The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC, which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. As part of this transition, regulatory filings for air permits have been submitted to the Texas Commission on Environmental Quality (TCEQ) under an Air New Source Review (NSR) Change of Ownership.

In a noteworthy shift within Texas’ oil and gas industry, the Texas Commission on Environmental Quality (TCEQ) recently facilitated the transfer of air permits from Chevron USA to Scout Energy Management LLC. This change marks a significant moment for Crane County, TX, which ranks 33rd in the state for barrels of oil equivalent (BOE) production as of August 2024.