The Perryman Group projected the Permian Basin to generate $325 billion in gross product and provide more than 1,200,000 jobs for the nation’s economy by 2050.
Endeavor has achieved an incredible company milestone: 400,000 gross operated barrels
Team Endeavor has achieved an incredible company milestone: 400,000 gross operated barrels of oil equivalent per day!
EagleRidge approved for 52 mile pipeline expansion Barnett Shale
EagleRidge Energy (ERE) is a Dallas-based operator focused in the Barnett Shale. ERE is engaged in the exploration and production of onshore natural gas properties approved for pipeline addition permit (T09402) adding 52 miles to an existing pipeline in the Barnett Shale
ProFrac unit defeats Halliburton patent lawsuit over electric fracking tech at trial
The jury in Waco, Texas, agreed with ProFrac’s U.S. Well Services that the company’s “Clean Fleet” technology did not work in the same way as Halliburton’s patented technology for electric fracking, or “e-frac,” which has a smaller carbon footprint than traditional fracking.
Brazos Midstream new air permit approved for a compressor station – MARTIN County
Under the legal name Permian Gathering, Brazos was approved by the TCEQ for a new air permit (RN111798047) for a new facility names TRUE GRIT COMPRESSOR STATION.
Rio Grande LNG
NextDecade has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at Rio Grande LNG in Brownsville, Texas.
Permian Shale Drilling Shrinks at Fastest Pace in Three Years
Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co. It’s the biggest weekly drop in the Permian since June 2020.
New Mexico – Oil and gas revenue makes up roughly 40% of the state general fund
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.
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.