Houston-based APA Corp. said this week its subsidiary Apache Corp. has ended routine flaring in U.S. onshore operations to achieve one of its ESG goals for 2021 three months early.  Apache midstream company Altus Midstream invested $850 million in two new natural gas pipelines, and Apache made firm transportation commitments for both pipelines to help […]

U.S. Bureau of Ocean Energy Management said Sept. 30 it will hold a lease sale Nov. 17 for oil and gas exploration in Gulf of Mexico.  It will include 15,135 blocks from 3 to 231 miles offshore in water depths from 9 to 11,115 feet.  Royalty rates will be 12.5 percent for leases in less […]

Commissioner Wayne Christian last month was elected chairman of the Railroad Commission of Texas to succeed Midland’s Christi Craddick.  “It is my privilege to serve as chairman at a point when our nation’s energy security is under threat by those in the media, the education system and, most of all, the federal government,” Christian said […]

Permian Basin added rigs for the eighth straight week (and 12 of the last 14 weeks) as of Oct. 1, according to Baker Hughes.  There were 263 rigs in Permian Basin (260 last week, 129 last year), 243 rigs in Texas (242 last week, 113 last year), 86 rigs in New Mexico (84 last week, […]

Vancouver-based Permex Petroleum Corp. said Sept. 13 it reached non-binding agreement with a third-party independent seller to purchase oil and gas assets in Permian Basin in an all-stock transaction valued at $2 million.  Permex will acquire 100 percent working interest in assets of 7,870 gross acres in Martin County (98 percent considered held by production).  […]

Houston-based Coterra Energy is the new company formed by closing of the $17 billion merger of Cabot Oil & Gas Corp. and Cimarex Energy Co.  Coterra will operate in more than 700,000 acres in Permian, Anadarko and Marcellus basins that produced 605,000 boed in 2021Q2.  The assets include Cimarex’s 560,000 net acres in Delaware Basin […]

The Woodlands-based Earthstone Energy said this week it signed agreements to acquire assets in southeast Midland Basin from Foreland Investments and BCC-Foreland for $73.2 million in stock and cash ($49.2 million).  The assets include about 10,000 net acres in Irion County (67 percent held by production) with September net production of 4,400 boed (26 percent […]