Midland-based Concho Resources said Tuesday it has agreed to sell assets in New Mexico shelf to an affiliate of Houston startup Spur Energy Partners for $925 million. The assets include 100,000 gross acres (70,000 net) with current production of 25,000 boed and 2,500 operated wells (35 percent of Concho’s operated wells). Tim Leach, chairman and […]

San Antonio-based NuStar Energy said Wednesday it has completed three pipeline projects to expand its capacity to move Permian Basin crude oil to Corpus Christi for export and to move refined products to northern Mexico. NuStar completed the second stage of its WTI export project, a new eight-mile, 30-inch pipeline to transport crude oil from […]

Houston-based pipeline operator Kinder Morgan announced Aug. 14 a series of projects valued at $170 million at its terminals in Pasadena and Galena Park on the Houston ship channel. The projects include $125 million to boost pipeline connections and increase loading rates at the Pasadena terminal and nearby Jefferson Street truck rack and $45 million […]

Houston-based Freeport LNG Development said Aug. 20 it has started producing LNG from Train 1 at Quintana Island. McDermott International and engineering and construction partners Chiyoda International and Zachry Group said longterm contractual deliveries will begin next month after commissioning cargoes are exported. Trains 2 and 3 remain on schedule to begin operations in 2019Q4 […]

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 […]

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 […]

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 […]

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 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 […]