Officials who testified at a legislative finance committee hearing this week said New Mexico is the first state to reach pre-pandemic level in crude oil production. Economist Dawn Iglesias said Wednesday in Ruidoso that in March 2021 New Mexico produced 36.5 million barrels of oil and 188 trillion cubic feet of natural gas – record […]

Houston-based Select Energy Services, provider of water management and chemical solutions to the unconventional oil and gas industry, said June 16 it was awarded contracts for construction of three produced-water recycling facilities in Permian Basin (two in Midland Basin, one in Delaware Basin) that will decrease freshwater usage and waste disposal. The announcement said, “These […]

Minneapolis-based Northern Oil & Gas said June 16 it is growing its Permian Basin position with three deals for 2,900 net acres with two-stream net production of 2,200 boed (66 percent oil) in Delaware Basin for $102.2 million. Located in Reeves County in Texas and Eddy and Lea counties in New Mexico, the assets are […]

Respect Big Bend Coalition last month released two reports on its two years of community engagement and analysis on energy development in the region. The coalition seeks to balance future energy development – oil and gas and renewables – with conservation planning and community input and leadership. The 14-member group includes landowners and community leaders […]

Judge Terry Doughty of the U.S. District Court for the western district of Louisiana this week blocked the Biden administration’s pause on oil and gas leasing on public lands and waters. Tuesday’s order granted a preliminary injunction to Texas, Louisiana, Oklahoma and 10 other states – all with Republican attorneys general – that sued President […]

Corpus Christi-based Sabalo Energy recently brought online a multi-well, co-development project in Howard County that Enverus said was among the top third of completions in the county. The six wells on Vince Everett 13-12 pad target lower Spraberry and Wolfcamp A with laterals averaging 10,247 feet and initial 24-hour rates averaging 1,559 boed (91 percent […]

Occidental Petroleum said June 10 it agreed to sell what it considers non-strategic acreage in southern Delaware Basin in Reeves and Ward counties to an affiliate of Colgate Energy Partners for $508 million. Proceeds from the sale will be used for debt reduction. Vicki Hollub, Oxy president and CEO, said, “This transaction brings our post-Columbia […]

Midland-based Blackbeard Operating reportedly agreed May 21 to deal certain of its upstream assets in Barnett Shale to Birmingham, Ala.-based Diversified Energy for gross purchase price of $180 million. Diversified said May 28 that “the Blackbeard acquisition represents an attractive entry point into the Barnett Shale and an extension of the company’s presence in its […]