Enverus Intelligence from RS Energy Group said Sept. 4 that flaring intensity in Permian Basin, measured by satellite, averaged about 440 MMcfd in August – down from about 480 MMcfd in July. RSEG said flaring intensity had increased from about 330 MMcfd in June through the end of July by about 150 MMcfd or 45 […]

Rig counts as of Sept. 4 in U.S., Permian Basin, Texas and New Mexico remain above the 2020 low counts registered last month, according to the latest report from Baker Hughes. There were 256 rigs in U.S. (254 previous week, 2020 low of 244), 125 rigs in Permian Basin (125 previous week, 2020 low of […]

Fort Worth-based HighPeak Energy, Inc., said Aug. 24 it plans to increase production by yearend by bringing 15 horizontal wells online and drilling an additional six wells. High Peak Energy, Inc., is the company formed by the closing of Pure Acquisition Corp.’s acquisition of oil and gas assets of HighPeak Energy LP and HighPeak Energy […]

Houston-based oil and gas producer ConocoPhillips last week withdrew a request to Railroad Commission of Texas to extend flaring permits at 41 sites in west Texas. John Roper of ConocoPhillips told Reuters that the company is reducing flaring in the Goldsmith area in Andrews and Ector counties in Permian Basin by improving operations. “These efforts […]

Houston-based Enterprise Products Partners said this week it has cancelled its Midland-to-ECHO 4 crude oil pipeline (M2E4) to markets in the Houston area. EPP amended long-term agreements with customers to reduce the volume of near-term shipping commitments in exchange for extending terms of the agreements. EPP said Wednesday the agreements will allow Enterprise to use […]

Houston-based Palisade Pipeline said recently it will build a 100-mile pipeline to transport treated wastewater from Lubbock to customers in Permian Basin. The company signed an agreement to purchase 6 million gallons of treated wastewater a day from City of Lubbock; pumps along the route will transport water to a reservoir near Hobbs, N.M., for […]

Counts by Baker Hughes of active oil and gas drilling rigs declined in Permian Basin, Texas and New Mexico last week, but the U.S. count was unchanged at 254 after adding 10 rigs the previous week to reverse a five-month decline. As of Aug. 28, Permian Basin had 125 rigs (127 previous week), Texas had […]

An auction of federal oil and gas leases last week in New Mexico and Texas attracted far less interest from drillers than recent sales, according to Reuters. U.S. Bureau of Land Management sold 93 land parcels (primarily in NM) covering more than 45,000 acres Aug. 27 after a smaller sale of 2,800 acres Aug. 26. […]

Houston-based Phillips 66 Partners said this week it will expand the Gray Oak pipeline and add a destination in Victoria County. There will be new takeaway capacity from west Texas to be placed into service in first half of 2022. Gray Oak pipeline achieved full service in 2020Q2 and supplied the first crude oil to […]

Dallas-based San Mateo Midstream said Tuesday it completed and successfully placed in service an expansion of Black River cryogenic natural gas processing plant in Eddy County, N.M. The expansion adds inlet capacity of 200 million cubic feet of natural gas per day to the existing inlet capacity of 260 million cubic feet per day for […]