Permian Basin

Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Colorado’s Denver-Julesburg (DJ) Basin is expected to take the bulk of midstream activity in 2021 by a new affiliate created between Noble Midstream Partners LP and Chevron Corp. Houston-based Noble Midstream said Tuesday it had successfully integrated into a new Chevron affiliate. The integration followed Chevron’s completed merger in October with Noble Energy Inc.  “Noble…

December 8, 2020
Lower 48 Natural Gas Venting, Flaring Reached Record High in 2019, EIA Says

Lower 48 Natural Gas Venting, Flaring Reached Record High in 2019, EIA Says

Natural gas venting and flaring in the United States reached an all-time high of 1.48 Bcf/d in 2019, with North Dakota and Texas accounting for 85% of the total, the Energy Information Administration (EIA) said Tuesday. Vented/flared gas accounted for 1.3% of gross gas withdrawals nationwide, also a record, EIA researchers said. “As crude oil…

December 8, 2020
Ring Drilling First Permian Horizontal in 10 Months, but Executive Upheaval Drawing Concerns

Ring Drilling First Permian Horizontal in 10 Months, but Executive Upheaval Drawing Concerns

Permian Basin producer Ring Energy Inc. said Thursday it has begun drilling its first horizontal well in 10 months on the Northwest Shelf leasehold in West Texas, a positive sign in what is proving to be a year of upheaval for the company. The Badger 709 B No. 6XH oil San Andres well in Yoakum…

December 7, 2020
Permian Highway Start-Up Sending Natural Gas to Gulf Coast

Permian Highway Start-Up Sending Natural Gas to Gulf Coast

Kinder Morgan Inc.’s hotly contested Permian Highway Pipeline (PHP) is fully operational, moving associated gas volumes through a 430-mile pipeline from Waha in West Texas to Katy, outside of Houston, with connections to the Gulf Coast and Mexico markets. PHP was mechanically complete on Nov. 1, and the 2.1 Bcf/d conduit is expected to be…

December 7, 2020
Pioneer Natural Eyeing 10-Year Goal to Sharply Cut Methane, GHG Emissions in Permian

Pioneer Natural Eyeing 10-Year Goal to Sharply Cut Methane, GHG Emissions in Permian

Permian Basin giant Pioneer Natural Resources Co. has formally adopted targets by 2030 to sharply cut emissions across its Lower 48 operations, and it plans to tie executive incentive compensation to the goals. The strategy, to cut greenhouse gas (GHG) emissions by 25%, with methane emission intensities by 40%, was laid out in the Dallas-based…

December 3, 2020
Tellurian Drops Plans for 2.3 Bcf/d Permian Global Access Pipeline

Tellurian Drops Plans for 2.3 Bcf/d Permian Global Access Pipeline

One day after disclosing that CEO Meg Gentle had departed the company, Tellurian Inc. on Tuesday withdrew from FERC’s review a proposed 2.3 Bcf/d Permian Basin natural gas artery that would have moved supply to the Louisiana coast. The Permian Global Access Pipeline (PGAP) had been under the microscope by Tellurian for months as it…

December 2, 2020
Contango Snags Rockies, Permian ‘Low-Decline’ Oil, NGL Assets

Contango Snags Rockies, Permian ‘Low-Decline’ Oil, NGL Assets

Contango Oil & Gas Co. is set to expand its footprint in the Big Horn, Permian and Powder River basins after agreeing to purchase bank-owned liquidated assets for $58 million. Under the purchase and sale agreement announced Monday, the Fort Worth, TX-based independent is to acquire around 7,500 boe/d of production, 18.3 million boe of…

December 1, 2020
LNG 101: Defining Small-Scale LNG and its Advantages

LNG 101: Defining Small-Scale LNG and its Advantages

Liquefied natural gas (LNG) is a growing business across the world, and a key part of that growth is in small-scale applications that provide energy solutions and allow consumption of the super-chilled fuel in remote areas, but the “small-scale” label can be a confusing one. Small-scale LNG is generally considered to include the production and…

November 24, 2020
Oasis Emerges from Bankruptcy with $1.8B Less Debt, New Ticker

Oasis Emerges from Bankruptcy with $1.8B Less Debt, New Ticker

Houston-based Oasis Petroleum Inc., which works the Permian and Williston basins, has completed a financial restructuring and emerged from bankruptcy. The independent, which filed for Chapter 11 protection in late September, said it has reduced its prepetition debt by $1.8 billion. It is trading on Nasdaq under “OAS.” “Oasis is now uniquely positioned with a…

November 24, 2020
MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 20, 2020