Sanders unveils fracking ban proposal:
Interesting article analyzing the Colorado spacing proposition vote that failed in 2018. Basically, only the precincts where there is little or no oil and gas activity were strongly in favor of curtailing drilling. In other words, the less you have first hand knowledge about how modern drilling works, the more likely you are to be in favor of banning fracing.
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Pioneer Energy Services (the driller, not the operator) from San Antonio has filed Chapter 11.
XCEL Energy has completed their big 240 mile electric transmission line to link the Texas Panhandle and SE New Mexico. This is big news for operators trying to electrify operations.
Black Stone Minerals announced a sale of $155 million of mineral and royalty interests.
Gas exports to Mexico predicted to rise with completion of additional pipe networks in Mexico. Hopefully will strengthen the Waha gas market.
The war against pipelines continues- a federal judge has shut down the Dakota Access pipeline, which has been in service for three years.
$5.3 million fine against DCP by the State of New Mexico.
This one amused me. Case Energy signed a contract with the Oklahoma prisons to use inmates to make cold calls to buy minerals. Let the puns about criminals buying minerals begin.
Case Energy contract with OK DOC.pdf (354.2 KB)
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Case Energy post is funny and scary all at the same time.
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Chevron is buying Noble.
Aramco is suspending a $10 billion oil refinery in China.
Company doing a Permian carbon capture plant.
Matador/San Mateo finished their expansion and start up of their Black River cryo plant in Eddy Co. N.M.
XTO is shelving its plans for a gas processing plant in Eddy Co., N.M.
Devon and WPX are merging.
Flaring in the Permian is declining. Industry has gotten proactive in publicizing the declines and getting the RRC to revise flaring regulations, because massive flaring is not a good look for anyone.
Devon accelerated and closed its sale of Barnett assets to Banpu.
ConocoPhillips and Concho are talking merger or sale. This would be a big one.
250,000 barrel per day water recycling facility has been built in Howard and Martin Counties.