New Mexico Archives - Page 3 of 5

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 SCM Crude LLC to solicit binding commitments for interstate gathering and transportation SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority crude oil interstate gathering and transportation services as part of an open season for its Delaware Basin midstream infrastructure. The

Concho Resources and Solaris Water Form JV in the Delaware Basin

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Concho Resources and Solaris Water Midstream team up for produced water management in the northern Delaware Basin Concho Resources (stock ticker: CXO), a Permian-focused unconventional shale producer, has formed a strategic joint venture (JV) with Solaris Water Midstream, a wholly-owned subsidiary of Solaris Midstream Holdings LLC. The partnership between the two

Kimmeridge Energy Joins Forces with Desert Royalty

July 18, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Newly-formed Desert Peak Minerals to be largest pure-play mineral royalty company in Delaware Basin Kimmeridge Energy Management Company, a private equity firm focused on acquiring unconventional oil and gas assets, has entered into a definitive agreement with Desert Royalty Company to combine the two companies’ assets to form Desert Peak Minerals.

The Shale Boom in the Permian Is Slowing Down - 360

The Permian Oil Boom Is Showing Signs of Overheating

July 17, 2019

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower 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 the forecourt of an abandoned truck stop. The song Free Bird by Lynyrd Skynyrd blares from the radio. “I’m making

Longhorn Launches Open Season for its Touchdown Crude Gathering System

July 15, 2019

Longhorn Midstream Launches Open Season for the Touchdown Crude Oil Gathering System in the Northern Delaware Basin

Historic Agreement Could Finally Open Up Overseas Markets for Western States’ Natural Gas

June 4, 2019

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. The potential to get cleaner liquefied natural gas to overseas markets could be a financial boon to struggling rural counties

U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico. wo 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 in January behind North Dakota’s McKenzie County - Oil & Gas 360

Two New Mexico Counties Among Nation’s Top Oil Producers

May 20, 2019

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 in January behind North Dakota’s McKenzie County, The Hobbs News-Sun reported. Lea County produced 14.6 million barrels of oil in January while McKenzie

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

May 16, 2019

CEOs rank Texas at the top, California at the bottom 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 its findings, the magazine quoted a consultant as saying: ” ‘the Chief Executive ranking … reflects what decision-makers are saying. And it’s what

New Mexico Captures Lion’s Share of Oil, Gas Revenue

January 31, 2019

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. “New Mexico obtains the greatest percentage of total oil and gas production value directly contributing to government revenue when compared to eight other

DJR Energy Closes Deal with Encana

December 28, 2018

Makes DJR the largest acreage holder in San Juan Basin core oil window Yesterday, privately held Denver-based DJR Energy closed on its acquisition of Encana Corporation’s (stock ticker: ECA) non-core San Juan Basin assets in northern New Mexico. Source: DJR Energy The asset includes: Approximately 182,000 net acres, representing Encana’s total land position in the play. Average production of

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

November 2, 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today. Highlights from the Q3 Results include: Raised 2018 Capex Guidance Range to $5.8-$6.0 billion. Third quarter 2018 net income of $1.2 billion, or $2.05 per share. Q3 operating revenues/other of $4.8 billion. To read the complete earnings release, please refer to this link. Heard on the call Chairman

U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

November 1, 2018

The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world. The U.S. set a new record for daily oil production at 11.3 MMBOPD in August 2018, according to new data from the EIA. Thanks largely to U.S. shale, the fast-growing production from

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