Houston-based Kinder Morgan recently increased capacity of its Permian Highway natural gas pipeline by 550 million cfd.  Kimberly Dang, CEO, said during an investor call last week KMI brought the expansion into service Dec. 1.  The expansion uses compression to increase capacity.  Total capacity is now 2.65 Bcfd for the pipeline from the Waha hub […]

Houston-based Occidental Petroleum said Monday it agreed to purchase Midland-based oil and gas producer CrownRock in a cash-and-stock transaction valued at about $12 billion.  Occidental said CrownRock’s more than 94,000 net acres of “premium stacked pay assets and supporting infrastructure are well positioned alongside Occidental’s legacy Midland Basin business.”  This acquisition complements and enhances Occidental’s […]

Permian Basin produces more crude oil than any other region in the U.S.  U.S. Energy Information Administration said Wednesday that Permian Basin accounts for more than 40 percent of total U.S. crude oil production. And the Permian is the nation’s second largest natural gas-producing region – accounting for about a quarter of total U.S. marketed […]

Railroad Commission of Texas recently said its legal enforcement investigators are increasing their outreach and collaboration to help local, state and federal law enforcement officers.  The collaboration is important, the commission said, “because of a recent troubling trend in Texas: an increase in oilfield theft that is affecting oil and gas operations, especially in the […]

Production of associated natural gas, which is natural gas produced from predominantly oil wells, has nearly tripled since 2018 in the three top-producing tight oil plays in Permian Basin.  U.S. Energy Information Administration said Wednesday data from Enverus show that associated natural gas from the Wolfcamp, Spraberry and Bone Spring plays averaged a combined 13.7 […]

Calgary-based Enbridge recently said it is continuing with plans to expand Gray Oak pipeline by 200,000 barrels per day from Permian Basin to the Gulf Coast.  Enbridge CEO Greg Ebel said Nov. 3 on the company’s third quarter earnings call that an open season for the expansion is scheduled to start by the end of […]

U.S. added to its count of active oil and gas drilling rigs for the third straight week, according to Baker Hughes, and Texas and Permian Basin also reported additional rigs last week.  In the latest weekly report as of Dec. 1, there were 314 rigs in Permian Basin (311 previous week, 350 year ago), 306 […]

Texas comptroller Glenn Hegar last month deposited $3.06 billion – the second highest total in the fund’s history – into the state’s Economic Stabilization Fund for fiscal year 2024.  The so-called “Rainy Day Fund” was created in 1988, and oil and gas production tax is the source of the majority of revenue deposited into the […]

Bloomberg reported Monday that U.S. gasoline prices have dropped for 60 consecutive days – their longest streak of declines in more than a year.  The average price for a gallon of gasoline in the U.S. is $3.25 – about 30 cents less than at the same time last year.  AAA said one gallon of gasoline […]

A hearing is scheduled next month in Austin on a challenge by the City of Midland to applications for disposal wells in west Texas near a source of its drinking water.  Pilot Water Solutions is asking to inject oil and gas wastewater deep underground near T-Bar Ranch, where Midland gets 30-to-35 percent of its water […]