Declining counts of active oil and gas drilling rigs returned to Permian Basin, Texas, New Mexico and U.S. as of Oct. 25, according to Baker Hughes.  The Houston-based oilfield services company said there are 417 rigs in Permian (422 previous week, 489 previous year), 418 rigs in Texas (423 previous week, 537 previous year), 110 […]

The president of Chevron-North America said Permian Basin won’t be susceptible to historic boom-and-bust cycles that have for decades occurred in the oil and gas industry.  Speaking Tuesday at the Lone Star Energy Forum in Austin, Steve Green said, “We see a long, healthy pace of activity in the Permian and Texas for decades to […]

A surge in construction jobs continues in New Mexico thanks to the oil and gas industry, according to the Santa Fe New Mexican. Industry group Associated General Contractors of America said New Mexico added 4,300 construction jobs in one year from August 2018 to August 2019 to reach 51,000 construction jobs. The New Mexican said […]

All seven major oil- and gas-producing regions in the U.S. posted declines in the count of drilled but uncompleted wells (DUC) in September. Anadarko (down 59 DUC wells from August) and Permian (down 49 DUC wells to 3,668) led the declines from the previous month. Across the U.S., there were 7,740 DUC wells in September […]

Texas recorded consecutive weeks of gains in count of active oil and gas drilling rigs as of Oct. 18 for the first time since April. Baker Hughes said Texas added 3 rigs in the previous week for a new total of 423 (540 a year ago) after adding 6 rigs in the Oct. 11 report […]

Houston-based Birch Resources has filed permits with the Railroad Commission of Texas to develop 19 horizontal wells targeting Spraberry at depths of up to 9,100 feet on the company’s Big Jay lease near Lenorah in Martin County. Houston Chronicle said Birch has filed a total of 74 drilling permit this year – all of them […]

Houston-based Salt Creek Midstream, portfolio company of funds managed by Ares Management and ARM Energy Holdings, last week said its Pecos II cryogenic processing plant is now in service. The plant with capacity of 200 MMcfd is Salt Creek’s second cryogenic processing facility in Pecos. Salt Creek now has 400 MMcfd of installed natural gas […]

The 57th annual meeting of Permian Basin Petroleum Association is scheduled next week in Petroleum Museum and Bush Convention and Civic Center in Midland. Speakers during the meeting Oct. 23-24 will include Wayne Christian, commissioner of the Railroad Commission of Texas, and Stephanie Garcia Richards, land commissioner of New Mexico.