Counts by Baker Hughes of active oil and gas drilling rigs declined in Permian Basin, Texas and New Mexico last week, but the U.S. count was unchanged at 254 after adding 10 rigs the previous week to reverse a five-month decline. As of Aug. 28, Permian Basin had 125 rigs (127 previous week), Texas had […]

An auction of federal oil and gas leases last week in New Mexico and Texas attracted far less interest from drillers than recent sales, according to Reuters. U.S. Bureau of Land Management sold 93 land parcels (primarily in NM) covering more than 45,000 acres Aug. 27 after a smaller sale of 2,800 acres Aug. 26. […]

Houston-based Phillips 66 Partners said this week it will expand the Gray Oak pipeline and add a destination in Victoria County. There will be new takeaway capacity from west Texas to be placed into service in first half of 2022. Gray Oak pipeline achieved full service in 2020Q2 and supplied the first crude oil to […]

Dallas-based San Mateo Midstream said Tuesday it completed and successfully placed in service an expansion of Black River cryogenic natural gas processing plant in Eddy County, N.M. The expansion adds inlet capacity of 200 million cubic feet of natural gas per day to the existing inlet capacity of 260 million cubic feet per day for […]

Dallas-based Energy Transfer said Tuesday it completed expansion of Lone Star Express pipeline on budget and ahead of schedule. The pipeline adds 400,000 barrels per day of NGLs to Energy Transfer’s existing Lone Star NGL pipeline system in Texas. The new 352-mile pipeline (24 inches) originates in Winkler County and connects into the existing Lone […]

U.S. Energy Information Administration said this week in the first 6.5 months of 2020 about 5 billion cubic feet per day of additional natural gas pipeline capacity entered service in U.S. Projects primarily connect additional natural gas supplies to existing infrastructure; they include three projects totaling more than 1 billion cfd connecting to Waha hub […]

Oil & Gas 360 said Aug. 17 a series of pipeline project completions in late 2019 and early 2020 “moved the Permian from a dearth of takeaway capacity to a surplus of pipe.” Analysts said, “Pending projects led by ExxonMobil and Enterprise Products Partners would cause the Permian’s crude pipeline capacity to nearly double the […]

Production of crude oil is forecast to decline again in September in the nation’s seven major producing regions, according to latest drilling productivity report from U.S. Energy Information Administration. The EIA forecast Aug. 17 for September is 7,558,000 barrels per day – down 19,000 from 7,577,000 in August. Permian and Bakken are the only regions […]

Oxy Low Carbon Ventures, subsidiary of Occidental, and Rusheen Capital Management said Aug. 19 they have formed a development company to finance and deploy Carbon Engineering’s large-scale direct air capture (DAC) technology in Permian Basin. The new company, 1PointFive, and Canadian company Carbon Engineering signed an agreement for commerical development of the world’s largest DAC […]

Houston-based Birch Resources led Texas drillers in permits for the week of Aug. 12-18 with 10 horizontal wells in Howard County in Permian Basin. Houston Chronicle said Birch, which filed its first permits since March, filed 5 on Sebastian The Ibis lease and 5 on Vic The Demon lease targeting Spraberry. Runners-up in filing permits […]