Officials from U.S. Environmental Protection Agency were in Fort Worth last week to present a grant of $6.2 million to Fort Worth Independent School District to purchase 15 electric school buses.  The grant in the Clean School Bus program to Fort Worth ISD is one of 18 grants in Texas.  “Exhaust from these buses can […]

Officials from the Santa Fe office of U.S. Bureau of Land Management said last week BLM received $34,414,251 in high bids from its most recent lease sale in New Mexico and Kansas.  BLM offered 19 parcels covering 3,128 acres in the two states; 451 bids were received for 14 parcels covering 2,768 acres – 88.5 […]

It was another week of falling drilling rig counts in Permian Basin, Texas and U.S., according to Baker Hughes in its weekly report of June 21.  There were 308 rigs in Permian Basin (down 1 in past week, down 33 from 341 a year ago), 282 in Texas (down 3 in past week, down 63 […]

Fort Worth-based Point Energy Partners has tripled its crude oil production in Delaware Basin in the past year, according to data from Railroad Commission of Texas reported by Hart Energy.  Latest output is 14,996 barrels per day compared to 5,615 barrels per day a year ago.  Including associated gas, March output was 20,123 boed. John […]

Laura Daniel-Davis, acting deputy secretary of the U.S. Department of the Interior, said recently in Albuquerque that New Mexico will receive from the federal government $25 million to address pollution and orphaned oil and gas wells in the state.  She said the Biden administration “is empowering communities across the country to confront long-standing environmental injustices […]

Denver-based BPX Energy aims to increase its U.S. production by at least 60 percent by 2030, according to multiple reports from a conference in Fort Worth recently.  BPX said its U.S. onshore oil and gas business grew production by 13 percent in 2023 compared to 2022.  “We’re driving toward a 30-to-40 percent increase in production […]

Houston-based pipeline operator Kinder Morgan has acquired oil- and gas-producing assets in west Texas from Avad Energy Partners and plans to use U.S. carbon capture incentives to increase production from the properties.  Reuters reported recently the purchase shows how the tax credit for carbon sequestration in the U.S. Inflation Reduction Act “is spurring oil and […]

Occidental Petroleum and Pioneer Natural Resources are the most active operators in Permian Basin.  Enverus said as of June 7 each had 22 working rigs in the basin.  Other Permian leaders include Mewbourne Oil with 19, EOG Resources with 17, Devon Energy with 16, and ConocoPhillips and ExxonMobil each with 15. Permian is a decisive […]

Rig counts in Permian Basin, Texas and U.S. continue their declines, according to Baker Hughes.  The last time Permian added rigs was April 19 (up 2 to 318).  Baker Hughes said as of June 14 there were 309 wells in Permian (310 previous week, 342 year ago), 285 in Texas (287 previous week, 347 year […]

The administration of President Biden said recently it has increased the purchases of crude oil to replenish the nation’s strategic petroleum reserve.  Department of Energy on June 7 issued two solicitations to buy a total of 6 million barrels of crude for delivery to the Bayou Choctaw SPR site in Louisiana from September to December.  […]