The Woodlands-based Earthstone Energy said it is returning to full production all of its shut-in and curtailed operated wells. Earthstone said July 16 its wells “are currently producing at nearly 100 percent of capacity.” Earthstone said total net production was curtailed by about 60 percent in May, when the company concluded its 2020 drilling program […]
Diamondback, Noble, others return curtailed oil production in July
Midland-based Diamondback Energy said Tuesday it lifted its reduction in May of about 9,000 barrels of oil production per day and resumed pumping from its shut-in wells in June. Travis Stice, CEO, said, “With oil prices having recovered significantly since the decision to curtail production was made in April, Diamondback returned this production through the […]
RSEG forecasts decline in flaring in Permian Basin in July
RS Energy Group forecasts flaring in Permian Basin as measured by satellites will decline in July to about 260,000 MMcfd (first time under 300 MMcfd since February 2018). Flaring increased from May to June by about 30 percent (by 110 MMcfd). “However, volumes appear to drop this month,” RSEG said Monday. “The increase from May […]
Midland’s Summit Petroleum files 9 permits in Upton County
Midland-based Summit Petroleum led companies filing for oil and gas drilling permits in Texas during the week of July 1-7. Houston Chronicle said Summit filed 9 drilling permits with Railroad Commission of Texas for horizontal wells targeting Spraberry in Upton County to depths of 9,400 to 10,100 feet. Also in west Texas, Tulsa-based WPX Energy […]
Patterson-UTI Energy operates 65 drilling rigs in June
Houston-based Patterson-UTI Energy, a leading provider of oilfield services and products to exploration and production companies, said this week it operated an average of 65 drilling rigs in June 2020. For the three months that ended June 30, Patterson operated an average of 82 drilling rigs. The company operates wells in Culberson, Howard, Loving, Midland, […]
Diamondback leads state in filing June 24-30, Shell adds 4 permits in Loving
Midland’s Diamondback Energy led the state in filing for drilling permits for the week of June 24-30, according to Houston Chronicle. Diamondback filed 9 permits followed by 8 by Centennial Resource, 7 by Double Eagle, 6 by Ovintiv, 5 by Cimarex Energy, and 4 each by Pioneer Natural Resources, Comstock and Shell. Dutch oil major […]
No Time to Back off Safety
As companies start recovering from the coronavirus debacle and the major downturn due to oil prices, the time has come to focus on rebuilding a sustainable business, especially in the field of safety. Some companies just continue to rebuild following the same philosophies and principles that have been carried on for years. It is a […]
Apache accepting applications in 2020-21 tree grant program
Houston-based Apache Corp. is accepting applications until Aug. 21 in its 2020-21 tree grant program. Now in its 15th year, the program has provided more than 4.7 million trees in 17 states. Last year Apache donated 61,000 trees to 54 nonprofit agencies, including Keep Odessa Beautiful and Texas Department of Parks and Wildlife. The program […]
RSEG: Flaring increases in June after decline in May in Permian Basin
RS Energy Group said June 26 that flaring intensity increased in June in Permian Basin after declining in May. RSEG estimated (with satellite data) flaring in June at 400 MMcfd for an increase of 54 percent over May. Driven by shut-ins, flaring had declined 136 MMcfd from April to May. “We believe the June increase […]
SM Energy files 8 permits in Howard, Martin counties to lead June 17-23
Denver-based SM Energy filed 8 drilling permits with the Railroad Commission of Texas during the week of June 17-23 for horizontal wells on 3 leases in Howard and Martin counties. Houston Chronicle said the wells target the Spraberry field at depths of 10,000 to 10,350 feet. Also filing 8 permits was French oil major Total […]
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