delaware

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…

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…

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.

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.

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.

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.

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.

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.

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.