Source: Reuters
CARLSBAD, New Mexico (Reuters) – In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way to thousands of …
From Bloomberg
Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …
The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.
U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …
From Reuters
In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.
School officials had expected …
From Reuters
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
The United States imposed tariffs on imported …
From Reuters
U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …
At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …
Longhorn Midstream Launches Open Season for the Touchdown Crude Oil Gathering System in the Northern Delaware Basin
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From the Deseret News
SALT LAKE CITY — Signers inked a historic agreement Thursday at the Governor’s Energy Summit, potentially opening up natural gas markets for Western states and the Ute Indian Tribe by looping in the Wyoming Pipeline Authority.…
From THE ASSOCIATED PRESS
HOBBS, N.M.—Two New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.
Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county …
Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.
In the executive summary of …
From the Ruidoso News
New Mexico captures a greater share in oil and gas revenue than eight other western oil and gas-producing states in a comparative analysis compiled by the New Mexico Tax Research Institute and Moss Adams released Thursday.…
EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today.
Highlights from the Q3 Results include:
NGL Energy Partners LP (ticker: NGL) has purchased another Permian Basin ranch, adding 9.6 million barrels of annual fresh water rights to its Permian Basin water portfolio.
NGL said it bought the 36,000-acre …
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 …
From Albuquerque Journal
The oil and gas boom in southeastern New Mexico and West Texas is pushing electricity demand on Xcel Energy’s grid to all-time records.
The regional transmission network delivered 6.15 gigawatts of electricity to customers on July 19, …
From the Daily …
Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750.
The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 …
Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 …
Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end …
From the Albuquerque Journal
Battle Axe Road cuts smack through the heart of New Mexico’s side of the Delaware Basin, a previously marginal zone along …
