University of Texas Permian Basin received a grant of $1 million from National Science Foundation for research and to support implementation of technologies in Permian Basin.  The grant was issued to UTPB’s Texas Water and Energy Institute and College of Engineering for research and development on water and energy technologies, carbon and materials management, renewable […]

Spring, Texas-based ExxonMobil said last week it expects to deliver about 600,000 boed in 2023 and reach about one million barrels of oil equivalent per day by 2027.  Exxon said Friday production in Permian Basin (620,000 boed) and Guyana in 2023Q2 was up 20 percent over last year. Darren Woods, chairman and CEO, said of […]

Midland-based Diamondback Energy said Monday it averaged 263,100 barrels per day of oil production in 2023Q2, which is an increase of 19 percent from 2022Q2.  And daily combined volumes grew 18 percent to 449,900 boed.  Diamondback drilled 86 wells in Midland Basin and 12 in Delaware Basin (gross operated) in 2Q and increased fullyear guidance […]

Findlay, Ohio-based MPLX said this week construction is underway in Delaware Basin on its sixth natural gas processing plant.  Preakness II with capacity of 200 million cfd is expected online in firsthalf 2024.  MPLX also is planning to build Secretariat with 200 million cfd, its seventh processing plant in Delaware Basin.  Startup is expected in […]

Texas Workforce Commission said recently the state continues to lead the nation in job growth.  In June more than 30,000 non-farm jobs were added, bringing the total to a record of nearly 14 million jobs in the state.  It was the 28th consecutive month of job growth.  Since June 2022 Texas has added more than […]

Three refinery projects in Texas by ExxonMobil, Marathon and Valero are expected to boost U.S. refinery capacity in the next annual report by U.S. Energy Information Administration. ExxonMobil announced in March the completion of a major refinery capacity addition in Beaumont to boost that facility’s total crude oil distillation capacity by 250,000 barrels per day […]

U.S. refinery capacity increased slightly for the first time since the global pandemic to reverse two years of declines, according to U.S. Energy Information Administration in its annual Refinery Capacity Report published July 25.  As of Jan. 1, 2023, the operable atmospheric crude oil distillation capacity – the EIA’s primary measure of refinery capacity in […]

U.S. Energy Information Administration reported Monday record crude oil field production of 5.494 million barrels in Texas in May.  Production has been more than 5.4 million b/d the last three months (5.454 million b/d in March, 5.446 million b/d in April) for the first time since a five-month period November 2019 through March 2020 (with […]

Permian Basin added a drilling rig in the past week for only the third time since April, according to Baker Hughes.  As of July 28, there were 334 rigs in Permian Basin (333 previous week, 351 year ago), 322 in Texas (322 previous week, 371 year ago), 111 in New Mexico (113 previous week, 110 […]

Houston-based NextDecade said recently it has made positive final investment decision to construct the first three liquefaction trains at the company’s Rio Grande LNG export facility in Brownsville.  The $18.4 billion project – the largest greenfield energy project financing in U.S. history – will have capacity of 27 metric tons per year.  NextDecade said Rio […]