Flaring intensity in Permian Basin, as measured by satellites, was estimated at 290 MMcfd in September, according to Enverus Intelligence and RS Energy Group. Flaring intensity fell about 175 MMcfd or 38 percent from August. Enverus added, “Activity has started to return to the basin, which may account for elevated flaring levels through the summer […]

Counts of active oil and gas drilling rigs increased for the second straight week in Texas and U.S. in the weekly report for Sept. 25 from Baker Hughes. Texas added 7 rigs to increase to 113, and U.S. added 6 rigs to increase to 261. In the past week Permian Basin added 2 rigs to […]

Dallas-based Matador Resources said Sept. 22 the results of the first four of its 13 Boros wells completed and turned to sales in its Stateline area in Eddy County include the Boros #215H with “the best IP test result that Matador has achieved for Wolfcamp A-lower formation and among the very highest IP test results […]

Houston-based Kinder Morgan placed the Lockridge natural gas pipeline into service in September, according to a filing Sept. 28 with the U.S. Federal Energy Regulatory Commission reported by Reuters. Lockridge is designed to remove gas from Permian Basin, where pipeline capacity has not kept up with the amount of gas associated with oil production. The […]

Houston-based Max Midstream said Sept. 23 it acquired Seahawk pipeline and terminal from Oaktree Capital at Port of Calhoun with plans for a pipeline that will connect the port to producers in Permian Basin and Eagle Ford. Max Midstream said the new pipeline will “transport up to 20 million barrels a month to a revitalized […]

Two Oklahoma-based shale producers, Devon Energy and WPX Energy, said this week they will combine in a $2.56 billion all-stock deal to create one of the nation’s largest producers with a dominant position in Delaware Basin. The “merger of equals” creates a combined company valued at about $12 billion to be named Devon Energy and […]

Organizers of next month’s Permian Basin International Oil and Gas Show said recently the show is being postponed because of coronavirus pandemic. The show scheduled Oct. 20-22 will be delayed until Oct. 19-21, 2021. The executive committee voted to postpone it for the first time since World War II. They said, “It is not realistic […]

Railroad Commission of Texas said this week it exceeded for the fourth straight year its goal for plugging abandoned oil and gas wells. For the fiscal year that ended Aug. 31, the agency plugged 1,477 orphan wells to exceed the goal of 1,400 set by the legislature for FY2020. The program is funded by industry […]

Rig counts in Texas and U.S. inched up by 1 rig each in the Sept. 18 report from Baker Hughes, but the count in New Mexico fell to a 2020 low of 43 rigs. Texas has 106 rigs (105 week ago, 423 year ago), and U.S. has 255 rigs (254 week ago, 868 year ago). […]

U.S. crude oil production from seven major shale formations is expected to decline by 68,000 barrels per day in October to 7.64 million b/d, according to the latest drilling productivity report from U.S. Energy Information Administration. That would be the first decline in production since May based on revised data from the agency. Output from […]