Whether we’re three years into the upswing or five or more–depending on where one fixes the starting point–it’s clear that reports from the field just keep saying the same thing: business is good. Dallas-based Pioneer Natural Resources recently announced record horizontal drilling results in West Texas. Scott D. Sheffield, chairman and CEO, said, “Our first […]
News Reviews: Infrastructure Keeps Catching Up
Ripples from the drilling boom keep extending outward. The second phase of construction on a crude oil rail loading facility in Wink, Texas, by Houston-based Genesis Energy is nearing completion on the Texas-New Mexico Railway, which connects to Union Pacific in Monahans. The facility, an origin terminal, will give the company the ability to load […]
News Reviews: November 2013
The Permian Basin has been producing for decades, Matthew DiLallo reported in The Motley Fool, but “it is really just getting started on the next phase of its booming growth.” He added, “While it [Permian Basin] has already produced more than 30 billion barrels of oil in its history, there is still a lot of […]
News Reviews: Gainers and Groundbreakers
Fall 2013 finds the Permian Basin acknowledging yet more peaks and possibilities. Two locations in New Mexico, including Otero Mesa, 12 million acres of wild grasslands in southern New Mexico primarily controlled by the Bureau of Land Management, are included on a list of 12 places in the U.S. deemed “too wild to drill” by […]
No Shortage of Activity
Mitchell gets tribute, coal gets crushed, Edward grows apace, Parsley breaks ground, and Range pays attention. George P. Mitchell, 94, the son of a Greek goatherd who was one of the most prominent independent oilmen in U.S. history, died July 26 in Galveston. He was instrumental in unlocking immense natural gas and petroleum resources with […]
Opportunistic Times
One proposed pipeline looks “in,” another looks “out,” and Pioneer hits big with a Martin County well. Centurion Pipeline, subsidiary of Occidental Petroleum Co., announced an open season to solicit shipper commitments to a proposed Cline Shale pipeline system. Customers interested in transporting crude oil from Irion, Sterling, Coke, Tom Green, and Mitchell counties to […]
News Reviews: Making a Mark
The industry recognizes an innovator; China enters the Wolfcamp; regulators held accountable; and another oil company picks up stakes for the Cline. Mora County in northeastern New Mexico became the first county in the U.S. to pass an ordinance banning hydraulic fracturing. The Los Angeles Times reported that all residents in Mora County depend on […]
News Reviews – May 2013
The Texas Railroad Commission adopted new rules March 26 to encourage Texas operators to continue their efforts to conserve water used in hydraulic fracturing for oil and gas even though hydraulic fracturing and total mining use account for less than one percent of statewide water use. The state’s top three water consumers are irrigation, municipalities, […]
News Reviews – April 2013
Tim Rochford is taking over as chairman, Kelly Hoffman is CEO, and David Fowler is now president of Ring Energy, which is reorganizing its management and relocating its headquarters to Midland from Tulsa. The Tulsa World reported that Ring Energy, which focuses on drilling properties in West Texas and Kansas, last summer acquired Stanford Energy, […]
News Reviews
Plains All-America Pipeline has completed or is completing several new pipeline projects in the Permian Basin designed to help producers in midstream operations. The pipelines serve the Bone Spring, Spraberry, and Wolfberry areas in nine counties at a cost to build of $135 million. “These projects provide additional pipeline gathering capacity in areas with significant […]
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