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Midland-based ProPetro Holding said recently it acquired assets and business operations of Artesia, N.M.-based Par Five Energy Services.  Par Five specializes in cementing services in Delaware Basin, and its business complements ProPetro’s existing cementing business in Midland Basin.  Sam Sledge, CEO of ProPetro, said Dec. 4, “The transaction is … highly complementary to our current cementing operations … and will allow us to serve both the Midland and Delaware basins.”

Par Five was established in 2011 and owns and manages 14 cementing spreads servicing leading oil and gas producers in southeast New Mexico.  ProPetro provides completion services to leading upstream oil and gas companies in North America.

The post Midland’s ProPetro acquires Par Five Energy Services to add Delaware Basin appeared first on Permian Basin Oil and Gas Magazine.


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Denver-based BKV Corp. and Dallas-based EnLink Midstream recently announced the initial injection of carbon dioxide waste from EnLink’s natural gas processing plant in Bridgeport at BKV’s Barnett Zero carbon capture and sequestration facility.  EnLink said Nov. 13 it marks “a major step toward reducing CO2 emissions associated with BKV’s natural gas production in north Texas’ Barnett Shale.”  Barnett Zero is “one of the first purpose-drilled Class II commercial carbon sequestration wells injecting CO2 waste from natural gas processing plants in the U.S… BKV and EnLink will be among the first energy companies to have commercial carbon capture and sequestration operations in the nation.”

EnLink will transport natural gas produced by BKV in the Barnett Shale to its natural gas processing plant in Bridgeport, where the CO2 waste stream will be captured and transported to a BKV facility, compressed and sequestered in BKV’s nearby underground injection control well.  Average sequestration rate of up to 210,000 metric tons of CO2 per year is expected.

EnLink said Nov. 13 initial CO2 injection recently commenced safely and ahead of schedule.

The project was approved by Railroad Commission of Texas and U.S. Environmental Protection Agency.  BKV said its second CCS project will be Cotton Cove, also in Texas (to commence by yearend 2024).

The post BKV, EnLink announce initial injection of carbon dioxide waste in Barnett Shale appeared first on Permian Basin Oil and Gas Magazine.


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Martin County has surpassed Midland County as the leading producer of crude oil in Texas, according to the latest data from Railroad Commission of Texas.  The commission said Dec. 11 Martin produced 16,971,500 barrels of crude oil in September 2023 – ahead of the 16,338,863 of Midland.  Nine of the top 10 counties are in Permian Basin, including Upton with 7,689,754 barrels, Howard with 7,061,243 barrels and Karnes in Eagle Ford in south Texas with 6,164,664 barrels for September.

 

The post Martin County passes Midland as leading producer of crude oil in Texas appeared first on Permian Basin Oil and Gas Magazine.


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San Ramon, Calif.-based Chevron said recently it will spend about $5 billion in the Permian Basin in its 2024 upstream capital program.  The corporation announced capital spending of $15.5 billion to $16.5 billion and an affiliate capital expenditure budget of about $3 billion for 2024.  Upstream spending is expected to be about $14 billion – two-thirds in the U.S.

Mike Wirth, chairman and CEO, said Dec. 6, “We’re maintaining capital discipline in both traditional and new energies.”

Downstream spending for Chevron for 2024 is expected to be about $1.5 billion, including 80 percent in U.S.  Included in the budgets is about $2 billion for lower carbon capex to lower the carbon intensity of traditional operations and grow new energy business lines.

The post Chevron to spend $5 billion in Permian Basin in 2024 for upstream capital appeared first on Permian Basin Oil and Gas Magazine.


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Michele Harmon

To change the message of the Permian, we need to start by cleaning our own house. That comes by reviewing one employee at a time. Some should stay, and some should go. Keep the positive, hardworking, and loyal ones. Keep the ones who give more than 80 percent and show up on time but are not rock stars. Then, eliminate the negative 10 percent that is destroying your culture.

Getting rid of the troublesome employees can be difficult but possible. After all, we are about to start a new year, so turn over a new leaf and clear the slate.

How do you find the 10 percent? List every employee they hired by mistake in 2023. Was it because you needed to (but neglected to) check references? Was it because you ignored your inner voice? Were you in too much of a hurry, or did you just use poor judgment?

In hindsight, were any of the 10 percent showing signs that they were a bad selection early on?

If an applicant is rude to anyone in your office, think twice. They may have anger issues.

If the applicant projects an image of over-competence, think twice—especially if you can close your eyes and imagine a puffed-up chest.

If the applicant dresses like they are going out for the evening, well, be careful is all I can say on that one.

If the applicant blames everyone else for the loss of a job or shows a history of too-frequent job changes, think twice. You may be staring down the barrel of a narcissist. Narcissism, by diagnosis, is not curable. They are people who have learned that blaming others for their circumstances works well.

My favorite lousy employees, like the narcissist, are those I categorize as having the, thou dost protest too much syndrome. These are the ones who say they can take on the difficult task of fixing a problem, maybe a problem that has been swept under the carpet for years, and then, as soon as they get the job, start complaining, demanding, and blaming management for their lack of success. These guys need more employees, more stuff, more, more, more. To begin with, they could not do the job, and you hired the wrong guy. Add in social media, and you have a bigger problem

My “favorite” employees may also expect you to attend to their concerns first instead of attempting to see where their needs fit into the organization. Then comes their reactions when management does not attend to their demands on their timelines. They then commence to throw management under the proverbial bus. Again, enter social media.

Give these employees a lightning rod issue, and Shazam, they have power. How many accidents have happened, that might have been avoided if an issue had been dealt with sooner than later? Now, you get the lighting rod theory. Oxford defines a lightning rod as a person or thing that attracts much criticism, especially when that criticism diverts attention from more serious issues or allows a more important public figure or themselves to appear blameless.

The bigger picture goes beyond the single employee and reflects all of us in the Permian. We have had an abundance of criticism of public figures to the point that I am worn out. We have picked on people willing to give their time and talents for little or no compensation. We have protested too much, and we have thrown others under the bus to the point of exhaustion. The article from Bloomberg that says those of us in the Permian do not want to invest in our area has some valid points. However, I suggest that we all work on our behavior. Start 2024 accepting our part in mistakes.

How can we expect our employees to behave better and work as a team if they read all the blatant half-truths and lies on social media? I call social media outlets, like the one I swore off recently, a place for the negative 10 percent that have nothing better to do than disrupt society.

As leaders, how do you counteract social media, and the thou-dost-protest-too-much employees? It would be best if you had better communication. Degrees in communication in the last century meant the student aspired to radio, TV, or publicity. Now, you need an army of folks to tell your authentic story. Sharing the actual truth with your employees is invaluable. I cannot help but think of the statement, The truth shall set you free, in the Book of John. There have been so many interpretations, but I hope the verse meant that the truth opens our eyes to a greater understanding of the truth.

I am calling on leadership in the Permian to start 2024 with the cup-half-full-not-half-empty theory. Most of you have those half-full cups, but in 2024, if we can turn one half-empty around, 2024 will be a better place for our community.

“Your employees are the heart of your organization.” Dr. Michele Harmon is a Human Resource professional, supporting clients in Texas and New Mexico that range in size from five to more than 3,000 employees. Email: [email protected]

The post Calling on Leadership: Time for a Change in 2024 appeared first on Permian Basin Oil and Gas Magazine.


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