Here is this week’s industry news & analysis…
Water Wednesday: B3 Insight Updates Permian SRA and OLRP Summary
In light of updated Texas Railroad Commission guidance on monitoring and reporting for saltwater disposal wells, including installation of bottom hole pressure gauges on new wells, we have updated our Permian Basin Seismic Response Area and Operator-Led Response Plan Summary.
Does Oil and Gas Production Consume Too Much Water?
With water use growing, arid Western states are asking for new regulations.
Notice To Pipeline Operators: New Construction Reports Online Filing Mandatory September 1
Effective September 1, 2023, the Railroad Commission of Texas (RRC) will no longer accept hard copy filings of Form PS-48, New Construction Report, by mail.
Cenovus fined after wastewater release from former Husky-owned pipeline
Cenovus Energy is facing a fine over a release of wastewater into a wetland. In 2020, a pipeline then belonging to Husky Oil released about 206 cubic metres of produced water through a break in the line and into the surrounding wetland.
Texas Drilling Permit and Completion Statistics for May 2023
The Railroad Commission of Texas issued a total of 805 original drilling permits in May 2023. The total includes 702 to drill new oil or gas wells, 11 to re-enter plugged wellbores and 85 for re-completions of existing wellbores.
New Mexico imposes oil and gas moratorium on state land near schools
New Mexico Land Commissioner Stephanie Garcia Richard issued an executive order that includes a ban on all new oil and gas leases on state trust land within a mile (1.6 kilometers) of schools or other educational institutions, including day care centers, preschools and sports facilities that students use.
Interior secretary bans new oil and gas drilling, fracking surrounding Chaco Canyon
Interior Secretary Deb Haaland withdrew more than 336,400 acres of public land in a 10-mile radius around Chaco Culture National Historical Park from new oil and gas leasing and mining claims for 20 years starting Friday. The move was hailed by environmentalists and tribal activists as a step toward protecting the fragile site from the effects of fracking and resource extraction while also calling for greater protections than a temporary halt to new leases.
The Biggest Little Producer in the Permian
Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin.
Oil prices rise after Saudi Arabia pledges more voluntary production cuts
The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.
ExxonMobil Plans To Double US Shale Output In 5 Years
The company expects some promising new technologies to significantly improve recovery volumes. XOM seeks to double recoveries and find technologies that can unlock that. Currently, ExxonMobil recovers about 10% of shale resources from its operations.
Produced Water Producing Results
After years of skepticism surrounding the reuse of produced water, experts say it’s a new day and age for the water midstream sector.
Spill that dumped 400,000 gallons of oil near Midland blamed on a Dallas company's operator error
Operator errors led to 402,486 gallons of crude oil gushing out of an EnLink Midstream pipeline south of Midland in late March, the company told federal regulators. It was the largest spill in the Permian Basin since 2010 and the fourth-largest spill on land in Texas in that period.