delaware

4Q2019 Earnings: $40 Oil Enough For WPX in 2020, Management Says

4Q2019 Earnings: $40 Oil Enough For WPX in 2020, Management Says

WPX Energy Inc. expects to generate positive free cash flow (FCF) in 2020, even if oil prices fall to $40/bbl, CFO J. Kevin Vann said during the recent fourth quarter 2019 earnings call.

March 3, 2020
Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

Natural Gas Flaring Remains ‘Undoubtedly’ Very High in Permian Basin, Says Rystad

The volume of waste natural gas that is flared or vented at the wellhead in the Permian Basin tripled between early 2017 and the fourth quarter of 2018 and has been range bound since then between 550 MMcf/d and 750 MMcf/d, “undoubtedly a very high volume,” according to analysts at Rystad Energy.

February 14, 2020

4Q2019 Earnings: Noble Ties Natural Gas Growth to Leviathan, with Lower 48 Liquids Driven by DJ, Permian

Houston-based Noble Energy Inc. spent less and produced more in 2019, boosted by the ramp of the Leviathan natural gas field offshore Israel and better performance from Lower 48 properties in Colorado and Texas.

February 12, 2020
New Mexico Oil Production Likely Clips 1 Million b/d Mark

New Mexico Oil Production Likely Clips 1 Million b/d Mark

New Mexico oil production surpassed the 1 million b/d mark late last year, lifted by output from the Permian Basin’s Delaware formation, according to an analysis by Rystad Energy.

January 27, 2020
New Mexico Oil Production Likely Clips 1 Million b/d Mark

New Mexico Oil Production Likely Clips 1 Million b/d Mark

New Mexico oil production surpassed the 1 million b/d mark late last year, lifted by output from the Permian Basin’s Delaware formation, according to an analysis by Rystad Energy.

January 27, 2020

Enterprise’s Mentone Natural Gas Plant Starts Up in Permian

With an eye on connecting Permian Basin producers to domestic and international markets, Enterprise Products Partners LP (EPD) has started commercial operations at a cryogenic natural gas processing plant in Loving County, TX.

January 21, 2020

Enterprise’s Mentone Natural Gas Plant Starts Up in Permian

With an eye on connecting Permian Basin producers to domestic and international markets, Enterprise Products Partners LP (EPD) has started commercial operations at a cryogenic natural gas processing plant in Loving County, TX.

January 21, 2020
WPX Slaps Down $2.5B for Felix Energy, Boosts Permian Delaware Prospects

WPX Slaps Down $2.5B for Felix Energy, Boosts Permian Delaware Prospects

Tulsa-based independent WPX Energy is wrapping up the year in style with a $2.5 billion cash-and-stock deal to buy Permian Basin operator Felix Energy LLC.

December 16, 2019

DRBC to Reconsider Approval of Proposed New Jersey LNG Export Terminal

The Delaware River Basin Commission has unanimously agreed to reconsider its approval of a second dock for liquefied natural gas (LNG) exports at a proposed export terminal in New Jersey along the Delaware River.

September 17, 2019
ExxonMobil Testing Support for Permian Delaware Crude Pipeline

ExxonMobil Testing Support for Permian Delaware Crude Pipeline

ExxonMobil Corp. has launched a binding open season for a major pipeline to connect Permian Basin oil and condensate from production areas in New Mexico to its terminal in West Texas near Wink.

September 16, 2019
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