Houston-based EOG Resources resumed its status as No. 1 driller in Texas, according to a report this week in Houston Chronicle. EOG has filed 175 drilling permits with the Railroad Commission of Texas to date to overtake ExxonMobil (105). Midland’s Diamondback Energy (151) and Irving-based Pioneer Natural Resources (144) also have overtaken Exxon followed by […]
Exxon, Pioneer, 3 others launch “Project Astra” network to detect emissions
Five industry groups, including Irving companies ExxonMobil and Pioneer Natural Resources, said this week they are collaborating on a new sensor network to monitor methane emissions in Permian Basin. Officials said Project Astra could revolutionize the way leaks are found and repaired. Joining Exxon and Pioneer are Gas Technology Institute, Environmental Defense Fund, and University […]
EOG Resources to reduce 2020 drilling, production forecast
Houston-based EOG Resources, in its May 7 announcement of first quarter results, said it reduced rigs in the last six weeks from 36 to 8 and will have an average of 6 rigs for the remainder of 2020. EOG in 2020 will focus drilling in Permian Basin and Eagle Ford, produce about 390,000 b/d of […]
“Full-on retreat” in U.S. rig count, but New Mexico reverses decline
The streak of declining rig counts reached nine weeks in the U.S. in Baker Hughes’ weekly report of May 8, but New Mexico ended its streak at seven weeks. U.S. lost 34 more rigs in the previous week for a new total of 374 (988 a year ago). The U.S. count is down 62 percent […]
Texas LNG receives TCEQ permit for export terminal
Houston-based Texas LNG received a state permit last week for its proposed export terminal at Port of Brownsville. Houston Chronicle said the permit received May 6 from Texas Commission on Environmental Quality had “stricter air pollution standards than the company had previously proposed.” The permit authorizes Texas LNG to produce up to four million metric […]
Wheat Energy Partners files permits for first projects in Reeves County
Fort Worth-based Wheat Energy Partners, founded in 2018, filed permits to drill its first projects in Delaware Basin. Houston Chronicle said Wheat Energy filed permits with Railroad Commission of Texas for four horizontal wells in Reeves County targeting Wolfcamp to total depth of 14,000 feet. The Chronicle said Wheat Energy “is choosing to drill its […]
Concho to average 8 rigs for remainder of 2020; Kermit sand plant idled
Midland-based Concho Resources said last week it is again reducing capital spending for 2020 to $1.6 billion (40 percent below original budget) and complete about 110 to 130 gross operated wells. Concho said April 30 it expects to average about 8 rigs for the remainder of the year. First quarter oil production totaled 209,000 b/d […]
Commission allows temporary storage of oil in other underground places
Railroad Commission of Texas voted at its meeting this week to allow companies to store crude oil underground in places other than salt caverns. “This order does not suspend any rule that protects public safety, health or the prevention of pollution,” chairman Wayne Christian said Tuesday. Associated Press said the new rule, proposed by the […]
Commission asks oil recovery task force to study flaring
Railroad Commission of Texas, at its meeting this week, asked the recently-appointed task force on economic recovery to study flaring. “Flaring is an ongoing problem for the oil and gas industry,” chairman Wayne Christian said Tuesday. “The problem of flaring and its perception has caused a lot of financial problems. The issue is not going […]
U.S. idles 385 of 793 rigs (49 percent) during 8 straight weeks of decline
During the eight-week decline in count of active oil and gas drilling rigs, U.S. operators have idled 385 rigs to fall from 793 rigs to 408 in Baker Hughes’ report of May 1. There have been seven-week declines in Permian Basin (down 199 rigs from 418 to 219), Texas (down 207 rigs from 408 to […]
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