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The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin. The deals completed with multiple unnamed sellers continue Peregrine’s goal to build “a diversified portfolio that blends geographic and product exposure with dependable cash flow.”
Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.
Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The Midland company is a leading provider of oilfield wireline services in the Permian Basin.
producers slowing their drilling and completion activity this year. production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. Energy Information Administration reduced its forecast for crude oil production this year. As a result, we forecast U.S. million b/d by 2026Q4.
Midland-based Diamondback Energy said April 1 it completed its previously announced acquisition of subsidiaries of Double Eagle IV Midco. billion purchase (cash and equity) covered about 40,000 net acres in Midland Basin with an estimated 407 gross drilling locations and anticipated 2025 production of 39,000 boed (69 percent oil).
It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. The injection zone of the new well will target the Devonian formation of the northern Delaware Basin.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. acquired Pintail Alternative Energy, aka Pintail Completions, aka Pintail Wireline. And sometimes it comes from ripple effects of mergers, acquisitions, and other consolidation activity.
Diversified announced its purchase in January for $1.275 billion (including debt) of Maverick with core assets in Permian Basin, western Anadarko and Ark-La-Tex. The post Diversified completes Maverick purchase, names Rick Gideon as COO appeared first on Permian Basin Oil and Gas Magazine.
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport natural gas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028.
Houston-based EOG Resources said recently its 2025 capital program includes steady year-over-year activity levels in Delaware Basin with increased activity in Utica and Dorado plans. We improved productivity and base production performance through innovations in completion design and artificial lift automation. EOG said Feb.
Houston-based Voyager Interests, private equity firm specializing in energy services and equipment investments, said last week it made a majority investment in Midlands Tejas Completion Services. Tejas provides specialty pumping and related services, including acid and completion chemicals, mixing plant services, and thru-tubing services.
Houston-based Phillips 66 said last week it completed the previously announced acquisition of EPIC Y-Grade GP and EPIC Y-Grade for $2.2 The post Phillips 66 completes deal for EPIC NGL assets, including pipeline from Permian appeared first on Permian Basin Oil and Gas Magazine.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
The decline coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies. The inventory of DUC wells (drilled but uncompleted) has increased, but producers could complete these wells to quickly increase production.
Ring is in the process of bolting on central basin platform assets from Lime Rock and is divesting expensive, non-core vertical wells. Ring drilled 5 horizontal wells and 4 vertical wells and completed 10 wells with all drilling and completion activity occurring in central basin platform.
Management successfully drilled more than 60 horizontal wells in Delaware Basin, including completion of three U-shaped horizontal wells. Gallagher said May 6, We are positioned to execute a disciplined, multi-basin growth strategy. Our modern operator mindset gives Greenlake a distinct advantage in todays energy landscape.
The company is about to complete a transformative “Drop Down” transaction with parent company Diamondback Energy (FANG) that promises to significantly reshape Viper’s production profile in 2025. It was finally signed in January 2025 and will complete in Q2 2025. Weak natural gas prices ($2.08/Mcf
20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb. billion to $2.8
Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Civitas said slightly more than half of total capital investments will be allocated to Permian Basin with the remainder to DJ Basin.
Dallas-based Matador Resources said Wednesday because of lower commodity prices it will reduce its 2025 drilling and completion activities, drop from nine to eight rigs by midyear, and reduce capital spending by $100 million to $1.275 billion. million feet of inventory and 1,869 locations in the Delaware Basin.
Teague said Enterprise has growth projects valued at $6 million scheduled for completion in 2025, including two natural gas processing plants in the Permian Basin in 3Q. The post Enterprise reports increase in throughput volumes in first quarter appeared first on Permian Basin Oil and Gas Magazine.
is underpinned by long-term commitments and more than 165,000 dedicated acres from several Permian Basin producers. Completion of Phase I will increase total treating capacity to 200 million cfd, and Northwind will further expand capacity to 400 million cfd by 2026. appeared first on Permian Basin Oil and Gas Magazine.
The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. It is in view of that pedigree that Dennis Johnson was honored as the Permian Basin Petroleum Associations 2025 Top Hand.
Stice added, We now expect to drill between 385 and 435 gross wells and complete approximately 475 to 550 wells. We are dropping three rigs and one full time completion crew in the second quarter, and we expected to be at these levels through the majority of the third quarter. billion to $3.8 billion down from $3.8 billion to $4.2
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
More than 60 projects are scheduled for completion by yearend 2028. The post EIP report: Developers plan more than 100 new gas power plants in Texas appeared first on Permian Basin Oil and Gas Magazine. million gasoline-powered cars.
