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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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FERC opens Houston office to manage LNG export terminal applications

August 12, 2019 by PBOG

The U.S. Federal Energy Regulatory Commission is creating a division to manage the growing number of applications to site, build and operate LNG export terminals. Neil Chatterjee, FERC chairman, said the new FERC office will include 20 existing LNG staff members in Washington, D.C., and 8 additional staff members in Houston, where there will be […]

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U.S. rig count declines for 6th straight week; Permian adds rigs again

August 12, 2019 by PBOG

The count of active oil and gas rigs in the U.S. declined for the sixth straight week as of Aug. 9, according to Baker Hughes, while rig counts in Permian Basin and New Mexico increased again. Permian Basin added 2 rigs in the past week for a new total of 444 (485 a year ago), […]

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Enterprise, Chevron reach agreement for crude oil transportation, storage

August 12, 2019 by PBOG

Houston-based Enterprise Products Partners said July 30 it has executed an agreement with Chevron USA for crude oil transportation and storage. Enterprise said the agreement will support expansion of its crude oil system from Permian Basin to its ECHO terminal in Houston. George Neal, president of Chevron’s supply and trading division, said, “These agreements support […]

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Altus Midstream acquires interest in Shin Oak NGL pipeline

August 12, 2019 by PBOG

Houston-based Altus Midstream said July 31 it has closed on a transaction to acquire 33 percent equity interest in the subsidiary of Enterprise Products Partners that owns Shin Oak NGL pipeline. The 658-mile pipeline, placed into service in February, transports NGL production from Permian Basin and other plays to Enterprise’s NGL fractionation and storage comlex […]

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Concho Resources, Solaris Water form joint venture for produced water

August 12, 2019 by PBOG

Midland-based Concho Resources and Houston-based Solaris Water Midstream said July 31 they are forming a joint venture for produced water management in northern Delaware Basin. Concho is contributing 13 saltwater disposal wells and 40 miles of produced water gathering pipeline, and Solaris is contributing cash and an equity ownership in its parent company. Solaris will […]

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Basic Energy Services starts subsidiary to transport, dispose of wastewater

August 12, 2019 by PBOG

Fort Worth-based Basic Energy Services said Aug. 1 it is launching a subsidiary to transport and dispose of oilfield wastewater in Pemian Basin and other shale plays. Monroe Patterson, CEO, said Agua Libre Midstream will receive assets of Basic’s water services division, including 86 saltwater disposal wells along with wastewater pipelines across the U.S. Analyst […]

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Grand Prix NGL pipeline by Targa starts full operations

August 12, 2019 by PBOG

Houston-based Targa Resources said last week it commenced full operations of its $1.4 billion Grand Prix NGL pipeline from Permian Basin to Mont Belvieu. Targa reported Aug. 8 initial flows of 150,000 to 170,000 barrels per day and added, “Our expectation is for volumes to increase to approximately 200,000 barrels per day in September, then […]

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Permian Basin, Texas lead rig count; Oklahoma “hit hard by slump”

August 8, 2019 by PBOG

Texas remains the U.S. leader in count of active drilling rigs with 455 (454 previous week, 524 previous year), and New Mexico increased its lead over Oklahoma as No. 2. As of Aug. 2, according to Houston-based Baker Hughes, there were 107 rigs in New Mexico (109 previous week, 102 previous year) and 88 in […]

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Top driller ExxonMobil files permits for 45 new wells in west Texas

August 8, 2019 by PBOG

ExxonMobil, the top driller in Texas as measured by permits, is preparing to drill at least 45 new oil wells in west Texas, The Houston Chronicle said earlier this week ExxonMobil filed 53 drilling permits in the past week with the Railroad Commission of Texas, including 45 in west Texas. Shale drilling subsidiary XTO Energy […]

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ONEOK to expand West Texas LPG pipeline in Delaware, Midland basins

August 8, 2019 by PBOG

Tulsa-based ONEOK said last month it plans to expand its West Texas LPG pipeline in Permian Basin. ONEOK said it will spend $145 million to develop an additional 40,000 barrels per day of capacity by 2021Q1. Since October 2017 ONEOK has announced expansions totaling 160,000 b/d on the West Texas LPG pipeline system. Terry K. […]

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