Minneapolis-based Northern Oil and Gas said Jan. 7 its 11 transactions in 2020Q4 included 4 in Permian Basin that accounted for 1.1 net wells in process, 219 net acres and 0.6 net undrilled locations. Northern invests in non-operated minority working and mineral interests in oil and gas properties in Permian and Williston. Northern’s $8.4 million […]
Here Comes 2021
We have turned the page on 2020 and I think we are all looking forward to whatever 2021 might offer in comparison to the year gone by. For PBPA right off the bat, 2021 offers legislative sessions in both Texas and New Mexico, along with a new administration in Washington, D.C. New Mexico will convene […]
Biden picks New Mexico Rep. Deb Haaland as interior secretary
U.S. Rep. Debra Haaland (D-NM) is president-elect Joe Biden’s nominee for secretary of the U.S. Department of the Interior, which oversees land management, ocean energy management, wildlife management and science, and geological sciences. Haaland, 60, is a graduate of Highland High School in Albuquerque and University of New Mexico and a former chair of the […]
Yergin: Global oil demand will take at least another year to recover
IHS Markit vice chairman Daniel Yergin said recently that global oil demand likely will take at least another year to return to pre-pandemic levels. Shale production will remain relatively unchanged at about 11 million b/d until late 2021 before it starts rising, IHS Markit said, and it will increase at a much more moderate pace. […]
U.S. adds 90 rigs in fourth quarter, best since second quarter of 2017
Texas and Oklahoma were the only major producing states that added oil and gas drilling rigs in the final week of 2020. Baker Hughes said as of Dec. 31 there were 175 rigs in Permian Basin (173 previous week), 161 rigs in Texas (159 previous week), 65 rigs in New Mexico (unchanged) and 351 rigs […]
New Mexico commission conducts hearing on flaring
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 […]
- « Previous Page
- 1
- …
- 225
- 226
- 227
- 228
- 229
- …
- 369
- Next Page »