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Report: Blackbeard leads horizontal drilling resurgence in Central Basin

Permian Basin Oil and Gas Magazine

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.”

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Permian Basin Gets Nitrogen Rejection Unit

Permian Basin Oil and Gas Magazine

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.

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ONEOK acquires remaining 49 percent interest in Delaware Basin JV

Permian Basin Oil and Gas Magazine

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.

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Peregrine Energy acquires interests in six states, including Delaware Basin

Permian Basin Oil and Gas Magazine

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.

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Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution

Permian Basin Oil and Gas Magazine

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.

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Mewbourne Oil climbs to second in list of top 100 private oil and gas producers

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.

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Archrock acquires NGCS to expand compression assets in Permian Basin

Permian Basin Oil and Gas Magazine

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.

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