Texas

NuStar to buy Navigator Energy for $1.48 billion

NuStar to buy Navigator Energy for $1.48 billion

NuStar Energy looking to expand into Permian Basin NuStar Energy LP announced on Tuesday that it is buying privately held Navigator Energy Services LLC for approximately $1.48 billion. The company says with the purchase of the Dallas-based pipeline company it is expanding its operation into the Permian Basin. Navigator Energy owns and operates crude oil […]

By April 11, 2017 0 Comments Read More →
Texas drilling permits, completions statistics for March 2017

Texas drilling permits, completions statistics for March 2017

Texas rig count as of April 7 was 418, representing 50% of active rigs in US AUSTIN – The Railroad Commission of Texas issued a total of 1,310 original drilling permits in March 2017 compared to 511 in March 2016. The March total included 1,144 permits to drill new oil or gas wells, 11 to re-enter […]

Renewable energy plants pop up on West Texas oil and gas landscape

Renewable energy plants pop up on West Texas oil and gas landscape

West Texas renewable energy helps power Austin, San Antonio West Texas country, known for oil and gas rigs, is quickly becoming the home to a number of renewable energy facilities which provide electricity for thousands of Texas homes and businesses. On April 5, the East Pecos Solar Facility went live after a year-long construction period.  The First […]

By April 10, 2017 0 Comments Read More →
Chevron shifts to Permian Basin shale, boosts spending by 67 per cent

Chevron shifts to Permian Basin shale, boosts spending by 67 per cent

Chevron owns 2 million acres in Permian Basin Chevron Corp is shifting its focus from multi-billion dollar mega projects to the Permian Basin, hoping to weather low oil prices by quickly developing its vast shale holdings in Texas and New Mexico. In an interview with Reuters, Chevron CEO John Watson said he wants to put the shale […]

Texas oil/natural gas regulator needs proper funding – industry association

Texas oil/natural gas regulator needs proper funding – industry association

Texas has comprehensive regulations for all aspects of oil and natural gas activity By Todd Staples, Texas Oil & Gas Association Texas lawmakers are reviewing the Railroad Commission of Texas (RRC), the state agency that regulates the oil and natural gas industry, as part of the sunset review process. Lawmakers would do well to not […]

Dallas Fed survey shows strong optimism for Texas oil, gas production

Dallas Fed survey shows strong optimism for Texas oil, gas production

50% of exploration and production companies responding to survey reported improved overall 6 month outlook By Matt Mandel, EnergyInDepth A new survey from the Dallas Federal Reserve Bank shows oil producers in Texas and Oklahoma are continuing to thrive amid the moderate price environment, as efficiencies in production and resource-rich shale basins drive breakeven prices […]

Marathon’s $700USD million Delaware ‘bolt-on’ acquisition

Marathon’s $700USD million Delaware ‘bolt-on’ acquisition

Marathon holds almost 600 million boe of risked resource, near 1.5 billion boe of total resource in Permian On March 21, Marathon bought 21,000 net acres in the Delaware Basin for US$700 million from Black Mountain Oil & Gas and other private sellers, according to Wood Mackenzie. The deal comes soon after Marathon entered the […]

Texas oil and gas production statistics for January 2017

Texas oil and gas production statistics for January 2017

Texas production in Jan. 2017 came from 166,839 oil wells and 91,847 gas wells Production for Jan. 2017 as reported to the Railroad Commission of Texas is 75,331,644 barrels of crude oil and 608,396,818 mcf (thousand cubic feet) of total gas from oil and gas wells, according to a press release. These preliminary figures are […]

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 →