U.S. Department of Interior Friday blocked new oil and gas leasing on federal lands within 10 miles of Chaco Culture National Historical Park in New Mexico for 20 years, according to a report in New York Times. Also, New Mexico Land Commissioner Stephanie Garcia Richard Thursday issued an executive order to ban all new oil […]

Prairie Energy Partners, subsidiary of El Campo-based Southern Rock Energy Partners, said last week it plans to build its $5.5 billion next-generation, full-conversion crude oil refinery in Cushing, Okla., rather than Victoria County, Texas.  The refinery will produce about 91.24 million barrels or 3.83 billion gallons of cleaner transportation fuels each year, including gasoline, diesel […]

Fort Worth-based Brazos Midstream said it is constructing Sundance, a new 200 million cfd natural gas processing plant in Martin County, as part of its plan to duplicate in Midland Basin its success in Delaware Basin since its founding in 2014.  William Butler, CFO, told Midland Reporter Telegram last month, “We’re building the backbone over […]

Washington, D.C.-based American Petroleum Institute said this week that U.S. petroleum demand – as measured by total domestic petroleum deliveries – increased by only 17,000 barrels per day in April compared to March (to 19.8 million b/d).  But compared to April 2022, U.S. petroleum demand fell 0.8 percent – the fifth straight month of year-to-year […]

Dallas-based Granite Ridge Resources said recently it grew production in first quarter by 46 percent over 2022Q1, and it increased fullyear production forecast for 2023 to a midpoint of 22,000 boed.  Production in Q1 was 23,167 boed (46 percent oil), including 10,722 b/d oil.  Capital expenditures in Q1 were $126.2 million with fullyear capex expected […]

A new Midland-based exploration and production company has started with a $500 million line of equity financing from an unidentified institutional investor to pursue opportunities in Permian Basin.  Garrison Energy Holdings will consider deals in Delaware and Midland basins, central basin platform and northwest shelf. Caleb Weatherl is CEO, and his father Steve is executive […]

U.S. count of active drilling rigs fell for the fourth consecutive week, but the counts in Permian Basin and Texas reversed their three-week declines by adding rigs last week.  Baker Hughes said as of May 26 there were 711 rigs in U.S., down 9 in the past week from 720 and down 44 in the […]

New Mexico field office of Bureau of Land Management conducted a lease sale last week on 45 parcels of land in Chaves, Eddy and Lea counties in New Mexico and Cheyenne County in Kansas on public lands managed by BLM field offices for Carlsbad, Roswell and Oklahoma.  BLM said 37 parcels totaling 8,596.25 acres sold […]

Houston-based Western Midstream Partners said last week it will construct a new cryogenic natural gas processing plant in Loving County in its west Texas gathering, processing and treating complex in Delaware Basin.  The proposed plant, expected to be in service by yearend 2024, will have processing capacity of 250 million cfd. Western Midstream said expansion […]

Fort Worth-based Next Bridge Hydrocarbons said last week is now owns 100 percent of working interest in the Orogrande project in Hudspeth County in west Texas on about 134,000 contiguous acres.  Next Bridge closed a previously announced merger agreement with two companies (22.62 percent working interest), Wolfbone Investments and McCabe Petroleum, owned by its largest […]