Permian News of General Interest

#102

New Mexico Land commissioner wants to raise royalty cap on state lases from 20 to 25%. Given that 25% has been the norm in the Permian for 10+ years, better late than never.

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#103

thank you for all your input to keep us all up to date even in NM oil play.

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#104

Big water deal- University Lands selects Layne and H2O Midstream as preferred water provider for 167,000 acres in Wink and Loving County.

Link

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#105

I don’t publish stock picker articles very often, but extensive analysis of rigs and production by Apache. I think you have to take these stock picker articles with a very large grain of salt, because the authors often have short or long positions in the stock and are trying to influence stock price. This one says no, but still skeptical.

Link

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#106

Report from Environmental Defense Fund (big grain of salt due to source) claims Permian gas flaring is under-reported by 50%. How they can tell that from satellite photos is curious, but would not doubt some under-reporting goes on.

Link

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#107

Whitewater/Agua Blanca being sold but management staying in place. Active pipeline company.

Link

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#108

Noble, Apache, and Diamondback exercise options to buy part of Epic pipeline.

Link

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#109

Forbes article on how the Permian is driving profits at the majors, record production, and record exports.

Forbes

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#110

WPX selling Nine Mile Draw acreage in southern Reeves Co.

WPX sale

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#111

Sinclair drilling wells underneath Big Spring and Apache donates $1 million to rebuild Balmorhea state park pool.

Link

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#112

Capital expenditure cuts for 2019 being announced. Not surprising given price softness and takeaway capacity issues. Apache 3 billion to 2.4 billion. Carrizo 35%. I am sure there are more, so if any others have been seen, please post them.

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#113

Large solar projects announced for Reeves and Andrews counties.

Link

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#114

Refinery planned in Winkler County. 60,000 BOPD capacity.

Link

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#115

Produced water causing drilling cost increases due to pressures.

Link

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#116

Can anyone tell me if it is legal for an oil/gas company (Leesee) to sell their lease to another oil/gas company in the 3rd year of a 3-year lease? Without telling the Leesor? (i.e. me).

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#117

Depends on whether your lease required them to get your permission to assign it.

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#118

Wade, can you recommend a good oil/gas attorney that can work on the Lea County, New Mexico area? I am a mineral deed owner (several) with some leased and some not.

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#119

HI Wade

my family owns land in Reeves TX…PCore has drilled 3 producing wells (you can read about 1-12 on their website) and several permits to drill…

I know in the past that area was perceived as wildcat…what are your thoughts on possible further development in c-16?

also- our lease will be due Oct 2019. our understanding is that the operator (?) will need to drill/permit several more wells to secure the acreage otherwise ia bonus is paid (I am guessing that would be the case if they continue to have interest)…we are new to this and still trying to get our heads around this…

Thanks in advance

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#121

You may want to move this post over to the Reeves Co, TX topic area.

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#122

Elizabeth-

Hard to answer without more info, plus I have been somewhat reticent on responding to a lot of posts, as I would not want to comment on something we may have a conflict of interest on. Sorry!

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