Permian Basin and Texas posted small gains in the past week in Baker Hughes’ count of active oil and gas drilling rigs. As of July 30, there were 243 rigs in Permian Basin (242 week ago, 124 year ago) and 230 rigs in Texas (228 week ago, 104 year ago). Also, New Mexico lost a […]

Railroad Commission of Texas said July 28 the percentage of natural gas flared compared to natural gas produced from oil and gas wells in Texas dropped from a high of 2.29 percent in June 2019 to 0.65 percent in May 2021. During the same period the volume of gas flared decreased by about 73 percent. […]

Houston-based NexTier Oilfield Solutions announced Monday the commercial launch of Power Solutions, its division that provides comprehensive fueling services to natural gas-powered fleets in Permian Basin. It integrates the latest in CNG supply and field gas handling technologies with NexTier’s portfolio of natural gas-fueled completion services and displaces a significant portion of carbon-heavy diesel with […]

Dallas-based Pioneer Natural Resources said Monday in its second-quarter financial report it plans to operate 22-to-24 horizontal drilling rigs in Permian Basin in 2021, including 1 rig in Delaware Basin and 3 rigs in southern Midland Basin joint venture area. Pioneer’s 2021 capital program is expected to place 470-to-510 wells on production with oil output […]

Reuters reported July 30 that Bryan Sheffield’s new fund Formentera Partners made its first purchase. The private equity income fund bought oil wells in Texas panhandle for about $121 million from an undisclosed seller. The assets span about 11,000 acres with production of 30 million cubic feet equivalent per day from about 200 wells. Sheffield, […]

Whistler pipeline began commercial operation July 1 to provide about 2.0 billion cubic feet per day of natural gas transport capacity from Permian Basin to Texas Gulf Coast. The pipeline consists of a 450-mile transmission line running between Waha hub in west Texas and Agua Dulce (providing shippers with access to Gulf Coast industrial and […]

Houston-based Callon Petroleum, Permian and Eagle Ford driller, said Wednesday it will acquire leasehold interests and related oil, gas and infrastructure assets of Delaware Basin operator Primexx Energy Partners in a cash ($440 million) and stock transaction valued at $788 million. Dallas-based Primexx has a contiguous leasehold of 35,000 net acres in Reeves County with […]

Texas Alliance of Energy Producers will conduct its annual conference Sept. 14-15 at Hotel Drover in the historic Fort Worth stockyards. The conference will begin at 5 p.m., Tuesday, Sept. 14, with the alliance’s “Oil Patch” reception and opening of exhibits and conclude at 12:30 p.m. Sept. 15 with its industry luncheon. Speakers will include […]

Permian Basin, Texas and U.S. continue to add oil and gas drilling rigs. In its weekly report of active rigs July 23, Baker Hughes said there were 242 rigs in Permian Basin (238 last week, 126 last year), 228 rigs in Texas (222 last week, 103 last year) and 491 rigs in U.S. (484 last […]

U.S. Bureau of Labor Statistics said June was the fourth straight month of employment growth for the oilfield services and equipment sector. An estimated 8,000 jobs were added in June – more than half (4,440) in Texas. Year to date, according to the bureau, the oilfield services sector has brought back 18,600 jobs – still […]