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Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.”
The new cryo facility will commence operations in Q1 of 2027. The two companies share a mutual goal of advancing gas processing in the Permian Basin. NiTech NRU technology empowers operators to recover reserves previously deemed uneconomical due to high nitrogen or other contaminants. An NRU takes shape in Texas.
percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.
The newly acquired assets include interests in more than 1,100 producing wells operated by several of the industry’s leading companies. The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin.
Oil and gas operators in nearby Permian Basin, a source of light pollution, also have adopted dark sky friendly lighting at drilling rigs and gas plants in west Texas. The post Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution appeared first on Permian Basin Oil and Gas Magazine.
based on gross operated production, well count and rig movements in 2024. Mewbourne, founded in 1965, coordinates its operations in Permian Basin from offices in Midland and Hobbs, N.M. Tyler-based Mewbourne Oil Co. moved to second in Enverus’ latest list of the most prolific 100 private oil and gas producers in the U.S.
By deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. Traverse City-based NGCS has about 351,000 horsepower, including 316,000 operating horsepower and 35,000 horsepower backlog of contracted new equipment.
In an operational update for first quarter 2025, Midland-based Diamondback Energy said it is closely monitoring the macro environment and is actively reviewing its operating plan for the remainder of 2025. Diamondback said it can further lower its breakeven oil price through capital and operating cost reductions.
STRATOS is under construction in Ector County in Permian Basin. Taylor Wright, head of operational decarbonization for JPMorganChase, added, “With STRATOS set to be commercially operational this year, JPMorganChase is proud to support large scale deployment of DAC technology.”
The Permian Basin’s hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Joey” Hall as Chief Operating Officer, effective June 2, 2025. I look forward to working with the team to scale operational capabilities and drive sustainable, long-term growth.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” The opinion in Cactus Water Services v.
Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. The deal adds about 100 new gross operated, two-mile locations that immediately compete for capital. Another 4,500 non-operated acres could fit into the companys plans. for $608 million. billion to $2.0
Mayes Middleton, R-Galveston, in the recent legislative session, requires oil and gas operators to plug wells have been inactive for at least 15 years. Texas Tribune said it’s “the first legislation in years toward addressing the growing environmental problem for which the state’s taxpayers have become increasingly responsible.”
The expansion was completed May 29 to increase capacity of the Mongoose plant in Westbrook in Mitchell County in Midland Basin by 53 million cfd from its Phase I capacity of 17 million cfd. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.
Officials from Texas Department of Public Safety told the Houston Chronicle there has been a surge in activity in oilfield theft the past two years in Permian Basin. According to the Chronicle, theres suspicion its part of an international enterprise operating on both sides of the U.S.
ExxonMobil remains the top drilling operator in U.S. and Permian Basin, as of March 7 according to Enverus , and Helmerich & Payne is the top contractor in U.S. In Permian Basin, the latest weekly average for Exxon was 35.1 21 Permian Basin had 111 of 198 frac crews in U.S. rigs followed by Occidental with 24.9,
Purpose-built for high-performance operations, the tanks will serve critical supply chains across oil and gas, petrochemical, LNG, and industrial manufacturing sectors, with particular relevance for operations along the Gulf Coast and into key inland markets. business development team.
The injection zone of the new well will target the Devonian formation of the northern Delaware Basin. Titan complex currently operates 150 million cfd of high-circulation amine treating capacity and two AGI and carbon sequestration wells. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
First quarter production was 311,000 boed (down 14 percent from 4Q) and 141,000 b/d of oil (down 12 percent from 4Q) from its operations in Permian Basin and DJ Basin. The company said the declines were primarily due to reduced production in DJ Basin. billion to $1.9 billion for 2025.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Chris Chandler, COO, said of the Black Knight asset, Its in the absolute core of the northern Midland Basin. The $55 million deal closed May 1.
The New Mexican said defendants, including Permian operators, are Chesapeake Energy, Continental Resources, Diamondback Energy, EOG Resources, ExxonMobil, Hess Corp., The post Lawsuits against producers for inflating prices combined in federal court in NM appeared first on Permian Basin Oil and Gas Magazine.
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. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. The family also operates Underdog Rentals. on April 15.
Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Key operators include ExxonMobil, Apache, Diamondback, Occidental, ConocoPhillips and Continental, who have spudded an average of 148 wells a year on the properties since 2021. Charlie Shufeldt, CEO, said Jan.
The Midland company is a leading provider of oilfield wireline services in the Permian Basin. Pintail operates more than 30 active fleets and maintains relationships with blue chip E&P companies (exploration and production) by delivering service, safety, low emissions and fuel cost efficiencies.
