Monday, August 31, 2026

The Oil Company that Slipped Into the Permian “Under The Cover of Darkness”

From the Journal of Petroleum Technology WPX Energy’s decision to reconfigure its portfolio and buy into the Permian during the downturn was a bold one not viewed favorably by its shareholders at the time. Now, with its operator peers bidding almost $100,000/acre for nearby land, the company can confidently say it was a pacesetter. “We had the sheer opportunity under

Rule Change Would Double Well Density in San Juan Basin for Hilcorp

From the Associated Press/US News ALBUQUERQUE, N.M. (AP) — A Houston-based oil and gas company wants New Mexico regulators to ease restrictions on well locations in two counties within one of the oldest producing basins in the U.S., saying the change will result in the capture of more natural gas. The request involving San Juan and Rio Arriba counties comes as