Large water recycle facility completed in the Delaware. 140,000 barrels per day.
Lime Rock acquires acreage in Loving County for $508 million. The pace of deals is picking up.
NGL Energy completed a Lea County wastewater recycling plant at 130,000 barrels per day capacity.
Port of Corpus Christi sets half year and quarter records for cargo moved. NGL and oil exports are driving it.
July summary of merger and acquisition deals.
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Callon acquiring Primexx for $788 million. Good acreage fit for Callon. Reduced competition for mineral owners.
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Holly Frontier acquiring Sinclair assets.
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Whistler Pipeline went into service July 1. Major new export line for Permian gas to Mexico and elsewhere. If you have not noticed, the Waha Hub discount is a thing of the past with all this new takeaway capacity.
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Texas RRC releases report showing substantial declines if flaring since 2019. Permian pipeline capacity has finally caught up and prices have been good. The trick to keeping this low and getting further reductions (currently less than 7/10ths of one percent of gas is being flared) is greater scrutiny of extensions and exceptions by the RRC, making sure pipeline capacity is considered in approving drilling permits for oil where there is going to be associated gas, and keeping the markets in balance so price drops do not give the incentive to flare. Minerals owners can help by insisting on getting paid a royalty on flared gas in your new leases.
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According to Bloomberg Natural gas is going up a 1000 percent burns cleaner than coal could be win win for royalties! I Hope
Chesapeake is buying Vine Energy for $2.2 billion. Big news in the Haynesville Shale.
Pioneer bought Double Point and its complimentary Midland Basin acreage for $6.4 billion.
Hess sold 78,000 acres of its Bakken holdings to enerplus.
Columbia University study says repairing, replacing, and even building pipelines will help reduce greenhouse gas emissions.
EQT bought Alta Resources acreage in the Marcellus for $2.9 billion.
Bonanza Creek and Extraction merger will create a very large DJ Basin operator and it will rename itself Civitas Resources.
Cabot and Cimarex are merging.
Southwest Energy is buying Indigo in a Haynesville Shale deal for $2.7 billion. The Haynesville is starting to heat up.
Colgate with two major Permian deals buying Oxy acreage acreage, listed earlier, and now buying Luxe. Luxe was struggling with developing its Ward Co. acreage with a leasing and drilling program that got ahead of its title and paydeck obligations. Colgate is more methodical.
WSJ article talking about wind turbine makers are having a hard time staying profitable, mostly because of rising material and transportation costs. Probably a paywall on the link.