Three refinery projects in Texas by ExxonMobil, Marathon and Valero are expected to boost U.S. refinery capacity in the next annual report by U.S. Energy Information Administration. ExxonMobil announced in March the completion of a major refinery capacity addition in Beaumont to boost that facility’s total crude oil distillation capacity by 250,000 barrels per day […]

U.S. refinery capacity increased slightly for the first time since the global pandemic to reverse two years of declines, according to U.S. Energy Information Administration in its annual Refinery Capacity Report published July 25.  As of Jan. 1, 2023, the operable atmospheric crude oil distillation capacity – the EIA’s primary measure of refinery capacity in […]

U.S. Energy Information Administration reported Monday record crude oil field production of 5.494 million barrels in Texas in May.  Production has been more than 5.4 million b/d the last three months (5.454 million b/d in March, 5.446 million b/d in April) for the first time since a five-month period November 2019 through March 2020 (with […]

Permian Basin added a drilling rig in the past week for only the third time since April, according to Baker Hughes.  As of July 28, there were 334 rigs in Permian Basin (333 previous week, 351 year ago), 322 in Texas (322 previous week, 371 year ago), 111 in New Mexico (113 previous week, 110 […]

Houston-based NextDecade said recently it has made positive final investment decision to construct the first three liquefaction trains at the company’s Rio Grande LNG export facility in Brownsville.  The $18.4 billion project – the largest greenfield energy project financing in U.S. history – will have capacity of 27 metric tons per year.  NextDecade said Rio […]

U.S. exported 366.7 Bcf of LNG in May 2023, according to the latest LNG Monthly issued by U.S. Department of Energy in July.  That’s an increase of 4.4 percent from May 2022 and a decrease of 1.4 percent from April 2023.  Netherlands was the top country of destination at 64.5 Bcf followed by France at […]

Dallas-based Matador Resources this week reported record production during second quarter of more than 130,000 boed. It was 3 percent above expectation of 126,500 boed and 23 percent better than first quarter production of 106,654 boed. Matador attributed the record production to the performance of its Rodney Robinson leasehold wells in Lea County, N.M., in […]

The count of active oil and gas drilling rigs in Permian Basin fell again last week for the ninth time in the last 12 weeks.  According to the July 21 report from Baker Hughes, there are 333 rigs in Permian Basin (down 4 in the past week, down 16 from a year ago).  Since adding […]

Construction is underway on projects in Delaware and Midland basins by Enterprise Products Partners that will give EPP the capability to process 3.8 billion cubic feet of natural gas per day and extract more than 520,000 barrels per day of NGLs in the Permian Basin. In Delaware Basin, Enterprise is expanding its Mentone cryogenic natural […]

San Ramon, Calif.-based Chevron said Sunday in a quarterly earnings preview that its production in Permian Basin in second quarter increased 11 percent over 2022Q2 to 772,000 boed.  Chevron said it was a quarterly record for the company.  Early 2023 performance of company-operated assets is on track with fullyear guidance.  Chevron previously said it allocated […]