State Land Office in New Mexico said last week it will allow crude oil and natural gas producers to temporarily stop production on state lands without penalty as the coronavirus pandemic and global price conflict continue. Ryan Flynn, executive director of New Mexico Oil and Gas Association, said, “The emergency rule to allow lessees to […]
Rystad report shows record decline of fracturing operation starts
Rystad Energy said Wednesday the total number of started fracturing operations is expected to fall below 300 wells in April (about 200 in Permian Basin and less than 50 each in Eagle Ford and Bakken). That’s a decline of 62.8 percent in started fracturing operations between February and April 2020 “as the majority of public […]
Double Eagle, Parsley, Concho file drilling permits in Midland County
About 40 oil and gas companies filed 110 drilling permits with Railroad Commission of Texas in the first week of April, according to Houston Chronicle, the state’s lowest weekly total of the year. Almost 20 percent of the permits were for drilling in Midland County. Double Eagle Development of Fort Worth filed 10 permits for […]
Riding the Wave
With the proliferation of hydraulic fracturing since around 2010, the good news is that oil and gas production have exploded, reaching never-before-seen levels and practically eliminating net imports. The challenge, however is that fracturing requires millions of barrels of water—fresh or recycled—and also produces millions of barrels of water that must be reused or returned […]
Evolution of the Dissolvable Frac Plug
Dissolvable technology has been an evolving success story — innovation answering necessity in an industry never short of challenges. Today, dissolving plugs are a frequent if not typical component of most well completions, in all wellbore or downhole environments. Dissolvable plugs have proven to be particularly effective in long laterals with higher stage density. In […]
Phillips 66 to defer Red Oak pipeline amid 2020 budget cuts
Operators in Permian Basin’s energy industry continue to announce reductions in capital budgets for 2020. They include: Phillips 66 said March 24 it will defer its Red Oak pipeline as part of reducing its 2020 capital budget by $700 million to $3.1 billion. With Plains All American Pipeline, Phillips 66 formed Red Oak Pipeline to […]
Situational Awareness
Greetings and salutations! Welcome back to this month’s discussion on Safety in the Permian Basin! Let’s get right to it. As you are keenly aware, the global and stateside political climate is strained. (That’s like calling Moby Dick a guppy.) Tension in the Middle East is also high. American society is divided and in a […]
Recipe for Success:
A new breed of service companies seeks to combine efficiency and environment. The word “green” can mean different things to different people these days. To the accounting department it means money. To the public, including investors, it can mean environmentally friendly. Often those two meanings are at odds. At least two service companies with a […]
Drug and Alcohol Abuse
Greetings and salutations! Another great day in the wide world of safety, said no one ever, LOL. Not many people even like the subject of safety, but it is extremely popular among safety people. It’s kind of like when engineers get together and tell engineer jokes, when no one understands the jokes except for engineers. […]
Sphere of Influence
Once again, a state agency tasked with serving the vastness of the Lone Star State has turned its attention to the Permian Basin. The reason: The Permian Basin Sphere of Influence. Those who live and work in the thick of it shared their perspective at the first meeting of the Permian Basin Regional Freight and […]
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