Oil production in New Mexico hit a record high in a recent 12-month period, according to state economists, with even steeper heights expected in the coming years.
New Mexico – Oil and gas revenue makes up roughly 40% of the state general fund
Crescent Point Announces Sale of its North Dakota Assets
Crescent Point has agreed to sell its North Dakota assets to a private operator for US$500 million (approximately $675 million) in cash.
BKV to build BARNETT ZERO CO2 COMPRESSOR STATION
Last week BKV was approved by the Texas Commission on Environmental Quality (TCEQ) approved permit #RN111773610 for the construction of a “BARNETT ZERO CO2 COMPRESSOR STATION” to be built in Wise, CountyTX.
Marathon Oil Eagle Ford pipeline expansion
approved by the Railroad Commission of Texas (RRC) (Permit#10045) for the addition of 247 miles on new pipeline in the Eagle Ford.
CNRL BOOSTS CAPITAL SPENDING
As part of its second-quarter earnings report last week, Canadian Natural Resources (CNRL) updated investors on its plans for organic production growth out of its oil sands assets.
Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P
Texas–Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) and Earthstone Energy, Inc. (“Earthstone Energy” or “Earthstone”) (NYSE: ESTE) today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.
Midland, Martin and Howard counties were the top-three producing counties in TX in April
Midland, Martin and Howard counties were the top-three producing counties in the state in April, according to the Railroad Commission of Texas.
North Dakota’s oil industry had its best month in more than 2 years
North Dakota, the nation’s third-largest petroleum producer after Texas and New Mexico, pumped 1.17 million barrels of oil a day in June, its highest monthly output since December 2020, state data shows.
Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction
Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion
Texas Top Midstream Companies
An oil and gas midstream company in Texas operates in the energy sector and focuses on the transportation, storage, and wholesale marketing of crude oil, natural gas, and other related products. The midstream sector plays a crucial role in the overall energy supply chain, bridging the gap between the upstream…