Houston-based Occidental Petroleum last week outlined its plans to build the world’s largest direct air carbon capture facility in Permian Basin.  Construction is scheduled to begin during second half of 2022, and operations are expected to begin at DAC1 in late 2024.  Oxy officials said March 23 they plan to invest up to six percent […]

U.S. Department of Energy authorized Houston-based Cheniere Energy to export an additional 720 MMcfd of natural gas from its LNG plants in Corpus Christi and Sabine Pass.  Exports were authorized March 16 to any country with which U.S. does not have a free trade agreement, including all of Europe.  Oil and Gas Journal said U.S. […]

Texas Tribune reported last week that Glenn Hegar, the state’s comptroller, sent letters to 19 financial firms to determine if they are violating a new state law that prohibits companies from boycotting fossil fuel companies.  The law in effect since September prohibits the state from contracting with or investing in companies that divest from oil, […]

Denver-based Ovintiv – with core assets in Permian Basin in Texas, Anadarko in Oklahoma and Montney in Canada – said Feb. 24 in Permian it averaged 118,000 boed in 2021 and 120,000 boed in 2021Q4.  Ovintiv said in 2021Q4 in Permian it averaged four gross rigs, drilled 20 net wells and had 16 net wells […]

Houston-based Battalion Oil Corp., independent energy company focused on acquisition, exploration, development and production in Delaware Basin, said March 7 it started its 2022 capital program in December with a three-well pad at Monument Draw in Pecos County.  Battalion expects to operate one rig through 2022 and maintain flat production while “driving double-digit growth in […]

Tulsa-based Laredo Petroleum, Midland Basin pure-play, said Feb. 22 it plans to maintain capital discipline in 2022 with flat activity compared to last year.  Expected capital expense is $520 million.  Laredo said oil production in 2022 will be flat with 2021Q4 (full-year oil production growth of 24-to-36 percent).  Average lateral length of wells in 2022 […]

Houston-based Western Midstream Partners, with assets in Delaware Basin in Texas and New Mexico and in four other states, said Feb. 23 it expects throughout to continue to grow in 2022.  “We expect strong producer activity levels to continue in the Delaware Basin leading to increased throughput during 2022,” Michael Ure, president and CEO, said.  […]

Dallas-based Petro-Hunt Permian said March 9 it completed an acquisition from Admiral Permian Resources of oil and gas production and leasehold in Culberson and Reeves counties in Delaware Basin.  Current gross operated production from these assets is about 7,000 b/d of oil and 100 million cfd of natural gas on 21,430 net acres.  Petro-Hunt said […]

Drilling rig counts in Permian Basin, Texas and U.S. posted sizable gains in the past week, according to Baker Hughes, amid reports from CERAWeek in Houston March 7-11 that federal officials are calling for more energy production and industry officials are saying supply chain problems could limit production.  As of March 11, there were 316 […]