Article about national pipeline projects, but good overview discussion of Permian.
Environmental view on flaring.
Pioneer CEO condemns excessive flaring.
Oxy slashing capex 40%.
You know things are strong in SE New Mexico when real estate developers are putting out articles like these.
Oryx buying Targa’s crude oil gathering system in Permian. A lot of time spent announcing midstream deals on this thread because, as we have seen from the affect of takeaway capacity on prices, who your operator has for midstream takeaway is a big factor on the prices they are able to get.
Noble spinning its midstream assets into a separate entity. Apache did the same thing, and the investors who purchased the spin off have taken a beating. Seems like a pretty transparent attempt to raise capital.
MDC filed bankruptcy in Delaware. A Chapter 11 and have not seen a filing yet on whether they intend to pay royalty owners during the bankruptcy.
Here is a short primer we wrote on bankruptcy some time ago.
Major Callon shareholder has withdrawn opposition to the merger with Carrizo.
The Callon/Carrizo merger went through.
Waterbridge purchasing water infrastructure from Primexx, Tall City, and Jetta. Continuing trend of operators building out their systems and then selling or spinning them off to raise cash.
Navajo refinery in Artesia adding biodiesel capacity.
FERC approved four more LNG export terminals - 3 in Brownsville and 1 in Corpus.
O&G revenues lead N.M. to a $797 million state budget surplus.
Chevron’s capital budget for the Permian is $4 billion next year.
Construction complete at Altus plant in southern Reeves.
Record flaring in 2018. Over $1 billion in lost revenue potential.
Freeport LNG Train 1 has started up.
Epic starts oil exports and building NGL plant in Robstown.
Good article about the water infrastructure boom.