Comparing wells drilled Q1/2023 vs Q1/2024 in the Permian Basin we see a 14% increase in wells drilled.
Permian Basin Oil & Gas Account List
Detailed list of Oil & Gas Operators that are active in the Permian Basin
DCP Midstream transfers 68.74 miles of gathering pipeline to Nile Midstream Crane County
Nile Midstream was approved for new pipeline permit (10563) by the Railroad Commission of Texas for the transfer of 68.74 miles of gathering pipeline from DCP Midstream (now a part of Phillips 66).
Kinetik Midstream Play Profiting in the Texas Delaware Basin
Kinetik Holdings Inc. (KNTK) is an energy midstream company that was formed in February 2022 when publicly traded Altus Midstream merged with privately held EagleClaw Midstream. This created the only pure-play midstream company operating in the Texas Delaware Basin.
Mid-continent Rig Count April 16th 2024
Rig count in the Mid Con last 30 days, report date April 16th 2024. We are tracking 153 Oil & Gas Operator and 484 drilling rigs that drilled wells in 92 counties located in the Mid-continent.
Devon Energy invests in Fervo Energy geothermal technology
Fervo announced its latest round of funding this week to the tune of $244 million. The round was led by Devon Energy, a company that’s previously backed the startup.
Chesapeake Energy Invests in Houston geothermal startup
Houston-based Sage Geosystems announced the first close of $17 million round led by Chesapeake Energy Corp.
Double E Pipeline announces open season Delaware Basin
Double E is a 135-mile Federal Energy Regulatory Commission-regulated interstate natural gas transmission pipeline that commenced operations in November 2021 and provides transportation service from receipt points in the Delaware Basin to various delivery points in and around the Waha hub in Texas.
Permian Terms
well productivity capitally efficient program cycle times feet drilled per per lateral foot Megapad full section development factory double premium standard single spread of pressure pumping equipment well spacing Completion design cycle times Capital Efficiencies simul-frac/twin frac top-tier advancements optimizations coring up acreage In the oil and gas industry, a…
Apache must pay $4 million in penalties or air quality violations
Apache Corp. must implement a third-party verification system to ensure that it’s complying with a court-approved consent decree for air quality violations at its well pads in Texas and New Mexico.