New Mexico

Permian’s New Mexico Revenues Booming, But Water Supply Concerns Persist

Permian’s New Mexico Revenues Booming, But Water Supply Concerns Persist

Reflecting the continuing surge in Permian Basin drilling, the New Mexico State Land Office (SLO) reported that it is nearing a record in oil and natural gas lease sale revenues, following the completion of a March auction that netted nearly $1.5 million.

April 3, 2018

Oxy’s Permian — Legacy and New — Drive Output in 4Q

Occidental Petroleum Corp.’s (Oxy) senior executives on Wednesday were whistling a familiar tune regarding production growth and efficiency gains, led by the Permian Basin, with fourth quarter output jumping year/year by a record 20,000 boe/d to 159,000 boe/d.

February 15, 2018
Permian Operators Reveal Plans for More Oil Infrastructure Expansions

Permian Operators Reveal Plans for More Oil Infrastructure Expansions

Enterprise Products Partners LP said Wednesday it intends to convert one of its natural gas liquids (NGL) pipelines in the Permian Basin to move crude oil to the Texas Gulf Coast by 2020.

December 7, 2017

Chisholm Ropes More Acreage in Permian’s Delaware

Chisholm Energy Holdings LLC, a startup producer backed by private equity (PE) giant Warburg Pincus, said Thursday it has a definitive agreement in hand to acquire undeveloped acreage in New Mexico’s Permian Basin.

December 7, 2017

Oxy Hits Pay Dirt in Sand Dunes of New Mexico Permian

Houston-based Occidental Petroleum Corp.’s (Oxy) most significant U.S. oil and natural gas results in 3Q2017 were found in the Permian Basin’s Sand Dunes area of New Mexico, where drilling results are shattering expectations, executives said Thursday during a conference call with analysts.

November 2, 2017

Dallas Fed Reports Rising Oil, Natural Gas Activity, But Slowdown from First Quarter

Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).

June 28, 2017

Caza Touts Latest Bone Spring Well

Caza Oil & Gas Inc. is making progress on its Caza Ridge horizontal Bone Spring program, with its latest well producing at a peak 24-hour rate of 1,004 bbl and 1.3 MMcf of gas.

August 13, 2013

WPX Adds San Juan Basin to Growing List of Targets

WPX Energy has achieved its second exploratory success of the year, this time from the Mancos Gallup Sandstone formation in the oil window of Northwest New Mexico’s San Juan Basin, company management said during an earnings conference call.

August 7, 2013
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