New Mexico’s oil conservation commission began two weeks of public testimony Monday in an online hearing on proposed rules for managing venting and flaring. Upon taking office in January 2019, Gov. Michelle Lujan Grisham said her administration would adopt some of the nation’s toughest rules for curtailing methane and other emissions. EnergyWire from E&E News […]
Permian Highway natural gas pipeline begins full service Jan. 1
Houston-based Kinder Morgan said this week its $2 billion Permian Highway natural gas pipeline from Permian Basin to Katy entered full service Jan. 1. Gas has been flowing for weeks during the commissioning process. Energy traders told Reuters those flows boosted prices recently at Waha hub in west Texas. Kinder Morgan said Monday that Permian […]
It Takes a Special Type of People
This January will bring the Permian Basin Petroleum Association and its members one of our biggest challenges in our 60-year history. In both Texas and New Mexico, we will begin legislative sessions where preparations are still ongoing as to how members of each Legislature, their staffs, and the public will be able to engage with […]
That Infernal Year
As you’re reading this, you have 2020 behind you. As I write this, there are still about six weeks of waiting for the year to come to a grinding halt. The year began with some “known unknowns.” Presidential election years are always uncertain, and this time we were sitting in front of a clear choice, […]
Fitch Says O&G Sector Outlook is Improving
Gradual improvements in the global oil and gas (O&G) sector’s performance next year will be driven by higher average prices, even though demand is unlikely to fully recover in 2021, Fitch Ratings says. A quicker-than-expected energy transition could disrupt the sector. Most major oil companies are targeting steady emissions reduction and decarbonization. Fitch expects a […]
WoodMac Introduces New Analytics Tool
Wood Mackenzie, an international research-and-consultancy in natural resources, has launched a new program, called Lens Upstream Optimization, that is designed to transform how E&P companies, banks, and institutional investors conduct their upstream M&A deal ideation and analysis, as well as portfolio high-grading. As John Dunn, head of the company’s Upstream Product Management service, said, “This […]
New Service Reduces Water Management Costs
Frac’ing a well in the Permian Basin can require up to 42 million gallons of water. Getting so much water from identified sources to a well often involves synchronized operation of multiple large diesel pumps spread out over the entire length of the transfer line. The pumps must be started and brought up to operating […]
Pressing for Accountability Within the E&P Sector
Kimmeridge Energy Management Company, LLC, a private equity firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, has published a white paper entitled, “Bringing Alignment and Accountability to the E&P Sector.” Kimmeridge Energy maintains that the U.S. E&P sector is broken and a root cause is the lack of alignment between […]
Shale Operators Finding New Growth Opportunities
Following the early disruption caused by the crude price crash, the U.S. shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, various companies have executed a series of M&As in the industry. Consequently, U.S. shale drillers have developed a renewed optimism and potentially may sense some […]
Setbacks to O&G in 2020 Include Midstream Impacts
Around three quarters of North American midstream projects that have been impacted of late are in the United States, according to a Dec. 1 report from GlobalData. As a consequence, several oil and gas companies with midstream operations have had to revisit their business strategies and capex plans amid dwindling revenues. With LNG buyers’ preference […]
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