State Land Office in New Mexico said last month it expects to receive about $1.1 billion in revenue from energy development in fiscal year 2019. That’s an increase over the record $852 million in FY 2018. Funds will become available this fall when oil and gas royalties are collected. Stephanie Garcia Richard, state land commissioner, […]
U.S. rig count down 8 in past week, Texas unchanged, New Mexico adds 2
New Mexico widened its lead over Oklahoma as the No. 2 state in Baker Hughes’ weekly count of active oil and gas drilling rigs in U.S. In its July 26 report, Baker Hughes said New Mexico added 2 rigs in the past week for a new total of 109 (104 a year ago) while Oklahoma […]
Crude oil production in seven major regions tops 8.5 million b/d in August
Crude oil production in seven major regions of the U.S. is expected to top 8.5 million barrels per day in August, according to the latest drilling productivity report from U.S. Energy Information Administration. EIA said production will increase by 49,000 barrels per day this month to 8,546,000 b/d. Permian Basin is forecast to provide 69 […]
Solaris begins operations at Lobo Ranch, starts construction at Bronco
Houston-based Solaris Water Midstream said July 16 it started operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center, a produced water recycling and non-potable water blending facility in Eddy Counrty near Malaga, N.M. Solaris also started development of its Bronco facility, an additional recycling and blending facility in nearby Lea County. The […]
Led again by Permian, U.S. crude production to increase to 8.5 million b/d
Production of crude oil in the seven major producing regions in U.S. is forecast to reach 8.520 million barrels per day this month, according to a drilling productivity report issued June 17 by U.S. Energy Information Administration. That’s an increase of 70,000 barrels per day from June (8.450 million b/d). About 79 percent of the […]
Philadelphia firm EDGE begins on-site LNG production
Philadelphia-based EDGE LNG expects to begin within six months operation of mobile LNG units in Permian Basin. EDGE said June 18 it began on-well-site LNG production May 7 accessing Marcellus gas in Pennsylvania and making truck deliveries of LNG sales to its first customers. The company deploys transportable Cryobox LNG production and liquefaction equipment by […]
Texas continues to lead declining counts of active drilling rigs
Texas led all states in drilling rig count decline for the third straight week as of June 21, according to Baker Hughes. There were 463 active rigs in Texas – down 4 from the previous week and down 70 from a year ago. There were 439 rigs in Permian Basin (441 previous week, 474 previous […]
Phillips 66 files permits to build offshore export facility on Texas coast
Oil refiner Phillips 66 reportedly has filed federal and state permits to build an offshore export facility about 27 miles east of Port Aransas. Reuters and Houston Chronicle reported the proposed deepwater crude export terminal last week. Reuters said Phillips’ Bluewater Texas terminal is being developed with Port of Corpus Christi. Dennis Nuss of Phillips […]
Weatherford opens new oilfield technology super center in Odessa
Weatherford International, which operates in more than 80 countries with 700 locations, opened a new oilfield technology super center in Odessa June 13. Eight of Weatherford’s service lines in the region now will operate from one building. Mark Swift, president of the company’s western hemisphere division, said, “If you’re going to be a major player […]
Breakwater launches midstream division to boost recycling in Permian Basin
Houston-based Breakwater Energy Partners said June 19 its new midstream division will enhance the company’s oilfield wastewater recycling in Permian Basin. The new division will build and operate pipelines and other equipment to move freshwater and wastewater to and from oil and gas operations in the Permian shale play. Breakwater’s water recycling segment, with capacity […]