Charlie Passut

Lawmakers in New Mexico have advanced a bill that calls for the public utilities and rural cooperatives to source all of their electricity from renewable sources by 2045, in effect phasing out power generation fueled by coal and natural gas.

Natural gas heavy Ultra Petroleum Corp. plans to maintain its focus on operating cash flow and high-return vertical wells within the Pinedale Anticline this year, with annual production expected to be about 11% lower, vis-à-vis 2018.

The U.S. Army Corps of Engineers and the Interior Department’s Bureau of Land Management have issued a joint record of decision (JROD) for the smaller of two pipeline projects designed to export natural gas from Alaska’s North Slope to Asia Pacific markets.

FERC said the 35-day partial shutdown of the federal government has forced it to delay by more than 40 days completion of an environmental impact statement (EIS) for the Jordan Cove liquefied natural gas (LNG) export facility and the companion Pacific Connector Pipeline project in Oregon.

SandRidge Energy Inc. plans to boost oil production while spending less on capital in 2019, but it is devoting most of its operating cash flow to the North Park Basin in Colorado, where it anticipates finding thousands of potential drilling targets.

Goodrich Petroleum Corp., which saw production more than triple in 4Q2018, said it plans to double production this year and focus on strategic acquisitions to add to its drilling inventory while running a single-rig program on gassy targets in the Haynesville Shale.

Enbridge Inc. said the opening of a replacement crude oil pipeline across the northern tier of Minnesota will be delayed until next year, after state regulators provided an updated timeline for when the company will receive the remaining environmental permits for the project.

The new head of the Alaska Gasline Development Corp. (AGDC), who is steering a liquefied natural gas (LNG) export project, reportedly has told lawmakers the state-owned corporation may be dissolved if the project is determined to be unfeasible.

Dallas-based Matador Resources Co. reaffirmed plans to reduce activity and consider selling assets in the Eagle Ford and Haynesville shales while hunkering down in the Permian Basin’s Delaware sub-basin, where it plans to drill more wells from multi-well pads and with longer laterals.