delaware

Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Permian Basin-focused Matador Resources Co. has seen some of the highest initial potential (IP) rates from one of four wells recently completed and turned to sales in the Stateline asset area in Eddy County, NM. The Dallas-based operator said Tuesday the test results from the Boros No. 215H well showed 24-hour IP production of 4,584…

September 22, 2020
Williston Pure-Play Northern Oil Expanding into Permian, Citing Favorable Economics Amid Downturn

Williston Pure-Play Northern Oil Expanding into Permian, Citing Favorable Economics Amid Downturn

Northern Oil and Gas Inc., which up to now has kept its focus on the Williston Basin, said it has acquired a working interest in Permian Basin acreage operated by EOG Resources Inc. On the deal, Northern revised higher its third quarter production guidance to 25,000-30,000 boe/d. Minnetonka, MN-based Northern said it expects production from…

September 15, 2020
NGL Energy Expands Permian Water Acreage Dedication in New Mexico

NGL Energy Expands Permian Water Acreage Dedication in New Mexico

Tulsa-based NGL Energy Partners LP has signed a long-term extension and expansion of an acreage dedication with an existing customer in the Permian Basin.  The agreement with an undisclosed customer is for an operating area in New Mexico’s Lea and Eddy counties within the Delaware sub-basin, NGL said. The acreage dedication through 2027 was increased…

September 1, 2020
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
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