A partnership of Petroleum Professional Development Center at Midland College and Permian Basin Petroleum Association will present the annual Permian Basin Environmental Regulatory Seminar next week.  The one-day event will be held Thursday, April 30, at Bush Convention Center in Midland. Among the speakers will be two officials from the Railroad Commission of Texas, Austin […]

Golden Pass LNG, the nation’s tenth liquefied natural gas terminal, shipped its first cargo from Train 1 this week.  The shipment left port Wednesday 23 days after achieving first LNG production.  U.S. Energy Information Administration said Golden Pass LNG is the nation’s only new LNG export facility expected to begin shipments this year. Golden Pass […]

Senator Kevin Sparks of Midland has been named chair of the natural resources committee of the Texas Senate by Lt. Gov. Dan Patrick.  After the departure of five senators, including four committee chairs, Patrick named leaders of standing committees and new interim committees.  They will remain in their positions through the 90th session of the […]

Phillips 66 and Kinder Morgan said Monday they will advance the proposed Western Gateway pipeline for refined products to supply fuel to Arizona and California.  The project with capacity of 200,000 barrels per day is designed as a refined products system of 1,300 miles with new-build pipeline from Borger to Phoenix.  It will be combined […]

The count of active oil and gas drilling rigs in U.S. declined for the second straight week while Permian Basin reported 242 rigs for the third week in a row.  Baker Hughes said as of April 17 there were 543 rigs in U.S. (down 2 in past week, down 42 or 7.18 percent from 585 […]

Houston-based EagleRock Land last week filed with the SEC for an initial public offering that could raise up to $200 million.  EagleRock Land collects royalties and fees from oil and gas production on the land it owns and manages in Permian Basin.  It owns or controls about 236,000 acres of surface land in Delaware Basin […]

Enverus reported Wednesday that ExxonMobil remains the top operator of oil and gas drilling rigs in U.S. and Permian Basin.  Among U.S. operators as of April 10, ExxonMobil reported an average of 37.0 rigs for an increase of 5 percent from 35.3 a year ago.  The next seven U.S. operators on the list reported declining […]

Houston-based Cadre Energy Solutions, natural gas compression services provider to upstream and midstream operators, said Wednesday it raised additional equity capital from Kirkland, Wash.-based Progeny 3.  Progeny 3 joins existing equity partner Intrepid Investment Management. The proceeds from the capital addition will be used to fund expansion of the fleet of Permian-focused Cadre and pursue […]

Enverus Intelligence Research estimated in a new report this week there are about 55,000 economically viable drilling locations in Permian Basin at sub-$50 per barrel for crude oil.  That’s an increase of 10 percent from last year that Enverus attributes to “high-quality resource expansion and continued cost reductions.”  The report, “Permian Basin Play Fundamentals: The […]

Counts of active drilling rigs fell in Texas, New Mexico and U.S. in Baker Hughes’ weekly report of April 10 to lose gains of the previous week.  Baker Hughes said there were 232 rigs in Texas (down 1 in past week, down 42 or 15.33 percent from 274 in the past year), 101 in New […]