New Mexico Archives - Page 2 of 5

First New Mexico-focused Permian Basin Operator, Chisholm Energy, enters Certified Responsibly Sourced gas partnership

October 11, 2021

New Mexico Oil and Gas Association Chisholm Energy Holdings, LLC (“Chisholm Energy” or the “Company”) announced a partnership to install real-time air emissions monitoring devices on select production facilities in southeastern New Mexico with the goal to receive independent operational certification from Project Canary. Project Canary to provide independent, real-time emission monitoring services and certification of operations in southeastern New Mexico. Environmental

New Mexico asks Biden administration to resolve drilling policy ‘confusion’

February 11, 2021

Reuters New Mexico officials are asking the Biden administration to resolve confusion in the state’s oil and gas industry over a 60-day pause on allowing state-level staff to issue approvals for new federal lands drilling. In a letter dated Feb. 9 but seen by Reuters on Wednesday, Sarah Cottrell Propst, secretary of New Mexico’s Energy, Minerals and Natural Resources Department,

U.S. raises $3 million in New Mexico oil auction days before pivotal election

October 29, 2020

Reuters The Trump administration on Thursday held an auction for oil and gas leases on more than 7,000 acres in New Mexico, its last before a U.S. election that is expected to determine the future of drilling on public lands. The U.S. Bureau of Land Management raised more than $3 million in bids on 11 land parcels via an online

Drilling ban proposals divide Democrats in U.S. oil states

November 1, 2019

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 oil rigs. The Democrats who control the state’s government have lofty plans for the billions of dollars in projected

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

August 28, 2019

From Bloomberg Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, he’s making his biggest bet yet — Alaska — just as shale producers run out of steam. Hildebrand’s Hilcorp Energy

President and CEO of Panhandle Oil and Gas Resigns

August 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

August 21, 2019

From The Houston Chronicle 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 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

August 21, 2019

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 enrollment to fall after the last oil price crash, starting in 2014, but it kept rising – one sign of

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

August 20, 2019

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 steel and aluminum last year to shield U.S. producers from overseas competition. U.S. energy industry trade groups have warned the

Anvil Capital Partners Provides Funding for Two Companies

August 12, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vermilion Cliffs Partners gets $11 million senior secured loan facility On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior secured loan facility to Vermilion Cliffs Partners. According to Anvil, the funds will be utilized by Vermilion to support the

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

August 12, 2019

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 on Monday. The largest change is expected in the Permian Basin of Texas and New Mexico, where output is seen

Oryx Midstream Lands $550 Million from Qatar Investment Authority

August 7, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in

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