European oil major Royal Dutch Shell recently filed for six horizontal drilling permits in Permian Basin with the Railroad Commission of Texas, including three on leases in Winkler County managed by state-owned mineral rights company University Lands. Royalties from those three wells will benefit the University of Texas and Texas A&M University systems from the […]

Dallas-based HollyFrontier said Nov. 18 it will build a renewable diesel unit at its Navajo refinery in Artesia, N.M. The new RDU will have production capacity of about 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable feedstocks into renewable fuel. With accompanying rail infrastructure and storage tanks, according […]

Federal Energy Regulatory Commission last week approved permits for four liquefied natural gas export projects in Texas, including three in Brownsville and one in Corpus Christi. Neil Chatterjee, FERC chairman, said, “The commission now has completed its work on applications for 11 LNG export projects in the past nine months, helping the U.S. expand the […]

Madrid-based oil and gas firm Repsol reportedly will acquire Equinor’s 63 percent interest in a joint venture of 69,000 net acres in Eagle Ford Shale for $325 million. The deal allows Norway’s Equinor, previously known as Statoil, to focus on production in Gulf of Mexico. Oil & Gas Journal said the acreage jointly held by […]

New Mexico, with Permian Basin’s two leading counties, reversed a five-week decline in count of active oil and gas drilling rigs, according to Baker Hughes’ report of Nov. 15. New Mexico had fallen from 113 rigs as of Oct. 14 to 104 as of Nov. 8, but added a rig to 105. Also as of […]

The Texas Petro Index by petroleum economist Karr Ingham declined for the seventh consecutive month in September as the prices of crude oil and natural gas, rig count, drilling permits and industry employment continued to fall. The index was 201.0 in September after starting its decline from 213.2 in February. It started the year at […]

Expedition Royalty, privately held company focused on acquisition of mineral rights and royalty interests, recently opened an office in Big Spring. The aim of Expedition Royalty is “to help people who have property with viable mineral, surface and water rights get a fair share for their assets.” Members of the Expedition staff have bought and […]

Midland-based Gravity, a leading water and energy infrastructure company, said Nov. 6 it has agreed to acquire On Point Oilfield Holdings from White Deer Energy. On Point is a contracted produced-water midstream company focused on gathering and disposal operations in Midland Basin. Gravity said this acquisition “will create the largest commercial produced-water disposal company by […]