Honeywell UOP of Des Plaines, Ill., said Dec. 17 that it will upgrade two cryogenic gas processing plants for Fort Worth-based Brazos Midstream in Reeves County using new technology to increase recovery of more ethane and propane typically present in natural gas. UOP will upgrade two existing plants (200 million cubic feet per day) from […]

Houston-based Pinnacle Midstream said Dec. 15 it will build a new greenfield Dos Picos natural gas gathering system in Midland Basin supported by a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy. Dos Picos is expected to begin service in 2021Q2 for operators in Glasscock, Martin and Midland counties. The initial system will […]

San Antonio-based Stakeholder Midstream said Dec. 15 it acquired gas gathering and processing assets in Yoakum County from Santa Fe Midstream. The assets include Santa Fe’s 30-30 gas treating and processing plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and long-term acreage dedication from an established San Andres oil and gas producer. The […]

Midland-based Diamondback Energy said Monday it is acquiring QEP Resources and Guidon Operating. The transactions will strengthen Diamondback’s position in Midland Basin and bring Diamondback’s total leasehold interests to more than 276,000 net surface acres with annual savings of at least $60 million from efficiencies. CEO Travis Stice said, “Diamondback does not need to participate […]

U.S. LNG company Chienere Energy loaded its first cargo Dec. 7 from the third liquefaction train of its plant in Corpus Christi. Chienere, the nation’s largest LNG producer, said it loaded the train’s commissioning cargo and also the plant’s 200th cargo onto LNG tanker La Mancha Knutsen. U.S. Energy Information Administration said Wednesday that U.S. […]

Texas Petro Index, a monthly tracking measure for the state’s upstream oil and gas exploration and production economy, declined for the 20th consecutive month in October to 139.9 from a revised 144.0 in September and 196.8 (down 29 percent) in October 2019. Base 100.0 was set in January 1995. Economist Karr Ingham, who prepares the […]

Dickinson, N.D.-based Steffes recently opened an office in Midland on East CR 117 to provide a larger inventory yard, office space for local sales and service, and more space for future manufacturing. Steffes specializes in designing and manufacturing surface equipment for the oil and gas industry, including flares, separation equipment, containment, walkway, vapor recovery units, […]

Rig count is up 44 percent in Permian Basin as of Dec. 11 from the 2020 low of 117 rigs in August. Oilfield services company Baker Hughes of Houston said as of Dec. 11 rig counts were 168 in Permian, 155 in Texas (up 55 percent since 2020 low of 100 in August), 60 in […]

Houston-based EP Energy said Dec. 11 it has reached agreement with an undisclosed buyer to divest its Midland Basin southern assets to focus on operations in Eagle Ford and Uinta Basin. Transaction is expected to close in January. After the sale, EP Energy will own about 410,000 gross (275,000 net) acres in east Utah and […]

New Mexico public lands commissioner Stephanie Garcia Richard said Tuesday the state’s land office is ending commercial sales of fresh water from state trust lands for oil and gas development to protect resources and encourage operators to reuse and recycle water. Effective Dec. 15, the land office will no longer issue new easements for commercial […]