New Mexico

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.

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.

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.

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.

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).

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.

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.