Texas

Texas Railroad Commission faces critical budget needs – Craddick

Texas Railroad Commission faces critical budget needs – Craddick

Dallas Fed also a research institution providing information on US, Texas economies DALLAS – Chairman Christi Craddick met with leadership at the Federal Reserve Bank of Dallas (Dallas Fed) this week to discuss this year’s outlook for the state’s oil and gas industry. According to economists with the Dallas Fed, Texas oil and gas drilling activity will […]

By February 15, 2017 0 Comments Read More →
Parsley Energy grows wild in Permian Basin of West Texas

Parsley Energy grows wild in Permian Basin of West Texas

Last month, Parsley paid US$19,800 per acre for additional Midland basin acreage Following last month’s acquisition of nearly 18,000 net acres in the Midland basin, Parsley Energy this week purchased Double Eagle Energy’s assets, adding 71,000 net acres with 3.6 mboe/d of production, according to Wood Mackenzie. The addition of these assets will nearly double […]

By February 15, 2017 0 Comments Read More →
Noble Midstream enters pipeline joint venture in Delaware Basin

Noble Midstream enters pipeline joint venture in Delaware Basin

Noble Midstream’s interest will be funded with cash, and its undrawn credit facility Noble Midstream Partners LP and Plains All American Pipeline, L.P. announced an agreement to form a 50/50 joint venture to acquire Advantage Pipeline, L.L.C., which owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin, according to a press release. […]

By February 13, 2017 0 Comments Read More →
Texas drilling and completions statistics for January 2017

Texas drilling and completions statistics for January 2017

Texas rig count as of Feb. 10 was 362, 49% of all active rigs in US The Railroad Commission of Texas issued a total of 956 original drilling permits in Jan. 2017 compared to 510 in Jan. 2016. The total included 865 permits to drill new oil or gas wells, 12 to re-enter plugged well […]

By February 13, 2017 0 Comments Read More →
Parsley Energy to buy assets in Permian basin for about $2.8 billion

Parsley Energy to buy assets in Permian basin for about $2.8 billion

Parsley Energy buys 71,000 net acres from Double Eagle Feb 7 (Reuters) – Parsley Energy Inc said on Tuesday it would buy certain assets in the oil-rich Permian Basin for about $2.8 billion from Double Eagle Energy Permian LLC, its second deal in the largest U.S. oil patch in less than a month. The energy industry […]

By February 7, 2017 0 Comments Read More →
Texas oil and gas production statistics for November 2016

Texas oil and gas production statistics for November 2016

Texas November 2016 production came from 181,475 oil wells and 92,930 gas wells Production for Nov. 2016 according to the Railroad Commission of Texas is 72,322,284 barrels of crude oil and 571,259,135 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by […]

By February 6, 2017 0 Comments Read More →
Shell renegotiating Permian JV with Anadarko

Shell renegotiating Permian JV with Anadarko

Oil majors boosting stakes in Permian  By Ron Bousso LONDON, Feb 2 (Reuters) – Royal Dutch Shell and Anadarko Petroleum are renegotiating their five-year-old joint venture in the Permian shale basin in Texas, Shell Chief Financial Officer Simon Henry said on Thursday. The 50-50 JV in the Delaware basin, which expires this year, will likely […]

By February 2, 2017 0 Comments Read More →
Uncovering the Permian Basin’s potentials and pitfalls – study

Uncovering the Permian Basin’s potentials and pitfalls – study

New report details infrastructure constraints as drilling prepares to ramp up In the latest instalment of its Fundamental Edge market outlook series, Drillinginfo has released an interim report on what has become the most watched oil and gas basin in the US, the Permian Basin in West Texas/Southeastern New Mexico. The Permian is arguably the hottest […]

By February 2, 2017 0 Comments Read More →
As oil recovers, U.S. firms descend on the Permian Basin in West Texas

As oil recovers, U.S. firms descend on the Permian Basin in West Texas

Cheaper to drill in the Permian Basin than other major US oil regions By Ernest Scheyder ODESSA, Texas, Feb 1 (Reuters) – In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of West Texas, the […]

By February 1, 2017 0 Comments Read More →
Railroad Commissioner Christian says coal important to Texas energy supply

Railroad Commissioner Christian says coal important to Texas energy supply

Wayne Christian was elected to join the Railroad Commission of Texas in Nov. 2016 Railroad Commissioner Wayne Christian this week toured Luminant Mining Co., LLC.’s Three Oaks Mine and Alcoa Inc.’s Sandow mine reclamation area in Bastrop, Lee and Milam counties. This was Commissioner Christian’s first site visit since taking office in early Jan. “Texas […]

By February 1, 2017 0 Comments Read More →