A recent report from research firm IHS Markit said drilling in Permian Basin must accelerate to maintain current production volumes. According to the Houston Chronicle, the report said shale wells deplete faster that conventional vertical wells so more drilling is required to maintain higher production. Because drilling activity is declining in Permian Basin – and […]

Lubbock-based SitePro, oilfield automation technology company, acquired Integrated Control Solutions, according to the Midland Reporter Telegram, to double the number of sites using technology from either company. David Bateman, chairman and co-CEO, said there are now more than 1,000 sites using the SitePro platform. SitePro was active primarily in exploration and production, and Integrated Control […]

Denver-based wastewater company Gradient Energy Services said Dec. 17 it successfully completed a project to test equipment that uses evaporation to reduce volumes of water that need to be injected underground into disposal sites. Kushal Seth, vice president, told the Houston Chronicle the project conducted on behalf of a “super major” in Permian Basin “proved […]

Permian Basin led the nation in a declining drilling rig count in the final report of 2019 by Houston-based Baker Hughes. As of Dec. 27, there were 405 active oil and gas rigs in Permian Basin (414 previous week, 486 previous year/down 16.7 percent for year), 404 rigs in Texas (418 previous week, 532 previous […]

Tulsa-based Magellan Midstream Partners said Dec. 20 it will expand its pipeline transporting gasoline to Abilene and El Paso in west Texas and on to New Mexico, Arizona and Mexico to 175,000 barrels per day from 100,000 b/d. It’s the western leg of Magellan’s refined products pipeline known as the South system. Magellan also is […]

Houston-based Primus Green Energy and an unidentified global petrochemical company awarded a contract to Houston-based IHI E&C International Corp. for a front-end engineering and design study for a first-of-its-kind natural gas-to-gasoline plant in Texas. The proposed plant will consume 28 MMcfd of natural gas to produce 2,800 b/d gasoline. Primus said Dec. 11 the plant […]

Dallas-based Matador Resources received 14 drilling permits for its Stateline asset area in southern Eddy County, N.M., from the Bureau of Land Management. Matador said Dec. 17 it now has 24 permits to drill oil and natural gas wells on federal leasehold it acquired from BLM in its New Mexico lease sale in September 2018. […]

Crude oil production leader Permian Basin is expected to add an additional 48,000 barrels of production per day next month to reach 4.742 million barrels of crude oil per day, according to the drilling productivity report of Dec. 16 for seven major regions by the U.S. Energy Information Administration. Because of contractions in most other […]

The Texas Petro Index by petroleum economist Karr Ingham declined for the eighth straight month in October and fell below 200 for the first time since 2010. The index, based on a comprehensive set of industry economic indicators, was 196.9 for October (base 100 in January 1995). The index started the year at 212.5 in […]

Interim charges to committees in the Texas House of Representatives include a joint charge to the energy resources and ways and means committees to study the status of recycling and reuse of produced oil and gas wastewater and evaluate methods to incentivize these processes. Speaker Dennis Bonnen also requested that the energy resources committee study […]