delaware

Permian Delaware Producers, Midstreamers Said Struggling to Control Methane Emissions

Permian Delaware Producers, Midstreamers Said Struggling to Control Methane Emissions

Aerial methane measurements taken during August in the Permian Basin indicate the oil and gas industry continues to have issues in controlling flaring and venting, the Environmental Defense Fund (EDF) said Thursday. The EDF’s ongoing Permian Methane Analysis Project, aka PermianMAP, is collecting methane emissions from the air, via towers and on the ground across…

September 24, 2021
WaterBridge Adding Produced Water Heft in Permian Delaware with Colgate Acquisition

WaterBridge Adding Produced Water Heft in Permian Delaware with Colgate Acquisition

WaterBridge Holdings LLC is continuing to build on its extensive portfolio of produced water infrastructure in the Permian Basin. Backed by private equity firm Five Point Energy, the midstream company recently completed a transaction to acquire Colgate Energy LLC assets in the Delaware sub-basin that it snagged in June from Occidental Petroleum Corp. (Oxy). Financial…

September 15, 2021
LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

Dallas-based midstreamer LM Energy Holdings LLC through its subsidiary LM Touchdown Crude III LLC is testing support to obtain commitments to expand its crude oil gathering system in the Permian Basin of New Mexico. The binding open season to expand the system in the Delaware sub-basin was launched on Monday and concludes May 12. “Despite…

April 13, 2021
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
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