a barrel of crude oil settled above $80 this week for the first time in seven years.  Baker Hughes said as of Oct. 8 there were 266 rigs in Permian (263 previous week, 130 previous year), 247 rigs in Texas (243 previous […]

Richardson-based Sentinel Midstream said Oct. 4 it will operate two ExxonMobil crude oil pipelines in the Houston area under a new joint venture with subsidiary ExxonMobil Pipeline.  Enercoast Midstream, the joint venture, will provide last-mile links for Permian Basin, Gulf of Mexico and other barrels in the Houston market.  For the JV, ExxonMobil will contribute […]

San Antonio-based Water Energy Services said Sept. 23 it acquired the fluid management and saltwater disposal well assets of Houston-based Key Energy Services.  Water Energy Services provides water logistics, fluid management, oil reclamation, saltwater disposal and water recycling in Permian Basin and Eagle Ford.  Assets acquired include 32 SWDs, frack tanks, transport vehicles and other […]

Rattler Midstream, subsidiary of Midland-based Diamondback Energy, said Monday it invested $104 million to acquire a minority interest in a joint venture that bought a majority interest in a Midland Basin gas gathering and processing company from West Texas Gas.  The assets consist primarily of an interconnected gas gathering system and six major gas processing […]

Houston-based APA Corp. said this week its subsidiary Apache Corp. has ended routine flaring in U.S. onshore operations to achieve one of its ESG goals for 2021 three months early.  Apache midstream company Altus Midstream invested $850 million in two new natural gas pipelines, and Apache made firm transportation commitments for both pipelines to help […]

U.S. Bureau of Ocean Energy Management said Sept. 30 it will hold a lease sale Nov. 17 for oil and gas exploration in Gulf of Mexico.  It will include 15,135 blocks from 3 to 231 miles offshore in water depths from 9 to 11,115 feet.  Royalty rates will be 12.5 percent for leases in less […]

Commissioner Wayne Christian last month was elected chairman of the Railroad Commission of Texas to succeed Midland’s Christi Craddick.  “It is my privilege to serve as chairman at a point when our nation’s energy security is under threat by those in the media, the education system and, most of all, the federal government,” Christian said […]

Permian Basin added rigs for the eighth straight week (and 12 of the last 14 weeks) as of Oct. 1, according to Baker Hughes.  There were 263 rigs in Permian Basin (260 last week, 129 last year), 243 rigs in Texas (242 last week, 113 last year), 86 rigs in New Mexico (84 last week, […]

Vancouver-based Permex Petroleum Corp. said Sept. 13 it reached non-binding agreement with a third-party independent seller to purchase oil and gas assets in Permian Basin in an all-stock transaction valued at $2 million.  Permex will acquire 100 percent working interest in assets of 7,870 gross acres in Martin County (98 percent considered held by production).  […]

Houston-based Coterra Energy is the new company formed by closing of the $17 billion merger of Cabot Oil & Gas Corp. and Cimarex Energy Co.  Coterra will operate in more than 700,000 acres in Permian, Anadarko and Marcellus basins that produced 605,000 boed in 2021Q2.  The assets include Cimarex’s 560,000 net acres in Delaware Basin […]