Oklahoma Corporation Commission approved an emergency order April 22 to allow crude operators to shut in money-losing wells. According to Oil & Gas Journal, the regulatory agency said operators and producers “may shut in or curtail production from wells where they determine such action is necessary and warranted to prevent economic waste” for 90 days […]
Enterprise to offer northbound crude oil service on Seaway pipeline
Houston-based pipeline operator Enterprise Products Partners will offer two-way shipping starting May 1 on its crude oil pipeline connecting Texas coast and storage terminals in Cushing, Oklahoma. Houston Chronicle said the move “may give oil companies more storage options.” Seaway pipeline was designed to move crude from Oklahoma to markets near Houston, but in a […]
Pin Oak Corpus Christi loads first vessel at new oil dock
Pin Oak Corpus Christi received the first vessel April 15 at its newly commissioned oil dock at Port of Corpus Christi. The new dock can accommodate fully-laden bulk liquid tankers up to Suez-max class with loading rates of more than 40,000 barrels per hour. Construction of the new dock was a joint effort of Port […]
State Land Office in New Mexico to allow pause in energy production
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 […]
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