Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. In a recent move, air permits tied to two key oil & gas facilities in Loving County have been officially transferred to Greenlake Energy Operating LLC, marking another milestone in Greenlake’s rapid emergence as a nimble, low-cost operator in the Permian.
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✅ Facility Transfers: Moore Hooper 2 Battery and Morely Hamilton CTB & SWD
According to Texas Commission on Environmental Quality (TCEQ) records, Greenlake Energy recently assumed ownership of the following facilities through a New Source Review (NSR) Change of Ownership:
- Moore Hooper 2 Battery
Permit #148539 – Located ~3.2 miles northeast of Mentone, TX, this facility sits in the heart of the Delaware sub-basin. - Morely Hamilton CTB and SWD
Permit #145807 – Situated ~2.0 miles along CR 100, this site includes a central tank battery and a saltwater disposal unit critical for produced water management.
Both permits were officially reissued to Greenlake on May 29, 2025, under PBR (Permit by Rule) status, indicating standard emissions compliance and a relatively straightforward operational footprint.
💡 Why This Location Matters
Loving County, TX, is ground zero for some of the most productive acreage in the Delaware Basin, a key sub-region of the Permian known for its high oil cut, thick stacked pay zones, and prolific well economics. Infrastructure density—pipelines, SWDs, and roads—make it one of the most attractive yet competitive zones in North America.
With majors like Oxy optimizing toward scale and shareholder returns, leaner independents like Greenlake are stepping in to unlock value through efficient field operations and tighter cost controls. The Moore Hooper and Morely Hamilton assets provide Greenlake with immediate cash flow potential and control over midstream dependencies via in-house water and storage facilities.
🏗️ Greenlake Energy: The Low-Cost Contender
Greenlake Energy Operating LLC positions itself as a low-cost, high-efficiency operator. Backed by experienced leadership and a focused acquisition strategy, the company is building a footprint in areas where large producers are pulling back. Their value proposition lies in:
- Lean Field Operations – Maximizing uptime and minimizing non-productive time (NPT) through digital field surveillance and efficient staffing.
- Infrastructure Control – Assets like SWDs and centralized tank batteries reduce third-party reliance and OPEX variability.
- Selective Development – Targeting assets with existing flow and upside via refracs or short-lateral drilling.
With Oxy continuing to high-grade its Permian footprint—recently focusing on core Midland Basin zones and monetizing midstream assets—operators like Greenlake are stepping in to extract value from overlooked or underutilized properties.
🔍 Looking Ahead
As more majors streamline portfolios and exit certain Permian positions, nimble independents like Greenlake Energy are poised to fill the void—especially in areas like Loving County where infrastructure, geology, and upside potential align.
The Moore Hooper and Morely Hamilton facilities are more than just permit numbers—they represent the continued reshuffling of the Permian landscape, where operational agility may ultimately outperform scale.
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