Tag: New Mexico
Permian Basin smashes production record from 1973 by 25 million barrels
Permian production peak will push U.S. to new record liquids production by end of 2018 The prolific Permian Basin, a mature hydrocarbon ‘super basin’ located in west Texas and southeastern New Mexico, reached a new oil-production record of 815 million barrels or more* in 2017—far exceeding its previous peak of 790 million barrels set in […]
BP Mancos Shale gas discovery could be groundbreaking discovery
Mancos Shale second largest to Marcellus field In 2015, BP bought acreage in a little-known area in northern New Mexico where not a single gas well was located. A year later, a report from the US Geological Survey showed the site, known as the Mancos Shale, could be home to the second largest shale play […]
Apache’s huge West Texas oil, gas find looks to be uneconomic for awhile – economist
South Delaware Basin short on oil and gas infrastructure, including pipeline capacity Yesterday’s announcement that Apache Corp. has discovered a three billion barrel oil field in the South Delaware Basin has many West Texans celebrating, but energy economist Ed Hirs suggests the champagne be put on hold for the time being. Apache’s find is, indeed, […]
Four Corners study uses satellites to show methane ‘hotspots’ – NASA
Industry cautions that some methane hotspots caused by non-oil and gas activities, such as landfills and natural seeps A new NASA study of methane emissions in the Four Corners region of the United States finds that just 10 per cent of the methane sources are contributing half of the emissions. Industry calls the study a “good start” but […]
New Mexico BLM oil and gas lease sale set for Sept. 1 in Roswell
Minimum acceptable bid is $2 per acre, leases are awarded for 10 years The New Mexico Bureau of Land Management’s oil and gas lease sale originally set for July 20 has been rescheduled to Sept. 1 in order to ensure adequate public notice. The location of the sale will remain in Roswell, New Mexico. A total of 36 parcels […]
Matador Resources focuses on Delaware Basin (Rustler Breaks, Wolfcamp)
Matador expects its natural gas processing plant to come online Aug, 2016, capable of 60 million cubic feet of natural gas per day DALLAS – Matador Resources Company, an independent energy company, currently focused on its Delaware Basin operations in Southeast New Mexico and West Texas, provided an update of its ongoing operations. Highlights include the initial results from […]
Nostra Terra buys Permian Basin assets, plans to switch away from vertical wells
Nostra Terra says “modern techniques” of horizontal wells, fracking should increase production in old fields UK-based Nostra Terra has acquired mature Permian Basin assets it hopes will produce much better with horizontal wells instead of the old verticals, the company announced Monday. Nostra Terra (AIM:NTOG), with a portfolio of assets in the USA and Egypt, says it has purchased […]
Matador Resources ups Permian Basin oil production 35% in 2015
Compared to 2014, Matador’s 2015 Permian Basin oil production increased from 3.3 million b/d to 4.5 million b/d Even though oil prices plunged in 2015, like many oil and gas companies operating in the Permian Basin, Matador Resources increased its production last year. Matador Resources Company is focused on its Permian (Delaware) Basin operations in Southeast New […]
Rig count: US down by two to 874
New Mexico gains 3, Louisiana gains 2, Texas, Wyoming, North Dakota, Ohio gain 1 Oilfield services company Baker Hughes Inc.’s latest rig count says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874. Houston-based Baker Hughes said Friday 664 rigs were seeking oil and […]
Wolfcamp Delaware getting more attention from producers, analysts
Clayton Williams plans to run one rig full-time in Wolfcamp Delaware Move over Eagle Ford and Bakken, the Wolfcamp Delaware play is starting to attract attention, according to a new report from IHS. The Wolfcamp Delaware is an emerging hydrocarbon play located in the western portion of the Permian basin that straddles the Texas-New Mexico border. IHS analyst Reed […]
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