Data from U.S. Bureau of Labor Statistics show a steady increase in oilfield employment, according to Energy Workforce and Technologies Council. The council said oilfield employment reported a slight gain last month by adding 1,466 jobs. Energy employment improved 22.5 percent from January “as the market continues to steady itself amid global geopolitical conflicts.” Molly […]
Milestone opens another landfill facility near Stanton for industry waste
Houston-based Milestone Environmental Services said this week it opened its third Permian Basin facility 10 miles south of Stanton at CR 470. The Stanton landfill facility accepts drill cuttings, contaminated soils, non-injectable fluids and other RCRA-exempt waste from exploration and production operations. It is located with Milestone’s Stanton slurry injection facility and “provides customers with […]
Enbridge, WhiteWater, MPLX form JV to transport gas from Permian Basin
Calgary-based Enbridge said this week it reached agreement with WhiteWater I Squared Capital and MPLX for a joint venture to develop, construct, own and operate natural gas pipelines and storage assets connecting natural gas supply in Permian Basin to growing demand for LNG on the Texas coast. The JV will be owned by WhiteWater I […]
Production of crude oil from new wells increases while legacy output is stable
U.S. Energy Information Administration said the nation’s crude oil production averaged 13.3 million barrels per day in December because of sustained productivity increases at new wells. In its Petroleum Supply Monthly, the EIA said, “U.S. crude oil production has increased to record highs since 2010 and has risen even more quickly in recent months. These […]
U.S. Speaker Johnson visits Diamondback drilling rig in Ector County
Mike Johnson (R-LA), speaker of the U.S. House of Representatives, visited Permian Basin last week during National Energy Week. Johnson accepted an invitation from Rep. August Pfluger (R-San Angelo) to visit a drilling rig March 18 in Ector County operated by Diamondback Energy. “The Permian Basin is so critically important,” Johnson said. “It’s been a […]
U.S. count of gas drilling rigs falls to lowest in 27 months since January 2022
Baker Hughes said the count of natural gas drilling rigs in U.S. declined to 112 (down 4 in past week) as of March 22 – its lowest in 27 months since January 2022. U.S. Energy Information Administration said the gas well count declined “as some producers slash spending and reduce drilling activities after gas futures […]
Only Upton among top 10 Permian counties adds rigs in past week
Only one of the top 10 counties in Permian Basin added drilling rigs last week as the count declined after a week of gains. Baker Hughes said as of March 22 there were 315 rigs in Permian Basin (316 previous week, 353 year ago), 294 in Texas (unchanged in past week, 372 year ago), 106 […]
APA expects to close April 1 on Callon acquisition in Permian Basin
Houston-based APA Corp. said recently it expects to close on or about April 1 on its recent $4.5 billion acquisition of Callon Petroleum. APA and Callon scheduled shareholder meetings March 27. “We look forward to integrating the Callon assets and providing more information about the Permian Basin outlook from the combined assets,” John J. Christmann […]
Liberty Energy to build new regional headquarters in Odessa
Liberty Energy held groundbreaking ceremony March 5 for a new regional headquarters in Odessa. The $50 million, two-story facility at Leeco Industrial Park will include a 42-bay maintenance shop, 6-bay truck wash facility, warehouse of 50,000 square feet, offices and training center. Liberty’s project includes a grant of $2.5 million from Odessa Development Corp. Chris […]
APA forecasts 20 percent production growth for Permian Basin
Houston-based APA Corp., parent company of Apache, said recently it expects to surpass its pre-pandemic production levels in Permian Basin by 2024Q4 with 20 percent growth compared to 2023Q4. John J. Christmann IV, CEO, said Feb. 26, “We have achieved top-tier well results and best-in-class production improvements in both the Midland and Delaware basins. The […]
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