Oklahoma City-based Revolution II Wi said Dec. 6 it has acquired Austin-based Jones Energy in an all-cash transaction valued at about $201.5 million. The transaction is expected to close in 2020Q1. Revolution is an independent oil and gas company engaged in acquisition and development of properties in mid-continent U.S. Jones is an independent oil and […]
Ironwood expands Eagle Ford network with asset purchase from Twin Eagle
San Antonio-based Ironwood Midstream Energy Partners said last week it closed on its acquisition of midstream assets in Dimmit and La Salle counties in south Texas from Houston pipeline and frac sand company Twin Eagle. The assets include Gardendale and Asherton gathering systems of 150 total miles of crude oil gathering pipelines with connections to […]
Freeport LNG Development Train 1 starts commercial operations
Houston-based Freeport LNG Development said last week it started commercial operations from Train 1 of its multi-train liquefaction facility on Quintana Island. And the company said it began producing LNG from Train 2. Zachry Group is lead for the joint ventue that also includes McDermott International. Michael Smith, Freeport founder, chairman and CEO, said commercial […]
Epic launches first export of crude oil, to build NGL plant at Robstown
San Antonio-based Epic Midstream said last week it will build a $150 million natural gas liquids processing plant at Robstown. The new greenfield fractionator will receive 110,000 barrels of NGLs per day and separate them into their more valuable components, such as ethane, propane, butane and pentane. It will be Epic’s second greenfield fractionator at […]
Rig counts unchanged in Permian Basin, Texas, U.S.
Perhaps a sign of a holiday slowdown, counts of active drilling rigs in Permian Basin, Texas and U.S. were unchanged in the past week as of Dec. 13, according to Baker Hughes. There were 400 rigs in Permian (486 a year ago), 400 rigs in Texas (532 a year ago) and 799 rigs in U.S. […]
Milestone opens first landfill for liquid, solid oilfield waste in Orla
The Orla facility of Houston-based Milestone Environmental Services last week began accepting drill cuttings, contaminated soils and other RCRA-exempt exploration and production waste materials appoved for landfill disposal. Milestone’s Orla facility is located in Reeves County on FM 652 in Delaware Basin. Milestone is reportedly the first oilfield waste disposal company to offer co-located slurry […]
Goodnight Midstream starts construction of new SWD facility
Dallas-based Goodnight Midstream said last month it started construction of an additional injection facility to service its expanding pipeline network in DeWitt and Atascosa counties. The Rooster saltwater disposal facility near Yorktown serves both piped and trucked volumes. Upon completion, Goodnight Midstream will operate more than 500 miles of oilfield wastewater pipelines and 58 saltwater […]
Railroad Commission, EPA combine to redevelop abandoned sites
Brownfields grants from the U.S. Environmental Protection Agency offered through the Railroad Commission of Texas are helping redevelop abandoned oil and gas sites. The Midland Reporter Telegram said recently the commission’s Brownfields Response Program includes a previously abandoned oilfield site near Andrews that now is a bird-viewing park with a path and lagoon. Leslie Bruce, […]
U.S. continues to emerge as net exporter of petroleum products
U.S. stockpiles of commercial crude oil declined by 4.9 million barrels the last week of November as the nation continues to emerge as a net petroleum exporter. The Houston Chronicle said Dec. 4 the U.S. is producing a record 12.9 million barrels of crude oil a day and exporting nearly a quarter of that crude […]
Texas Tribune panel talks about quality of life in Permian Basin
Tuesday’s panel discussion in Odessa on the impact of the oil and gas industry in Texas focused on quality of life issues. Panelists said the success of the industry in west Texas has had consequences, including wear-and-tear on regional roads, lack of affordable housing, and strains on area schools and healthcare systems. Ben Shepperd, president […]
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