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Author Archives: Ross Torgerson

US oil and natural gas rig count drops by 56 to 1,069

pump jack

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 56 this week to 1,069 amid slumping oil prices. Houston-based Baker Hughes said Friday 825 rigs were seeking oil and 242 exploring for natural gas. Two were listed as miscellaneous. A year ago, 1,803 rigs were ...

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New rule clears way for NM oil producers to reuse water

SANTA FE, N.M. — New Mexico regulators have adopted a rule allowing oil and gas developers to reuse water produced during drilling operations. The state Oil Conservation Commission says the rule will reduce the industry’s use of fresh water by promoting recycling and reuse. The rule includes requirements for the storage of so-called produced water and for the protection of ...

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Drop in price of oil affecting Texas jobs

WICHITA FALLS, Texas – While the price per barrel of oil continues its downward trend, the number of unemployment claims by workers in the oil and gas industry has gone up. Texas Workforce Commission data shows 6,814 oil and gas workers filed unemployment claims from Nov. 1-Feb. 19, while the total number of claims filed in the state was almost ...

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Growing U.S. oil export debate has now spread to geopolitics

Oil Exports

WASHINGTON – Lifting the longstanding ban on U.S. crude oil exports would boost the country’s economy and enhance its global leadership, a former senior Obama administration official will tell senators on Thursday, introducing a strategic dimension to the growing debate over selling American oil abroad. In testimony submitted ahead of a Senate energy committee hearing on U.S. crude export policy, ...

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EnLink finalizes agreement to acquire Coronado Midstream

Coronado Midstream, which owns natural gas gathering and processing facilities in the Permian Basin, has officially been acquired by Dallas-based EnLink Midstream for approximately $600 million, the company said in a press release Monday. The company first announced an initial agreement to acquire Coronoado via press release in early February. EnLink has footprints in the Barnett, Permian, Eagle Ford and ...

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Landgraf files road funding bill

State Representative Brooks Landgraf (R-Odessa) filed a bill recently that would route $50 million a year from the Rainy Day Fund to Texas counties to help offset the impact of oil and gas drilling operations. House Bill 3825 would offer counties more local control in spending state money for infrastructure even if the amount involved is relatively little compared to ...

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Texas city to switch from fossil fuels to solar, wind

GEORGETOWN, Texas — A Central Texas city will be among the first in the U.S. to get its electricity exclusively from solar and wind energy. U.S. solar panel maker and power plant developer SunEdison said Wednesday that it’s building a 160-watt solar farm in West Texas to serve the municipal utility of Georgetown, about 30 miles north of Austin. That’s ...

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U.S. shale oil firms brace for more pain as crude resumes slide

HOUSTON/WILLISTON, N.D – With the prospect of another plunge in crude prices <CLc1><LCOc1> looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. A deeper retrenchment would have far-reaching effects. Additional cutbacks would further gut the already-hemorrhaging oilfield services industry and may heighten expectations for a ...

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