Permian News of General Interest


NGI pays $93 million for Beckham and McCloy ranches in N.M. for water rights.

The water is valuable too


OneOk spending $295 million to expand Permian pipeline system

OneOk expansion


Bearish gas price outlook from lengthy Seeking Alpha article. If you want to follow a specific company, Seeking Alpha is a good free service to sign up for. Not a tremendous amount of spam involved.

Bearish on gas prices


Update from Midland paper on San Andres play developments

San Andres article


Eagle Claw buying Caprock for $950 million

midstream merger


Permian bottlenecks are driving midstream deals

why the flurry of deals


Oryx adding 500 miles of pipelines in Permian, mostly upper Permian.

Oryx expansion


Thank You for sharing. This my article. I don’t have a large following on SA so nice to see that it has matriculated outside the confines. Also, here is a link to Pt. II which analyzes a couple plays followed on here. I will have Pt. III out soon. U.S. Shale Gas: The Times They Are A-Changin’ Chapter II: New Plays | Seeking Alpha


Franklin Mountain Energy buying bout 8000 acres of leases in Lea and Eddy Counties.



Reuters article summarizing takeaway problem impact - loss of 200k barrels a day of production.



Epic pipeline going into service Q3 2019 will carry oil for at lease a year instead of NGL to ease oil takeaway capacity. Oil is king in the pecking order of decision making versus gas or NGL. Gas prices at Waha hub were down to $1.20/mcf this week due to gas takeaway constraints. Expect more puzzled looks on royalty owners faces when they look at the prices paid on their checks.



Noble and Salt Creek doing JV to build crude pipeline system of 100 miles.

New Noble lines


Mergers and acquisitions up 250% among operators/flippers and those in between.

MRT article


Oxy hiring in Carlsbad and Hobbs.



For those of you following Apache in particular, I posted a new article and presentation in the Reeves County Group. Anyone following the Permian should also be a member of the Reeves County Group, as it is the most active on this site.


The following is a sponsored (paid) promotional notice:

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Hope to see you in Dallas!

Wade Caldwell, Pres. NARO-Texas Chapter


Kimmeridge is an investor in Resolute and is publicly pushing them to sell out or merge.

Kimmeridge play


Torchlight has found more financing to continue to develop its play in Hudspeth and Culberson Counties.



USGS is updating its survey of the Delaware. Expect some eye-popping numbers on reserves. Already saying the Wolfcamp is much thicker here.



Eagle Claw gets more funding for more pipelines.