Dallas-based Rising Phoenix Capital, privately held investment firm, said Monday it purchased mineral interests in Ector and Midland counties operated by ConocoPhillips. Jace Graham, CEO, said, We target high-quality operators, proven geology, and mineral interests that deliver dependable monthly income.
said this week it acquired 20,000 net acres in Reeves and Ward counties in Permian Basin for $390 million from an undisclosed seller. Energy Development acquires 20,000 net acres in Reeves, Ward counties appeared first on Permian Basin Oil and Gas Magazine. Fort Worth-based U.S. Energy Development Corp. The post U.S.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. And 16 well locations in the Dean and Wolfcamp formations remain in project inventory pending development by major operator Diamondback. Mentor said its royalty stream is equivalent to 12.5
percent interest in Matterhorn Express, 510-mile natural gas pipeline that ships Permian Basin gas from Waha hub to Wharton and Katy. After closing, Whitewater will own 65 percent interest and operate the pipeline, and MPLX and Enbridge will each own 10 percent. There also are two laterals in Midland Basin of 85 and 50 miles.
Houston-based Crescent Energy said Tuesday it closed a deal to sell non-operated assets in Permian Basin for $83 million in cash to reduce debt. The post Crescent Energy sells non-operated assets in Reeves County to reduce debt appeared first on Permian Basin Oil and Gas Magazine.
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. The post EOG 2025 plans steady in Delaware Basin, more activity in Utica, Dorado appeared first on Permian Basin Oil and Gas Magazine.
Dallas-based Vaquero Midstream, natural gas gathering and processing midstream company operating in the Delaware Basin, said last week it will expand its existing gathering system in west Texas. The post Vaquero to expand in Delaware Basin, including new pipeline and gas plant appeared first on Permian Basin Oil and Gas Magazine.
Baker Hughes reported little new activity among operators in Permian Basin, Texas and New Mexico in its weekly report of drilling rigs for April 17. There were 289 rigs in Permian Basin (289 week ago, 318 year ago), 274 in Texas (274 week ago, 296 year ago) and 100 in New Mexico (100 week ago, 108 year ago).
There are two primary destinations for PW from onshore operations. The result is operators are spending more to ship PW further and then paying higher prices for disposal volumes, especially at SWD facilities just outside of the SRAs. This could force operators to stop production in previously profitable fields.
The post RWE Clean Energy expands renewable energy operations in west Texas appeared first on Permian Basin Oil and Gas Magazine. Kevin Kroll, COO, said, RWEs investments in west Texas symbolize our commitment to producing homegrown energy and strengthening U.S.
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.
Breaches often involve ransomware or systems being taken offline, which can halt critical operations like drilling, refining, or logistics. Related: The Escalating Cyber Stakes The post Most O&G Companies Suffer Data Breaches appeared first on Permian Basin Oil and Gas Magazine.
Viper SWOT Viper Energy delivers strong operational results, with Q1 2025 oil production of 31,311 barrels per day and industry-leading gross profit margins of 92.92 Regulatory changes—such as new taxes or drilling restrictions—could impact operators and royalty streams. Weak natural gas prices ($2.08/Mcf
billion to Strategic Storage Partners to manage and operate the four sites of the nations Strategic Petroleum Reserve (SPR). billion to JV to operate SPR in Texas, Louisiana appeared first on Permian Basin Oil and Gas Magazine. Department of Energy said April 3 it awarded a contract of $1.4
How the development, validation, and large-scale deployment of online solids management systems is saving operators money by releasing flowback equipment sooner, minimizing equipment damage due to solids carry-over, and reducing the need for shutdowns and confined space entry cleanout operations. Cleanout operations are also costly.
Viaro intends to leverage its operational expertise and financial capability to advance the development of Selene, reaffirming its strategic focus on unlocking critical domestic energy resources and supporting the UK’s energy security. Please sign in or register for free. Already a member?
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.
Oil majors ExxonMobil and Occidental Petroleum are the top operators in Permian Basin, according to a report May 27 from Enverus. Other leading operators in Permian are Mewbourne Oil with 15.9, Other leading operators in Permian are Mewbourne Oil with 15.9, operator at 36.0 for ExxonMobil and 22.1 for Occidental.
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 IOG Resources said April 10 it entered a joint development partnership in Permian Basin with Midlands Elevation Resources. Elevation Resources is a Permian-focused exploration and production company with operations in the Central Basin platform.
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