Texas

Shell, Anadarko may let Permian JV expire to speed up development

Shell, Anadarko may let Permian JV expire to speed up development

10-year long Permian joint venture unlikely to be renewed Royal Dutch Shell and Anadarko Petroleum are exploring the possibility of letting a 10-year joint venture in the Permian Basin expire. The move would allow both companies to split their properties in an effort to speed up development, according to a report by Reuters. A senior Shell executive […]

By March 27, 2017 0 Comments Read More →
$1.7 billion Total Texas investment in polyethylene, steam cracker JVs

$1.7 billion Total Texas investment in polyethylene, steam cracker JVs

Total Texas JV with Austria’s Borealis and Canada’s Nova Chemical On Monday, Total announced it will be entering a joint venture with two companies in a steam cracker unit and a new Borstar® polyethylene unit on the US Gulf Coast.  The Total Texas investments are valued at $1.7 billion. The French energy company is expected […]

By March 27, 2017 0 Comments Read More →
Texas drilling permits, completions statistics for February 2017

Texas drilling permits, completions statistics for February 2017

Rig count as of March 10 was 392, representing 51% of all active rigs in US The Railroad Commission of Texas issued a total of 991 original drilling permits in Feb. compared to 573 in Feb. 2016. The Feb. total included 847 permits to drill new oil or gas wells, 11 to re-enter plugged well bores […]

Sanchez Energy, Blackstone join in $2.3 billion Anadarko Eagle Ford acquisition

Sanchez Energy, Blackstone join in $2.3 billion Anadarko Eagle Ford acquisition

Sanchez Energy, Blackstone purchase 318,000 acres in Western Eagle Ford On Friday, Sanchez Energy and Blackstone Energy Partners announced they have entered into a 50/50 partnership to purchase approximately 318,000 gross acres in the Western Eagle Ford, valued at $2.3 billion. The land is primarily located in the Dimmit and Webb counties which are contiguous to […]

Epic Pipeline to be built, should be operational by 2019

Epic Pipeline to be built, should be operational by 2019

Epic Pipeline to transport oil from West Texas to Corpus Christi Three companies are working together to build a 730-mile long ultralight crude oil pipeline that will provide access to producers in both the Delaware and Midland basins and will deliver crude to Corpus Christi. The pipeline will have maximum capacity of 440,000 barrels per day […]

Marathon Texas City refinery begins plant-wide overhaul

Marathon Texas City refinery begins plant-wide overhaul

Marathon Texas City refinery work should be complete by mid-to-late April Marathon Petroleum Corp began a plant-wide overhaul at its 86,000 barrel per day (b/d) Texas City, Texas, refinery on Friday, said sources familiar with plant operations. Marathon shut the 55,000 b/d gasoline-producing fluidic catalytic cracking unit on Friday to start the overhaul, the sources […]

By February 25, 2017 0 Comments Read More →
Pioneer Natural Resources’ Permian Basin pathway to 1 million boe/d

Pioneer Natural Resources’ Permian Basin pathway to 1 million boe/d

Hitting 1 million boe/d still far from certain In its Q4 earnings call, Pioneer Natural Resources provide guidance on how it plans to increase its Permian Basin production to one million barrels equivalent per day (70% oil) by 2026, while pledging cash flow neutrality in 2018, according to Wood Mackenzie. Sounds great, but is it doable? In Wood […]

By February 24, 2017 0 Comments Read More →
Permian M&A production surge/profitability could trigger new wave of Asian investment

Permian M&A production surge/profitability could trigger new wave of Asian investment

Asian companies have signaled coming of potential second wave of international investments in US resource plays The dramatic resurgence in US upstream M&A activity since mid-2016 has been driven by the vast resource potential and compelling economics in the Permian Basin, according to 1Derrick. Deals in the Permian accounted for 48 per cent, or $24.8 billion, […]

By February 24, 2017 0 Comments Read More →
Texas Railroad Commission updates oil & gas enforcement data, major violation definition

Texas Railroad Commission updates oil & gas enforcement data, major violation definition

AUSTIN – The Railroad Commission of Texas is adding quarterly oil and gas enforcement data to the agency’s website, according to a press release from the Commission. The additions are part of the RRC’s “continued commitment to informing Texans about the agency’s actions to protect public safety and the environment.” Beginning with the first quarter […]

By February 17, 2017 0 Comments Read More →
Permian Basin to drive up shale oil production by 80,000 b/d in March

Permian Basin to drive up shale oil production by 80,000 b/d in March

Permian and Eagle Ford rank first and third respectively as most productive US shale plays for crude oil By Matt Mandel, EnergyInDepth The latest US Energy Information Administration (EIA) drilling productivity report projects US shale oil production will increase by roughly 80,000 barrels per day (bpd) in March, with 70,000 bpd produced in Texas’ Permian […]

By February 16, 2017 0 Comments Read More →