Tag: New Mexico

Clayton Williams will resume drilling in Q3, sells Eagle Ford land

Clayton Williams will resume drilling in Q3, sells Eagle Ford land

Clayton Williams Energy expects to run two rigs, one in Eagle Ford, one in Delaware Basin Midland-based independent Clayton Williams Energy, Inc. says it has sold about 3,700 net acres in the Eagle Ford basin for $22.1 million and that it plans to resume drilling in the third quarter. According to a release, the acreage in […]

Matador Resources increases acreage in New Mexico with Yates deal

Matador Resources increases acreage in New Mexico with Yates deal

Matador Resources grows Permian Basin holdings in SE New Mexico, West Texas to 155,500 gross acres Matador Resources continued its expansion into the Delaware Basin by announcing another deal involving HEYCO Energy Group, Inc., owned by the Yates family of Roswell, New Mexico. Matador Resources says that on June 5 it completed previously announced joint ventures with HEYCO Energy Group affiliates, which resulted in […]

2014 American oil production increase biggest since 1900

2014 American oil production increase biggest since 1900

Despite lower oil prices, American oil production continues its record pace American oil production rose a record amount in 2014 and is expected to continue rising over the next two years, though at a much slower pace, according to the Energy Information Agency. U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million […]