Production of crude oil in the Permian Basin is forecast to grow to 4.423 million barrels a day in September – an increase of 75,000 b/d from 4.348 million b/d in August – according to the latest drilling productivity report from U.S. Energy Information Admnistration. Permian will provide 88 percent of September growth across the […]
Rig counts: 56 each in Reeves and Lea, 48 each in Midland and Eddy
Reeves in Texas and Lea in New Mexico, the leading counties in Permian Basin, each lost 1 rig in the previous week for new totals of 56 as of Aug. 23, according to the latest count of oil and gas drilling rigs by Baker Hughes. And Midland in Texas and Eddy in New Mexico also […]
Trafigura Trading begins shipments of crude from Permian on Cactus II
Global commodities trader Trafigura recently commenced shipments of crude oil from Permian Basin to Corpus Christi and Ingleside via the newly operational Cactus II pipeline. Trafigura Trading signed a longterm agreement last year with Plains All American Pipeline to transport 300,000 barrels a day on Cactus II, which has a capacity of 670,000 b/d. Deliveries […]
H2O Midstream acquires produced water assets in Howard County
Houston-based H2O Midstream said Aug. 21 it acquired produced water infrastructure in Howard County from Corpus Christi-based exploration and production company Sabalo Energy. H2O acquired 37 miles of oilfield water pipelines, 9 saltwater disposal wells and 4 permits to develop additional disposal sites. The Sabalo system already is connected to H2O Midstream’s water-gathering network, and […]
Construction begins on Permian Highway gas pipeline to Gulf Coast
Construction is beginning on Permian Highway, a $2 billion partnership of Houston-based Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream Processing. Kinder Morgan Texas is building for the partnership the 430-mile pipeline to transport natural gas from Waha in Pecos County to the Gulf Coast with access to multiple markets. It is scheduled to be […]
Pioneer Natural Resources to drill 8 wells in Midland, Upton counties
Irving-based Pioneer Natural Resources earlier this month filed eight drilling permits with the Railroad Commission of Texas to develop horizontal wells on seven leases in Midland and Upton counties. The Houston Chronicle said the wells will target the Spraberry formation in Midland Basin to depths of 10,531 feet. In a recent investors call, Pioneer CEO […]
Baker Hughes: Reeves, Lea share Permian lead with 57 drilling rigs each
Reeves County now shares the Permian Basin lead in active oil and gas drilling rigs with Lea, N.M., with 57 units each, according to the Aug. 16 report from Baker Hughes. In the past week, Reeves lost 5 rigs, and Lea added a rig. Midland (up 2 in past week) and Eddy, N.M., each has […]
EPIC Y-Grade Holdings to build ethane, ethylene pipelines
San Antonio-based EPIC Y-Grade Holdings said Aug. 15 its affiliates EPIC Y-Grade Pipeline and EPIC Olefins will build more than 130 miles of 12-inch ethane and ethylene pipelines to support the 1.8 million metric ton ethane steam cracker being built by Gulf Coast Growth Ventures in San Patricio County. Both pipelines are scheduled to be […]
Qatar investing in Midland’s Oryx Midstream Services
A state-owned company from Qatar signed a $550 million deal to buy an interest in and expand Midland-based Oryx Midstream Services, a pipeline company that transports crude oil in the Permian Basin. Oryx said Qatar Investment Authority bought “a significant stake” of its operations from New York private equity firm Stonepeak Infrastructure Partners. Founded in […]
EPIC delivers its first Permian Basin crude to Corpus Christi, Ingleside
San Antonio-based EPIC Crude Holdings said this week interim crude service on the 24-inch EPIC Y-grade pipeline has started – making its first delivery of Permian Basin crude from Crane to multiple terminals and refiners in Corpus Christi and Ingleside. EPIC said Monday during interim service it can deliver up to 400,000 barrels of oil […]
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