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Drilling permits surge, but not all shale wells completed

Posted by ryanhandy Date: April 13, 2017
Monday, April 17, 2017

Texas issued more than 1,300 drilling permits in March, twice as many as the same month in 2015. Rigs are rising and companies are rushing back to the shale patch, and to the Permian Basin in particular. But at the same time, well completions were lower than they were last year. The result will be a rise in production but also an increase in the number of drilled but uncompleted wells (DUCs), which will leave a level of production sitting on the sidelines.


Texas oil and gas drilling climbs in March, but well completions slip

COMMODITIES | Mon Apr 10, 2017 | 8:31pm EDT
Tuesday, April 11, 2017

Texas shale producers applied for more than 1,300 oil and gas drilling permits last month with the majority awarded in the Permian basin, the most active U.S. oil patch, according to the state's energy regulator.

Despite a near tripling of new well permits, to 1,310 wells compared with 511 during the same month last year, the Texas Railroad Commission data also showed a decline in the number of well completions, the final step before production can begin.

"This is a clear indication that drilling activity will increase at a steady pace compared to last year," said Ed Longanecke . . .


Smart Vehicles On the Move at SXSW 2017

Jason Traff March 17, 2017
Wednesday, March 22, 2017

For the past 30 years, South By Southwest (SXSW) has attracted people from all over the world to Austin, Texas, to meet, learn and share ideas, and since 1994, SXSW Interactive has focused on cutting-edge technologies and their potential to change and improve the world.

At the 2017 SXSW Conference, one of the main themes was how technology is going to reshape the future of transportation and mobility. In particular, there were three key areas that were brought up multiple times.

To read more follow the URL lilnk.


ExxonMobil Plans $20 Billion in Manufacturing Investments in Gulf Region

Steve Minter | IndustryWeek March 6, 2017
Tuesday, March 7, 2017

ExxonMobil will invest $20 billion at 11 new and existing sites in the next 10 years to expand its manufacturing and export capacity along the Gulf of Mexico, the company announced March 6.

The expansion program, which ExxonMobil is calling “Growing the Gulf,” will involve chemical, refining, lubricant and liquefied natural gas projects at facilities along the Texas and Louisiana coasts. Investments began in 2013, ExxonMobil said, and are expected to continue through at least 2022.

“The United States is a leading producer of oil and natural gas, which is incentivizing U.S. manu . . .


Energy Transfer to expand in Mont Belvieu with $385 million project

Posted by Jordan Blum Date: February 23, 2017
Monday, February 27, 2017

Energy Transfer to expand in Mont Belvieu with $385 million project Posted by Jordan Blum Date: February 23, 2017 Dallas-based Energy Transfer Partners said it plans to expand its Lone Star campus east of Houston in Mont Belvieu with the addition of a $385 million fractionator and storage system.

Energy Transfer said it’s responding to the increasing production levels coming from the Permian Basin that’s flowing into Houston. Energy Transfer’s planned fractionator would take streams of natural gas liquids that are collected during oil production, and then separate the liquids into in . . .


U.S. drillers add oil rigs for sixth week in a row: Baker Hughes

Reuters COMMODITIES | Fri Feb 24, 2017 | 1:06pm EST
Monday, February 27, 2017

U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.

Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc said on Friday.

During the same week a year ago, there were 400 active oil rigs.

Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 286 oil rigs in 35 of the p . . .


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