Permian Basin

BP Hitting Grand Slam in Reducing Permian Emissions by Switching to Electricity from Natural Gas

BP Hitting Grand Slam in Reducing Permian Emissions by Switching to Electricity from Natural Gas

BP plc, which is aiming to eliminate natural gas flaring in the Lower 48 by 2025 on its transition to becoming a zero-emissions producer, said it has taken a big step toward that goal with a state-of-the-art facility in the Permian Basin. The electrified Grand Slam facility near Orla, TX, is a central oil, gas…

April 21, 2021
Rigs Added in Permian, Williston as U.S. Count Up Seven

Rigs Added in Permian, Williston as U.S. Count Up Seven

Continued growth in oil-directed drilling, including gains in the Permian and Williston basins, helped lift the U.S. rig count seven units higher to 439 for the week ended Friday (April 16), according to the latest figures published by Baker Hughes Co. (BKR). An increase of seven oil-directed rigs and one natural gas-directed rig offset the…

April 16, 2021
Diamondback Raises 2021 Output Guidance Following Permian Deals

Diamondback Raises 2021 Output Guidance Following Permian Deals

Lower 48 player Diamondback Energy Inc. has raised its production guidance for 2021, reflecting the acquisition of two Permian Basin operators earlier this year. The company said Monday it was targeting 2021 oil production of 218,000-222,000 b/d, or 360,000-270,000 boe/d, following the completion of its purchases of Guidon Operating LLC in February and QEP Resources…

April 15, 2021
WhiteWater Testing Interest in Permian Natural Gas Storage Facility

WhiteWater Testing Interest in Permian Natural Gas Storage Facility

WhiteWater Midstream LLC is gauging customer interest in 2 Bcf of capacity at a Permian Basin storage facility following the start of commercial service on a pipeline expansion. Austin, TX-based WhiteWater on Monday launched an open season through May 21 to solicit commitments for firm natural gas storage services at the Waha Hub in Pecos…

April 14, 2021
Ecoark Looking to Power Cryptocurrency Mining with Constrained Natural Gas

Ecoark Looking to Power Cryptocurrency Mining with Constrained Natural Gas

San Antonio-based Ecoark Holdings Inc. plans to begin beta testing a cryptocurrency mining approach in May that would be powered by natural gas that is constrained by a lack of infrastructure. The diversified holdings company established a strategic initiatives team in February to analyze ways to deploy capital for the test project. Led by CFO…

April 13, 2021
LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

Dallas-based midstreamer LM Energy Holdings LLC through its subsidiary LM Touchdown Crude III LLC is testing support to obtain commitments to expand its crude oil gathering system in the Permian Basin of New Mexico. The binding open season to expand the system in the Delaware sub-basin was launched on Monday and concludes May 12. “Despite…

April 13, 2021
Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Despite projected gains from the Permian Basin and Haynesville Shale, overall natural gas production from seven key U.S. onshore regions is set to decline from April to May, according to updated figures released Monday by the U.S. Energy Information Administration (EIA). Total output from the seven regions — the Anadarko, Appalachia and Permian basins, as…

April 12, 2021
Permian Leads Oil, Gas Well Completions to Pre-Pandemic Levels

Permian Leads Oil, Gas Well Completions to Pre-Pandemic Levels

Well completions in North America have nearly recovered to pre-pandemic levels, with hydraulic fracturing jobs reaching a 12-month high in March, according to Rystad Energy. Nowhere are completions climbing faster than in the Permian Basin, analysts said. The data is borne out by the rising rig count in West Texas and southeastern New Mexico. The…

April 12, 2021
Oxy, Cemvita Piloting Bio-Ethylene Process to Reduce CO2, Compete with Hydrocarbon Feedstocks

Oxy, Cemvita Piloting Bio-Ethylene Process to Reduce CO2, Compete with Hydrocarbon Feedstocks

A unit of Occidental Petroleum Corp. (Oxy) is partnering in a pilot project that could produce 1 metric tons/month of ethylene using human-made carbon dioxide (CO2) instead of hydrocarbon feedstocks like natural gas and oil. Houston-based Cemvita Factory, a bio-engineering start-up, is working with Oxy Low Carbon Ventures (OLCV) on the bio-ethylene pilot facility, which…

April 8, 2021
Permian-Focused Solaris Issues ‘Landmark’ Sustainability Bonds for Produced Water Infrastructure

Permian-Focused Solaris Issues ‘Landmark’ Sustainability Bonds for Produced Water Infrastructure

Permian Basin-focused Solaris Midstream Holdings Inc. said it has completed offering $400 million in senior unsecured notes for the first sustainability linked bond (SLB) in the produced water infrastructure industry. The Houston-based operator, parent company to Solaris Water Midstream LLC, said the notes were a “landmark issuance.” SLBs, which are used for general corporate purposes,…

April 5, 2021
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