Only ExxonMobil and EOG Resources among the top 10 operators in the U.S. report more active drilling rigs now than one year ago.  Enverus said in its Drilldown Report of Dec. 2 that ExxonMobil continues to lead U.S. operators with 37 working rigs as of Nov. 28 with a weekly average of 36.3 rigs (35.3 […]

Oklahoma City-based Riley Exploration Permian said Thursday it sold its natural gas gathering infrastructure in New Mexico to Targa Northern Delaware for about $111 million cash.  The acquired asset, subsidiary Dovetail Midstream, consists of infrastructure serving producers in Eddy County in southeastern New Mexico in Permian Basin. The agreement also provides for the sale of […]

U.S. count of active drilling rigs fell decisively in the past week, according to Baker Hughes in its weekly report of Nov. 26 before Thanksgiving holidays.  There were 544 rigs in U.S. – down 10 from the previous week and down 38 or 6.5 percent from 582 a year ago.  The number of oil-directed rigs […]

Austin-based WhiteWater Midstream will expand capacity of its planned Eiger Express natural gas pipeline.  Having secured sufficient transportation agreements, WhiteWater said Nov. 24 it will expand capacity to 3.7 Bcfd (from 2.5 Bcfd) by increasing the pipeline from 42 inches to 48 inches and by adding incremental compression. Eiger Express will transport natural gas from […]

Houston-based Targa Resources said Monday a subsidiary will acquire Stakeholder Midstream for $1.25 billion cash.  San Antonio-based Stakeholder provides natural gas gathering, treating and processing services and crude oil gathering and storage services on 170,000 dedicated acres Permian Basin.  The assets include 480 miles of natural gas pipelines, 180 million cfd of cryogenic natural gas […]

After last week’s announcement of joint ownership of Bahia NGL pipeline by ExxonMobil (40 percent) and Enterprise Products Partners, the two companies said after the transaction closes they will increase Bahia’s capacity to 1 million barrels per day.  They will add incremental pumping capacity and construct a 92-mile extension of Bahia to ExxonMobil’s Cowboy natural […]

U.S., Permian Basin and New Mexico added drilling rigs last week, and the count in Texas was unchanged.  Houston-based services firm Baker Hughes said in its report of Nov. 21 there were 234 rigs in Texas (unchanged from the previous week, down 47 or 16.7 percent from 281 year ago) and 254 in Permian Basin […]

Energy Workforce & Technology Council said Friday jobs in the nation’s energy services sector declined in September for the fifth consecutive month.  The council said the decline “reflects the growing strain from current economic and trade conditions.”  Total jobs in energy services fell to 629,815 – a decrease of 1,066 positions from August – according […]

ExxonMobil and Enterprise Products Partners said last week ExxonMobil will acquire from Enterprise a 40 percent undivided joint interest in Enterprise’s Bahia natural gas liquids pipeline.  Oil & Gas Journal said ExxonMobil will contribute its share of Bahia project costs to date or about $650 million.  The 550-mile Bahia pipeline started commissioning activities and will […]

U.S. Energy Information Administration said rapid declines in production from horizontal wells require more drilling to sustain production.  The EIA reported, “As U.S. crude oil and natural gas production have increased, so has the volume of production declines from existing wells.  To offset the increasing declines, operators today must bring on new wells to sustain […]