Denver-based Jonah Energy and its partner Burk Royalty recently announced the closing of their acquisition of High Plains Natural Resources.  The acquired assets are in northwestern shelf of Permian Basin in west Texas and southeast New Mexico primarily from San Andres formation.  The assets include about 62,000 net acres and 250 operated horizontal wells in […]

It’s been 24 weeks since Permian Basin reported an increase in its count of active drilling rigs.  Baker Hughes said in its weekly report of Aug. 8 that there were 256 rigs in Permian Basin – a decline of 3 from last week and a decline of 48 or 16 percent since 304 a year […]

Brentwood, Tenn.-based Delek Logistics Partners said last week it completed construction of its new Libby 2 natural gas processing plant and other crude oil and water gathering projects.  Delek said Aug. 6 the Libby 2 plant provides “a much-needed processing capacity expansion to our producer customers in Lea County, N.M.” Avigal Soreq, president, said, “We […]

For the second straight quarter, Oklahoma City-based Devon Energy said it will reduce capital spending by $100 million.  Second quarter production was 387,000 b/d of oil and 841,000 boed of total production while averaging 21 rigs and 6 completion crews.  Oil output was up 15 percent from last year’s spring quarter, and oil-equivalent production was […]

Findlay, Ohio-based MPLX said recently it will acquire Northwind Delaware Holdings for $2.375 billion.  Northwind provides sour gas gathering, treating and processing services in Lea County, N.M.  The portfolio includes 200,000 dedicated acres, 200 miles of gathering pipelines, two in-service acid gas injection wells, and a third permitted well that brings total capacity to 37 […]

Dallas-based Producers Midstream recently announced agreements with leading Permian Basin operators to expand its gathering, treating and processing infrastructure in Lea County, N.M.  This Phase II expansion of the company’s Delaware Basin system will increase processing capacity by 50 percent to 90 million cfd and introduce a state-of-the-art acid gas injection well.  This expansion – […]

Denver-based Ovintiv said recently its 2Q production was above guidance on every product with average volumes of 615,000 boed, including 211,000 b/d of oil and condensate.  In its announcement of financial and operating results July 24, Ovintiv also raised full year production guidance to 600,000 boed to 620,000 boed, including oil and condensate of 205,000 […]

Dallas-based Energy Transfer said Wednesday it will expand its Transwestern pipeline to increase the supply of natural gas to markets in New Mexico and Arizona from its asset base in Permian Basin.  Transwestern’s Desert Southwest pipeline expansion “will provide reliable economic supplies of natural gas to support the long-term energy needs for utilities and energy […]

Houston-based Enterprise Products Partners said Wednesday it agreed to acquire a natural gas gathering affiliate of Occidental Petroleum for $580 million.  Enterprise will provide Occidental with natural gas gathering and processing services with a long-term dedication of about 73,000 acres in four counties in Midland Basin.  Assets include about 200 miles of natural gas gathering […]

Midland’s Diamondback Energy this week trimmed another $100 million from its 2025 capital spending plan while raising 2025 total production by about 2 percent to a range of 890,000 boed to 910,000 boed.  Diamondback said 2Q production was 495,700 b/d of oil (919,000 boed) from Delaware and Midland basins.  It completed 116 gross wells (109 […]