State-controlled Ecopetrol of Bogota, Colombia, announced last month an aggressive development program in 2021 for its Midland Basin joint venture with Occidental Petroleum. Ecopetrol said Feb. 24 it plans to triple its investment in Permian Basin in 2021 to $600 million ($193 million last year), increase production to as much as 14,000 b/d (from a […]

Houston-based Select Energy Services, water management provider, said last month it will begin operations by the end of 2021Q1 on two water reuse and recycling projects serving customers in Midland and Delaware basins. John Schmitz, president and CEO, said Select will “partner with two leading E&P companies in the Permian Basin to provide full life-cycle […]

Jennifer M. Granholm, professor at University of California-Berkeley and former governor of Michigan, was confirmed as secretary of energy in the administration of new President Joe Biden. She was sworn in Feb. 25 after being approved by the Senate with a vote of 64-35. Granholm was the first female attorney general of Michigan in 1998-2002 […]

Enverus said flaring intensity in Permian Basin, measured via satellites, was about 180 MMcfd in February. Estimated flared volumes are holding in line with the post-covid19 activity drop. Permian flared volumes fell from about 520 MMcfd in March 2020 to about 300 MMcfd in April. Enverus added, “Although operators returned to the play, total flaring […]

Production of oil and natural gas is expected to decline again this month in seven U.S. major producing regions, according to the latest drilling productivity report from the U.S. Energy Information Administration. Across the seven regions, oil production is forecast to decline by 77,000 b/d in March to 7.504 million b/d from 7.581 million b/d […]

Arlington-based U.S. Energy Development Corp., privately-held oil and gas operator, last week said it acquired interests in Shetland and WarWink oil development projects in Delaware Basin. Shetland is located in an opportunity zone in Eddy County, N.M., and contains an interest in 14 producing wells and 6 recently proposed oil wells targeting initial production in […]

Dallas-based Energy Transfer said last week it agreed to acquire Enable Midstream Partners of Oklahoma City in an all-equity transaction valued at $7.2 billion. Energy Transfer’s Feb. 17 announcement reported “complementary assets with significant integration opportunities.” The acquisition will increase Energy Transfer’s footprint across multiple regions and provide increased connectivity for its natural gas and […]

Recent winter storms that brought ice, snow and sub-zero weather to Texas in February slowed drilling activity in the oil and gas industry. Baker Hughes said that as of Feb. 19 Permian Basin and Texas each added only 1 active rig in the previous week, and rig counts in New Mexico and U.S. were unchanged. […]

Enverus said last week estimates of flaring intensity in Permian Basin, measured via satellites, was about 160 MMcfd for January 2021. Estimated flaring intensity remained steady in October, November and December 2020 at more than 200 MMcfd. Enverus added, “An increase in egress capacity out of the basin as well as greater pressure on operators […]