News

Companies offer super-cool solution to flaring gas in the Permian

Jim Magill, Houston Chronicle | August 13, 2020

Permian Basin oil producers, under increasing pressure to reduce the amount of natural gas that they burn during drilling operations, may have found a solution to convert waste gas into a super-cool product.

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Chevron donates PPE across Permian Basin

Jessica Onsurez, Carlsbad Current-Argus | August 6, 2020

Chevron donated personal protective equipment (PPE) worth approximately $19,000 for healthcare workers in Permian Basin communities experiencing the COVID-19 pandemic.

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Permian gas output to rebound in 2020: Rystad Energy

Kallanish Energy Editors, Kallanish Energy | July 30, 2020

Gas output from the Permian Basin of West Texas and New Mexico is forecast to surge in the second half of 2020 according to a new analysis, Kallanish Energy reports.

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Solaris Water Midstream Expands Water Infrastructure Joint Venture with Concho Resources

Solaris Press Release, Valdosta Daily Times | July 29, 2020

Solaris Water Midstream, LLC ( “Solaris Water”) announced today the company has expanded its existing joint venture with Concho Resources Inc. (NYSE: CXO) (“Concho”).

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The Permian Could See Record Natural Gas Production In 2021

Nick Cunningham, Oilprice.com | July 28, 2020

The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of 2021. By 2023, the rate of gas flaring could increase substantially.

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U.S. fracturing set for first monthly rise this year

OGJ Editors, Oil and Gas Journal | July 23rd, 2020

The COVID-19 downturn caused a shocking decline in new fracturing operations in the US, with monthly numbers plunging to a bottom of 325 wells in June. New operations are now set to rise to above 400 wells in July, and recovery will be especially evident in the Permian basin, where activity has nearly tripled, according to Rystad Energy analysis.

 

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