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…
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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…
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…
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…
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…
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…
New Mexico Topples Natural Gas, Oil Production Records in March
New Mexico, which shares a prolific slice of the Permian Basin with Texas, in March produced the most natural gas and oil production on record, the Energy Information Administration (EIA) reported. Oil output averaged 1.16 million b/d in March, while gas production climbed to 6.19 Bcf/d, EIA researchers led by Emily Geary noted. The increases…
Federal Judge Temporarily Halts New Oil Leases as Sage Grouse Battle Festers in Wyoming, Montana
Federal authorities must apply more scrutiny to potential impacts on greater sage grouse across hundreds of oil and natural gas leases in Wyoming and Montana before authorizing new drilling, a federal judge in Idaho has ruled. Magistrate Judge Ronald Bush ruled that the Interior Department’s Bureau of Land Management (BLM), under former President Trump, failed…
New Mexico Natural Gas Waste Rules in Effect, with First Phase Set to Begin in October
New Mexico’s oil and natural gas operators would be required to capture 98% of their gas waste by the end of 2026 under rules that took effect Tuesday. The Energy, Minerals and Natural Resources Department’s Oil Conservation Division (OCD) officially enacted the rule following two years of stakeholder outreach and technical research. The final rules…
New Mexico Calls for Innovation by E&Ps, Midstreamers to Curb Natural Gas Flaring, Venting
New Mexico upstream and midstream operators have until 2026 to reduce routine natural gas flaring and venting by 98% under rules enacted Thursday. The Oil Conservation Commission (OCC) completed the two-year rulemaking process to update gas capture regulations. The undertaking followed months of testimony and virtual public hearings, with the oil and gas industry pledging…