The company completed 6.3 The post Riley Permian acquires Silverback Exploration in Eddy County appeared first on Permian Basin Oil and Gas Magazine. In first quarter Riley Permian averaged 24,400 boed of total production (oil production of 15,600 b/d). net wells in 1Q.
Octopi in the Wild At the time of writing, over 150 Octopus units have been deployed across the Permian Basin. Conclusions and Industry Guidance The back-production of solids from onshore wells, especially those completed with hydraulic fracture stimulation, is a persistent and costly challenge.
2) The Midland Basin depleted its inventory of excess DUCs the most over the past year, falling from two months to one. (3) 2) The Midland Basin depleted its inventory of excess DUCs the most over the past year, falling from two months to one. (3) Key takeaways of the report include the following. (1)
The three officials said in the report March 24 that two factors account for expansion of production on federal lands greater well productivity and an increasing number of completions. The post Most oil production in New Mexico comes from wells on federal lands appeared first on Permian Basin Oil and Gas Magazine.
Carbon Clean announced April 3 the successful completion of the first-ever industrial deployment of CycloneCC. The post Modular Carbon Capture Unit Achieves Milestone appeared first on Permian Basin Oil and Gas Magazine. Shown here is the modular unit that was deployed in Abu Dhabi.
But after that comes completions, including coiled tubing, cementing, and all thats entailed in those procedures. Nick Pottmeyer Nine Energy Service handles many completion procedures. Nick Pottmeyer is President of Completion Tools Operations for the company, and Joe Huwel is President of Cementing and Coiled Tubing.
The next steps for this partnership include the completion of the demonstration reactor and the development of systems to integrate Naturas reactors with water desalination and energy production technologies. The post Texas Tech, Natura Partner over Reactor Technology appeared first on Permian Basin Oil and Gas Magazine.
The real Achilles heel of the whole thing is that the market is completely artificial, he declared, alluding to the fact that this niche leans heavily on government-mandated carbon credits and Inflation Reduction Act funding to cover costs. When completed it will capture up to 500,000 tons of CO 2 annually.
It took 11 years to complete Mount Rushmore, carved by men with jack hammers and chisels on the side of a mountain, many of them hanging from ropes tied onto rudimentary seats, while occasionally using dynamite/explosives, without OSHA, EPA, and Safety Oversight Board members. appeared first on Permian Basin Oil and Gas Magazine.
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. A Lot of Help from My Friends At this point the big question revolves around how a completely solo welder becomes a significant entrepreneur and manages a rapidly growing business.
This is especially valuable in high-transaction environments like the Permian Basin, Elchitz observed. It also integrates with other Enverus software to help complete what he called the aforementioned source-to-pay process, creating and end-to-end solution for procurement and payment workflows. Data-Driven Decision Making.
If a temperature or bond log was not run at completion (or is lost), then a bond log should be run prior to plugging, unless cement circulation is proven in the record. The post Improving Plugging and Abandonment Procedures appeared first on Permian Basin Oil and Gas Magazine.
This is the kind of pride one can take when surveying the fact that more of the Permians needed infrastructure and manufacturing is happening in the Basin itself. Every time I drive into Midland for hitch from East Texas I see more and more facilities being built, observes Luis Raymundo, Lead Chemical Operator at Refined Completions.
The Permian Basin is a hotbed of activity, always answering a relentless demand for output, and as experts look ahead, the infrastructure needed to accommodate surging output comes squarely into focus. He says the Permian Basin region has seen a couple of gigawatts of average growth.
As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for natural gas fired electricity. New Era Heliums partnership with Sharon AI through Texas Critical Data Centers (TCDC) represents a cornerstone of its Permian Basin strategy. and in the Permian Basin.
Geographically, the New Mexico side of the Permian Basin seems smallonly five of the regions 54 counties are there. But those fivemainly Lea and Eddyaccount for 29 percent of the Basins total production, according to figures from the U.S. Energy Information Administration (EIA). The Keep It in The Ground movement comes to mind.
Of course, that is complete hogwash (i.e., The practice of exporting LNG is environmentally friendlyit makes good and responsible use of the abundant associated gas that is produced along with the crude oil extracted here in the Permian Basin. We also hear many out of Washington, D.C., misinformation).
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