New Mexico

Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Resources Co. has agreed to purchase Summit Midstream Partners LP’s Lane natural gas gathering and processing (G&P) system in New Mexico’s Eddy and Lea counties for $75 million. In connection with the deal, Matador “will assume certain takeaway capacity on the Double E pipeline, a FERC-regulated natural gas pipeline operated by Summit,” the Dallas-based…

June 13, 2022
Enterprise’s Teague Calls for Unleashing U.S. Oil, Gas Production to Lead World from Russia

Enterprise’s Teague Calls for Unleashing U.S. Oil, Gas Production to Lead World from Russia

Houston’s Enterprise Products Partners LP has a bundle of projects in the queue to expand Lower 48 natural gas, liquids and refined projects to serve domestic and overseas demand, the executive team said Monday. Seven projects are being constructed to expand processing, capacity and takeaway from Louisiana, New Mexico, Texas and beyond. Permian Basin natural…

May 2, 2022
ExxonMobil Gains Certification for 200 MMcf/d of Permian Natural Gas; Xcel Takes Some Volumes

ExxonMobil Gains Certification for 200 MMcf/d of Permian Natural Gas; Xcel Takes Some Volumes

Nearly 200 MMcf/d of the natural gas that ExxonMobil produces at Poker Lake, NM, in the Permian Basin have been independently certified for methane emissions management, the supermajor said Tuesday. The certification from MiQ is the first by a company for its associated gas production from oil, ExxonMobil said. The certification process also is being…

April 27, 2022
E&P, OFS Executives in Texas, Louisiana and New Mexico Forecasting Steady Oil, Gas Prices

E&P, OFS Executives in Texas, Louisiana and New Mexico Forecasting Steady Oil, Gas Prices

Oil and natural gas activity accelerated across Texas, parts of Louisiana and New Mexico during the first three months of 2022, but as Russia’s invasion of Ukraine continued, energy executives said they don’t foresee commodity prices surging to the end of the year. The first quarter survey of oilfield services (OFS) and exploration and production…

March 25, 2022
Four Rocky Mountain States Proposing Regional Hydrogen Hub

Four Rocky Mountain States Proposing Regional Hydrogen Hub

Colorado, New Mexico, Utah and Wyoming may develop a regional hydrogen hub using a portion of $8 billion in funds from the Department of Energy (DOE).  The states signed a memorandum of understanding (MOU) in February to potentially develop the Western Inter-State Hydrogen Hub (WISHH). The states also noted in the MOU they would apply…

March 8, 2022
Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast

Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast

Higher-than-expected oil and natural gas production, as well as stronger prices, are giving New Mexico’s coffers a boost, the state’s Legislative Finance Committee (LFC) recently reported. The committee also anticipates Fiscal Year (FY) 2021 oil output of 408 million bbl, or 1.12 million b/d — a 10.8% year/year increase. “Global consumption and demand for oil…

December 17, 2021
Piñon Midstream’s Dark Horse Galloping in Permian Delaware to Treat Sour Gas

Piñon Midstream’s Dark Horse Galloping in Permian Delaware to Treat Sour Gas

Houston-based Piñon Midstream LLC has placed into service some Permian Basin infrastructure in New Mexico that includes the Dark Horse sour natural gas treating and carbon capture facility, which is already near initial capacity of 85 MMcf/d. The project within the Delaware sub-basin in Lea County was built to capture and permanently sequester carbon dioxide…

October 13, 2021
Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

The Eagle Ford Shale and Williston Basin led a surge in U.S. onshore drilling activity during the week ended Friday as the domestic rig count rose nine units to an even 500, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting…

August 13, 2021
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