According to an analyst, The Gray Oak Pipeline could help alleviate a crude oil transportation bottleneck in the Permian Basin … The New Mexico field advocate for national environmental group Earthworks said oil and gas facilities across the Permian Basin and in southeast -mexico">New Mexico were responsible for air-polluting emissions with little oversight from the state, even as product slowed amid the COVID-19 pandemic. Some … News. City Bank will make available a total of $60,000 to be awarded to 30 local nonprofits to assist them in carrying out their missions of hope and service to people in need. This sedimentary basin is located in western Texas and southeastern New Mexico. Date of Report (Date of … The Federal Energy Regulatory Commission (FERC) first approved the request to begin the application process in September 2019, but more than a year later as energy markets struggled to recovery from the pandemic, the application to FERC was withdrawn. Annual subscriptions are free to members of PBPA or online at www.pbog.com. Chesapeake Energy CHK - Permian Basin Unconventional Liquids Plays (West Texas and southern New Mexico): Chesapeake has built a strong position of approximately 670,000 net acres of leasehold in four Permian Basin unconventional liquids plays: the Avalon Shale, Bone Spring, Wolfcamp and Spraberry in West Texas and in southern New Mexico. : “All these things come together to make a very interesting investment environment. News; Current Teams; Safe Sport; League Schedules. $25 Million Grant Provided for I-20 Improvements Near Midland in Permian Basin. People who really know what they’re doing are going to make a fortune in this stuff, and the people who don’t know what they’re doing are going to waste a lot of capital. CURRENT REPORT. David has enjoyed a 39-year career in the oil and gas industry, the last 23 years of which were spent in the public policy arena, managing regulatory and legislative issues for various companies, including Burlington Resources, Shell, El Paso Corporation, FTI Consulting and LINN Energy. The Permian Basin is around 250 miles wide and 300 miles long, across West Texas and southeastern New Mexico. He said the company could resume the project in the future if the market recovers, and the company would hold an open season to re-solicit shipping commitments from producers. Investments in water midstream developments continued in the Permian Basin amid a growing need for water handling and recycling even as drilling operations … Conventional plays are different – it didn’t matter who drilled the East Texas field first, whether it was Dad Joiner or Humble Oil, because conventional plays treated everyone the same. The loudest are typically the ones that really don't understand this. EZ Rider to Receive New Buses. Permian Basin Royalty Trust Announces November Cash Distribution. Petroleum Accountants Society of the Permian Basin . More. It means the rate of growth, while still robust, is proceeding at a slower pace than it did during 2018, when the U.S. domestic industry added a record 2 million barrels of oil per day of production. Most of it is economic at $40/bbl  - you just need to be able to go out there and do it the right way.". Since the first well drilled in the basin in July of 1920, over 30 … Historic horizontal well in Permian Basin completed - Drilling of the longest horizontal oil and gas well in the history of the Permian Basin has been completed as booming oil production in the region continues to center around shale in southeast New Mexico and West Texas. ABOUT US. City Bank will make available a total of $60,000 to be awarded to 30 local nonprofits to assist them in carrying out their missions of hope and service to people in need. Permian Basin, also called West Texas Basin, large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. Do these fundamental misconceptions about the nature of shale plays help explain why operators are finding their access to capital markets increasingly restricted? Adrian Hedden can be reached at 575-628-5516, achedden@currentargus.com or @AdrianHedden on Twitter. Permian Basin Royalty News . Short-Term Energy Outlook Supplement, Energy Information Administration. W.H. The 625-mile line would have transported natural gas from Texas’ Waha Hub, where natural gas is sent from across the Permian Basin in West Texas and southeast New Mexico, to markets in southwest Louisiana. Gilmer says, not exactly. It encompasses several sub-basins, including the Delaware Basin and the Midland Basin. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA. Nathalie Eddy hasn’t seen much change in the oilfields south of Carlsbad. Skip to … Drilling rights in the Permian Basin averaged $24K/acre in recent deals, down 67% from 2018, and the average price across all U.S. shale has plummeted to … The company currently owns roughly 49,000 acres in the Permian Basin and produced 4.4 million barrels in the third quarter, contributing 62% to its total output. Follow PBT. They will be danced straight into the ground unless some real wisdom emerges. Three Decades after Oil Bust, Permian Basin Booms Again, San Antionio Express-News. : "We still have this issue where we have the best operator producing 30-40% more for the same dollar drilled in the same producing zone than the worst operator.". Rules and Requirements – Fall 2018 ; Select Page. … That remarkable growth in the Permian and elsewhere has made the U.S. the world’s top oil and natural gas producer, a far-fetched idea just 20 years ago. Matador Production to pay $125,000 fine for oil 'commingling' violations after self-audit, Permian Basin leading oil and gas' recovery, could be strained by 2nd COVID-19 wave, Here are the 7 oil and gas operators being sued by the New Mexico State Land Office, U.S. Sen. Tom Udall continues push for oil and gas leasing reform, BLM: Oil and gas land sale moves forward in New Mexico amid calls to ban federal leasing, Thriving coronavirus, ailing oil industry leave Carlsbad residents struggling, New Mexico oil and gas operators report millions of gallons of water use, New Mexico State Land Office cracking down state land misuse by oil and gas, others, Your California Privacy Rights / Privacy Policy. Santa Rita taps Permian Basin, American Oil & Gas Historical Society. The Fort…. Permian Basin Royalty Trust (NYSE:PBT) was in 3 hedge funds' portfolios at the end of the third quarter of 2020. More:Here are the 7 oil and gas operators being sued by the New Mexico State Land Office. David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. Reuters . A drilling revival may soon be underway in the Permian Basin of West Texas where a flurry of permits for new horizontal wells have been filed. Go to several different tryouts and weigh your options before choosing a club. Follow PBT. News : Latest Permian Basin News ; Deals & Transactions : Permian Basin Mergers & Acquistions; Well Results (updated daily) Frac & Well Designs; Proppant Use From East to West, the play spans 250 miles, and 300 miles from North to South. 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