The Texas oil and natural gas industry through July had seen a continued uptick in job growth, particularly in the Houston area, but the deadly Delta variant of Covid-19 poses near-term threats. An employment analysis of the upstream sector by the Texas Independent Producers and Royalty Owners Association (TIPRO) showed a net increase of 1,500…
Exploration And Production
Articles from Exploration And Production
Fieldwood Energy Sees ‘Positive’ Natural Gas Contribution to Mexico Southeast Supply
Fieldwood Energy LLC expects to be producing 30,000 b/d of light oil at two offshore Mexico fields by the end of the year, Andrés Brügmann, Mexico country manager, told NGI’s Mexico GPI. “The Pokoch and Ichalkil platforms should start producing in September…in the future we expect the project to reach 100,000 b/d and be one of the…
Natural Gas Rig Count Flat as Oil Drilling Stays on Growth Trajectory
The U.S. natural gas rig count remained unchanged at 97 during the week ended Friday (Aug. 27), while the oil patch kept its growth trend intact, according to the updated figures from Baker Hughes Co. (BKR). The overall U.S. count rose five units to 508 for the week, with oil rigs added on land accounting…
Oil Patch Keeps Uptrend Intact as U.S. Adds Five Rigs in Latest Count
U.S. land drillers turned in another week of gains thanks to continued expansion in the oil patch, according to the latest Baker Hughes Co. (BKR) tally, which showed the overall domestic rig count rising five units to 508 as of Friday (Aug. 27). Oil rigs added on land accounted for the entirety of the net…
China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources
China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin. The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl…
Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing
Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…
Lower 48 Associated Gas Output Broke Yearslong Uptrend in 2020, EIA Says
Associated natural gas production from U.S. onshore oil plays fell in 2020, marking the first year/year decline in output since 2016, the Energy Information Administration (EIA) said in a research note published Monday. Production of associated gas from the Permian and Anadarko basins, as well as from the Bakken, Eagle Ford and Niobrara shales, fell…
BKV Looking to Expand Further after $430M Texas Natural Gas Power Plant Deal
Natural gas exploration & production (E&P) company Banpu Kalnin Ventures Corp. (BKV) made a splash earlier this month with an announced deal to acquire a natural gas power plant in Temple, TX, for $430 million. With independent E&Ps largely focused on the upstream, value chain integration has chiefly been the territory of majors and supermajors.…
Five People Dead, Two Missing in Pemex Gulf of Mexico Platform Fire
Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…
U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises
The U.S. natural gas rig count fell five units to finish at 97 for the week ended Friday (Aug. 20), but a surge in oil-directed drilling drove an overall net gain in domestic drilling activity, according to the latest figures from Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for…