Texas remains the U.S. leader in count of active drilling rigs with 455 (454 previous week, 524 previous year), and New Mexico increased its lead over Oklahoma as No. 2. As of Aug. 2, according to Houston-based Baker Hughes, there were 107 rigs in New Mexico (109 previous week, 102 previous year) and 88 in […]
Denver’s Felix Energy files permits for 21 wells in Loving County
According to permits filed with the Railroad Commission of Texas, Denver-based Felix Energy plans to drill 21 horizontal wells on its Smoking Joe lease in Loving County, the Houston Chronicle reported earlier this week. The wells include 16 targeting the Phantom field of the Wolfcamp formation and 5 targeting the Two Georges formation of Bone […]
Top driller ExxonMobil files permits for 45 new wells in west Texas
ExxonMobil, the top driller in Texas as measured by permits, is preparing to drill at least 45 new oil wells in west Texas, The Houston Chronicle said earlier this week ExxonMobil filed 53 drilling permits in the past week with the Railroad Commission of Texas, including 45 in west Texas. Shale drilling subsidiary XTO Energy […]
ONEOK to expand West Texas LPG pipeline in Delaware, Midland basins
Tulsa-based ONEOK said last month it plans to expand its West Texas LPG pipeline in Permian Basin. ONEOK said it will spend $145 million to develop an additional 40,000 barrels per day of capacity by 2021Q1. Since October 2017 ONEOK has announced expansions totaling 160,000 b/d on the West Texas LPG pipeline system. Terry K. […]
Permian Pass will be Kinder Morgan’s third major natural gas pipeline
In a call with investors last month, Houston-based pipeline operator Kinder Morgan said it will route Permian Pass, its newest natural gas pipeline, from west Texas to southeast Texas, in support of the liquefied natural gas industry on the Gulf Coast. The exact route is being determined. Permian Pass will be the company’s third project […]
Lucid Energy, XTO Energy reach agreement for gas gathering, processing
Dallas-based Lucid Energy said last month it has reached agreement with ExxonMobil subsidiary XTO Energy for long-term natural gas gathering and processing. XTO will deliver natural gas production from its leases in southeastern New Mexico to Lucid’s South Carlsbad gas gathering and processing system. Lucid said, “The agreement provides XTO with firm processing capacity and […]
Oxy forms JV with Ecopetrol to develop 97,000 net acres in Midland Basin
Houston-based Occidential Petroleum said last week it is forming a joint venture with Bogota-based Ecopetrol to develop 97,000 net acres of Oxy’s Midland Basin properties in Howard, Martin and Midland counties. Ecopetrol will pay $750 million in cash at closing and $750 million of carried capital in exchange for 49 percent interest in the JV. […]
Plains completes Cactus II crude pipeline, oil flows to start next week
Houston-based Plains All American Pipeline said Tuesday on its earnings call that partial crude oil flows will start next week on Cactus II pipeline from west Texas to Corpus Christi. Plains said Cactus II has been completed, and it will begin full operation in 2020Q1. The Houston Chronicle reported, “This is considered a major project […]
Analyst: Almost 1,000 more salt water disposal wells needed by 2030
Raymond James & Associates analyst Marshall Adkins told clients Monday that Permian Basin will need almost 1,000 additional salt water disposal wells by 2030. Recycling efforts currently can’t handle the 17.5 million barrels per day of “dirty” water produced in the Permian Basin, Adkins said. “As crude production grows, produced ‘dirty’ water grows even faster. […]
Energy revenue tops $1 billion for New Mexico State Land Office in FY 2019
State Land Office in New Mexico said last month it expects to receive about $1.1 billion in revenue from energy development in fiscal year 2019. That’s an increase over the record $852 million in FY 2018. Funds will become available this fall when oil and gas royalties are collected. Stephanie Garcia Richard, state land commissioner, […]
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