SunZia, the largest wind farm in the U.S., started commercial operations this month in New Mexico.  The project is in the counties of Lincoln, San Miguel and Torrance.  It is comprised of 916 wind turbines with a total net summer generating capacity of 3,650 megawatts.  Most of the electricity generated will be exported with high-voltage […]

Energy Workforce and Technology Council reported last week the third consecutive month of employment growth in the energy industry.  The council said there were 633,115 energy services jobs in May, according to preliminary data from Bureau of Labor Statistics.  That’s up from 627,941 in April and 627,018 in March after low counts of 625,057 in […]

Post Oak Energy Capital said last week Midland’s Midway Energy Partners completed a sale of Permian Basin assets to multiple operators.  Midway is an upstream platform focused on the acquisition and development of operated positions across the Permian Basin with an emphasis in the Midland Basin. Ryan Walsh, managing director of Post Oak, said June […]

U.S. Department of the Interior and its Fish and Wildlife Service recently revoked the endangered species listing of the dunes sagebrush lizard in an effort to resolve litigation pursued by the State of Texas.  The Trump administration asked a federal judge in Midland overseeing the suit to approve a settlement that would require the Fish […]

Permian Basin’s streak of five straight weeks of rising counts of active drilling rigs ended, but Texas’ streak continued for its eighth straight week.  In its weekly report of June 12, Baker Hughes said there 256 rigs in Permian (down 1 in past week, down 17 or 6.23 percent in past year) and 261 rigs […]

Tulsa-based Alliance Resource Partners said last week it is acquiring general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2 million.  AllDale Minerals III and AllDale Minerals IV hold about 48,500 net royalty acres in multiple basins and resource plays, including Permian Basin.  Alliance’s announcement said the transaction implies […]

U.S. Energy Information Administration said this week it expects the Brent crude oil spot price to average $95 per barrel this year and $79 per barrel in 2027 after $69 per barrel in 2025.  And the natural gas price at Henry Hub is forecast at $3.60 this year and $3.46 in 2027 after $3.53 in […]

Houston-based Delfin Midstream said last week it secured $5 billion in financing to proceed with a long-delayed project to build the nation’s first liquified natural gas floating export terminal.  Delfin Midstream aims to build the largest LNG floating facility in the world.  It will be connected to an undersea pipeline Delfin is repurposing to bring […]