Railroad Commission of Texas said last week it plugged 1,012 orphan wells using state funds in fiscal year 2024 to surpass its goal of 1,000.  The commission said it exceeded its goal for the eighth straight year.  The state funds are collected from oil and gas industry revenue, including well plugging reimbursements, fees and bonds, […] The post Commission exceeds goal again by plugging 1,012 orphan wells in FY 2024 appeared first on Permian Basin Oil and Gas Magazine ..read more

Federal Energy Regulatory Commission will conduct a hearing Thursday at 4:30 p.m. at Lawndale Community Center in Odessa on the proposed DeLa Express pipeline.  FERC is gathering public input and comments to prepare an environmental report for the proposed natural gas pipeline project.  FERC is required to seek and consider public comments in its decision-making […] The post FERC to conduct hearing in Odessa on DeLa Express natural gas pipeline appeared first on Permian Basin Oil and Gas Magazine ..read more

Permian Basin added a drilling rig last week for the second time in the past three weeks, according to the weekly report of Sept. 6 by Baker Hughes.  There were 306 rigs in Permian Basin (up 1 from 305 previous week, down 14 from 320 year ago).  Baker Hughes also reported 274 rigs in Texas […] The post Permian Basin adds drilling rig for count of 306, Midland County up 3 to 23 appeared first on Permian Basin Oil and Gas Magazine ..read more

Railroad Commission of Texas is accepting public comments through Sept. 30 on its proposal to revise the agency’s rules regulating waste management facilities in the state. “This is the first overhaul of the RRC’s waste management rules in four decades,” the commission said. “The proposed rules factor safety and groundwater protection as well as technological […] The post Commission accepting public comments on new waste management rules appeared first on Permian Basin Oil and Gas Magazine ..read more

Calgary-based Enverus Intelligence Research said this week M&A (mergers and acquisitions) activity in power and energy transition industries is ahead of the pace set in 2023. Enverus has tracked $79 billion in power asset and energy transition M&A through the first half of the year across 234 deals with a reported value ahead of 2023’s […] The post Enverus reports M&A in power, energy transition ahead of 2023 pace appeared first on Permian Basin Oil and Gas Magazine ..read more

Houston-based Milestone Environmental Services said recently it has acquired assets in west Texas from Return Disposal. Milestone acquired slurry injection facilities in Big Spring, Mentone and Midkiff to expand its network to 11 full-service slurry injection facilities, including nine in Permian Basin. Milestone also operates three energy waste landfills in Permian Basin. The newly acquired […] The post Milestone acquires more energy waste disposal sites in Permian Basin appeared first on Permian Basin Oil and Gas Magazine ..read more

Tulsa-based Vital Energy recently upgraded its portfolio with a total of 119 long-lateral horseshoe locations in Permian Basin. That follows the successful execution of its first three horseshoe wells in Upton County in Midland Basin. Jason Pigott, president and CEO, said Aug. 7, “In addition to achieving record quarterly production, we are organically adding low-breakeven […] The post Vital Energy upgrades portfolio with 119 long-lateral horseshoe locations appeared first on Permian Basin Oil and Gas Magazine ..read more

Matterhorn natural gas pipeline has started moving small amounts of gas from Permian Basin to the Gulf Coast, according to industry executives at a conference in New York City this week. “The Matterhorn is online and moving little bits of gas,” officials at Permian Resources told Reuters. The pipeline should be “moving a real amount […] The post Matterhorn begins moving natural gas from Permian Basin to Gulf Coast appeared first on Permian Basin Oil and Gas Magazine ..read more

Count of active drilling rigs in U.S. declined for the third straight week and fourth time in the last five weeks, according to weekly report of Aug. 30 by Baker Hughes. There were 503 rigs in U.S. (down 2 from 505 previous week, down 48 from 585 year ago). Rig count also declined in Permian […] The post U.S. rig count declines for third straight week, Permian down to 305 appeared first on Permian Basin Oil and Gas Magazine ..read more

Dallas-based Rising Phoenix Royalties said last week it closed on a deal for mineral interest property in Dawson County. The acquisition for 230 net royalty acres is operated by SM Energy Co. Jace Graham, CEO, said Aug. 29, “This acquisition underscores Rising Phoenix Royalties’ dedication to diversifying our mineral portfolio and capturing more upside potential. […] The post Rising Phoenix Royalties acquires mineral interests in Dawson County appeared first on Permian Basin Oil and Gas Magazine ..read more