According to Baker Hughes, Texas added a rig last week to break its streak of 14 straight weeks of declining counts of active oil and gas rigs. As of June 26, Texas had 112 rigs (111 previous week, 464 previous year). The U.S. count fell for 16th consecutive week to 265 (266 previous week, 967 […]
RSEG: Flaring increases in June after decline in May in Permian Basin
RS Energy Group said June 26 that flaring intensity increased in June in Permian Basin after declining in May. RSEG estimated (with satellite data) flaring in June at 400 MMcfd for an increase of 54 percent over May. Driven by shut-ins, flaring had declined 136 MMcfd from April to May. “We believe the June increase […]
SM Energy files 8 permits in Howard, Martin counties to lead June 17-23
Denver-based SM Energy filed 8 drilling permits with the Railroad Commission of Texas during the week of June 17-23 for horizontal wells on 3 leases in Howard and Martin counties. Houston Chronicle said the wells target the Spraberry field at depths of 10,000 to 10,350 feet. Also filing 8 permits was French oil major Total […]
Hi-Crush idles plants leaving only one each in west Texas and Wisconsin
Houston-based Hi-Crush said June 25 it has idled three production and three terminal facilities since April and now has operating (at reduced rates) only its Kermit facility in west Texas and Wyeville facility in Wisconsin. Hi-Crush provides proppant and logistics services for hydraulic fracturing operations. The company also adjusted the deployment schedule for its first […]
Permian Basin returns to status as top destination for fracturing crews
Investment firm Tudor, Pickering, Holt & Co. said this week Permian Basin is again the top location of U.S. hydraulic fracturing crews. Marcellus Basin in Pennsylvania had replaced Permian as No. 1 in Tudor’s previous report, but 10 more crews have returned to oilfield since – most of them in Permian. Of the 450 available […]
Railroad Commission hears recommendations on reducing flaring
Commissioners of the Railroad Commission of Texas heard recommendations on flaring from three groups at a hearing in Austin June 16 and asked the RRC staff “to consider the recommendations and come back to the commission this fall with a plan of action.” Commissioners heard from industry trade associations, environmental advocacy groups, and oil and […]
Rig count decline likely to continue at slower pace in third quarter
Thirteen additional oil and gas rigs were idled in the past week in U.S., according to June 19 weekly report from Baker Hughes, for a new total of 266 – lowest since the Houston-based service company began keeping records in 1940. It marked the 15th consecutive week of U.S. declines since March and seventh consecutive […]
Midland’s Intrepid acquires directional drilling business of Gyrodata
Midland-based Intrepid Directional Drilling Specialities acquired the directional drilling business, including personnel and equipment, of Houston-based Gyrodata to double Intrepid’s capabilities in North America and expand its presence in Latin America. Robert Trainer, president and CEO of Gyrodata, said April 30 when his company announced the sale, “We are helping to build a truly unique […]
EOG Resources among independents “best positioned” for recovery
U.S. bank Goldman Sachs told Argus Media that Parsley Energy, Pioneer Natural Resources, EOG Resources, Concho and Diamondback Energy are among upstream independents “best positioned for a recovery given their favorable supply costs, well inventories and balance sheets.” Argus said June 15 that EOG is focusing on developing its position in Delaware Basin. The firm […]
Matador completes wells in Eddy, Lea counties in Delaware Basin
Dallas-based Matador Resources said June 18 that five Ray State wells in eastern portion of Rustler Breaks in Eddy County and six Rodney Robinson wells in western portion of Antelope Ridge in Lea County have been completed and turned into sales. The company also said it is concluding completion operations on five Leatherneck wells in […]
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