Permian Basin added 2 rigs in the past week, according to Baker Hughes, but Texas and U.S. declined in the Jan. 24 report. Permian Basin was up 2 to 405, but down 79 in the past year. Texas had 397 active oil and gas drilling rigs (401 previous week, 517 previous year), and U.S. had […]

A report from Texas Independent Producers and Royalty Owners Association says Permian Basin employed 87,603 people in the oil and gas industry in 2019 – an increase of about 3,200 new jobs compared to 2018 in the basin’s 63 counties in west Texas and eastern New Mexico. TIPRO said employment grew by 42,833 people in […]

Landowners along the proposed 626-mile path of Permian Global access pipeline in Texas and Louisiana began receiving letters last month from Tellurian. The project is being designed to transmit 2 billion cubic feet per day of natural gas from west Texas to Lake Charles, La., by late 2023 or early 2024. It was proposed in […]

Austin-based Parsley Energy completed its acquisition of Jagged Peak Energy of Denver and filed 12 drilling permits with the Railroad Commission of Texas. Parsley announced closing of the sale Jan. 10, and Jan. 21 Houston Chronicle reported the 12 permits – 8 horizontal wells in the Phantom field of Wolfcamp on leases in Reeves and […]

Houston-based Natural Gas Pipeline Co. of America received permission Jan. 22 from the U.S. Federal Energy Regulatory Commission to begin building its Lockridge extension pipeline project (capacity 500,000 MMcfd) in Pecos, Reeves and Ward counties. The extension project will connect the company’s system to the Waha hub in Pecos County. The 16.8-mile pipeline (30 inches) […]

Exxon Mobil was the top driller in Texas after filing for 659 drilling permits in 2019, Houston Chronicle reported this week, and “early in the new year, the permit filings show Exxon Mobil plans to keep that title.” The company’s shale unit, XTO Energy, filed for 15 drilling permits to develop 15 horizontal wells in […]

Houston-based pipeline giant Kinder Morgan said it obtained rights to the final pieces of land needed to route Permian Highway pipeline through the Texas hill country, according to a report this week in Houston Chronicle. The 430-mile project is intended to transport 2 billion cubic feet of natural gas per day from Permian Basin to […]

The Texas Petro Index by petroleum economist Karr Ingham declined for the ninth straight month in November to 195.1 after reaching a high this year of 213.2 in February. The peak of the index, based on a comprehensive set of economic indicators, was 313.9 in November 2014 (base 100 in January 1955). The index declined […]

U.S. and Texas erased most of their losses from the previous week in Baker Hughes’ count of active oil and gas drilling rigs for Jan. 17. Texas added 5 rigs for a new total of 401 (396 previous week, 521 previous year), and U.S. added 15 rigs for a new total of 796 (781 previous […]

An annual report, “State of American Energy,” issued recently by American Petroleum Institute says concern about climate change “is at the heart of criticism of the energy industry.” Mike Sommers, president, said API members “will be at the forefront of the debate on the nation’s energy future… We have no choice. It’s required that we […]