Officials from Railroad Commission of Texas have been in west Texas this week after Monday’s 5.1-magnitude earthquake centered 28 miles north of Midland.  It was one of at least 50 quakes in Martin and surrounding counties in the last week.  The commission told Lubbock Avalanche Journal, “The RRC has been in contact with operators and […]

When regional growth in natural gas production outpaces pipeline takeaway capacity, capacity constraints exert downward pressure on spot natural gas prices at the Waha hub near Permian Basin production.  U.S. Energy Information Administration said Sept. 10 that prices at Waha have been below zero for 46 percent of trading days in 2024, including every day […]

Dallas-based Dorchester Minerals said this week it agreed to purchase interests in Permian Basin for about $215 million.  About 65 percent of the acreage is in Delaware Basin and 35 percent in Midland Basin.  The agreements are for mineral, royalty and overriding royalty interests in Delaware and Midland basins.  Dorchester’s announcement Sept. 16 – with […]

EnLink Midstream, a stakeholder in Matterhorn Express pipeline, said the natural gas pipeline is expected to begin service this month to increase takeaway capacity in the Permian Basin.  Pipeline capacity is 2.5 billion cubic feet per day from Permian Basin to Katy.  Matterhorn is a joint venture of EnLink, Whitewater, Devon Energy and MPLX. U.S. […]

DeLa Express, subsidiary of Moss Lake Partners, awarded a contract for front-end engineering design to British engineering firm Wood for its proposed pipeline to move liquids-rich natural gas from Winkler County in west Texas to a gas plant in Calcasieu Parish, La.  The pipeline is being designed to transport 2 billion cfd of natural gas […]

Commissioners from the Public Utility Commission of Texas recently selected 17 companies from among 72 applicants to consider for low-interest loans for natural gas power plants in Texas.  They include four in Permian Basin.  Commissioners selected proposals capable of generating enough electricity (9,781 megawatts) to power about 2.4 million homes for three-percent loans from Texas […]

Oklahoma and Louisiana contributed 3 additional rigs each to a gain of 8 drilling rigs in U.S. last week.   Baker Hughes said as of Sept. 13 there were 590 oil and natural gas rigs in U.S. (up 8 from 582 previous week, down 51 from 641 year ago).  Also, there were 306 rigs in Permian […]

Viper Energy, subsidiary of Midland-based Diamondback Energy, and operating subsidiary Viper Energy Partners said last week they are acquiring mineral- and royalty interest-owning subsidiaries of Tumbleweed Royalty IV for $461 million and 10.1 million units of Viper Energy Partners.  Closing is expected in 4Q. Viper also said it earlier closed two transactions of certain mineral- […]