A recent noteworthy transaction highlights the transfer of air permits from Great Western Drilling Ltd. to Basin Oil & Gas Operating, LLC. This transfer involves a variety of facilities and projects located in the Permian Basin, emphasizing the importance of regulatory adherence in the sector.
Download Permit Transfer List
Overview of the Permit Transfers
The transfer includes facilities such as Boggs Davidson, C&H 13, Great Western Drilling Airfield, Jennings, and Marcom 12, located predominantly in Hockley County, Texas. These facilities were previously operated by Great Western Drilling Ltd., a well-established name in the industry known for its longstanding operations and contributions to regional energy production.
The transaction marks a new chapter as these permits are now under the ownership of Basin Oil & Gas Operating, LLC, signaling a shift in operational stewardship. Basin Oil & Gas Operating, LLC has quickly emerged as a significant player in the oil and gas sector, bringing a commitment to operational efficiency and environmental compliance.
Project and Permit Details
The transferred projects primarily fall under the classification of “Air New Source Review (NSR) Change of Ownership.” Each project has been marked as “COMPLETE,” reflecting a smooth transition and adherence to regulatory requirements. The permits were issued under the “Permit By Rule (PBR)” framework, an approach designed to streamline compliance for smaller-scale emissions sources.
Key data from the transaction:
- Previous Owner: Great Western Drilling Ltd.
- Acquiring Entity: Basin Oil & Gas Operating, LLC
- Permit Type: Permit By Rule (PBR)
- Regions: Region 02 – Lubbock
- County: Hockley
- TCEQ Received Date: November 12, 2024
About Basin Oil & Gas Operating, LLC
Basin Oil & Gas Operating, LLC is a dynamic company specializing in the acquisition, development, and operation of oil and gas assets. With a strong commitment to environmental responsibility and sustainable practices, Basin Oil & Gas Operating, LLC continues to make strides in modernizing operations while ensuring compliance with state and federal regulations.
Their recent acquisition of air permits underscores their dedication to operational excellence. By taking over facilities with a history of compliance under Great Western Drilling Ltd., Basin Oil & Gas aims to enhance production capabilities while maintaining environmental stewardship.
Conclusion
The transfer of air permits from Great Western Drilling Ltd. to Basin Oil & Gas Operating, LLC exemplifies the evolving landscape of the oil and gas sector. As companies adapt to changing regulations and market demands, such transactions highlight the importance of maintaining high standards of compliance and operational efficiency.
Basin Oil & Gas Operating, LLC’s acquisition not only strengthens their foothold in the industry but also sets a benchmark for responsible management of environmental permits. This transition serves as a reminder of the critical role regulatory adherence plays in fostering sustainable development within the oil and gas industry.
