Although the 2019 BP Energy Outlook forecasts renewables will be the biggest source of electricity generation, fossil fuels will still play a dominant role in the energy mix. Long-term trends see continued growth in natural gas and crude oil demand. https://t.co/hXGdMUddfI
“Given the growth that we’ve seen, the need for these investments is tremendous,” said, spokesman for the New Mexico Oil and Gas Association. “It continues to grow. This is absolutely part of the solution to remove bottlenecks.” https://t.co/k7WF7IpdOX
“The bill would be devastating to New Mexico’s economy,” said, spokesman for the NM Oil & Gas Association. “It would destroy the economy for places like Carlsbad and Hobbs. “Fracking is what New Mexico oil and gas looks like in 2019. https://t.co/DGjd5ESqZX
Matador Resources Co. (NYSE: MTDR) expanded its Delaware Basin midstream operations in a deal on Feb. 25 that analysts believe could help minimize outspend as the company looks into selling assets outside its core Permian position. https://t.co/cUKpjsp7T8
The Permian Basin is one of the most prolific energy-producing regions globally and production may double within five years. That, Perryman suggests, could make Permian production greater than that of any OPEC country, save Saudi Arabia.
Oil and gas: Goo…https://t.co/8m5sZ09dkY
Crude oil production in the Permian is set to rise above 4 million bpd for the first time in history next month, the Energy Information Administration said in the latest release of its Drilling Productivity Report. https://t.co/opUZWBHFn3
“Oil producers in the Permian basin have significantly lowered break-even costs, meaning many wells can remain profitable at lower prices,” executive and legislative economists wrote in their revenue update that was presented Frida…https://t.co/7YYUDUDirp https://t.co/I2KcgslUoS
“The production numbers for the Permian are expected to jump by another million barrels-per-day – to 4.8 million – by the end of 2020,” he said. “Representing about 36 percent of total US production https://t.co/E9H6KVAqOK
Exxon Mobil’s oil production rose to just over 4 million barrels per day, up from 3.9 million bbl/d in the same period the year prior. Their output in the Permian Basin, the largest U.S. shale basin, rose 90% over a year ago. https://t.co/s3SP4hvZQJ
The State of NM department that regulates oil and gas permitting and compliance with state law is struggling to recruit and maintain staff, as the oil and gas industry itself booms in the Permian Basin in southeast corner of the state. https://t.co/y8m7JhMeqH
Despite a 140% boom in U.S. crude oil production and a 50% jump in natural gas output since shale took flight in 2008, the midstream infrastructure to pipe this new supply around the country has simply not kept up. https://t.co/a5ndNqWH4X
The U.S. will become a consistent net petroleum exporter late next year, the government has forecast, an astonishing shift that reflects surging domestic crude oil production. https://t.co/6sv4Q99BdE
For 2019, the decline in drilling and completion costs that occurred last year will continue. The Permian Basin may have 5,000 drilled but uncompleted wells “and we won’t see that number dwindle soon” as producers await new pipelin…https://t.co/FQHPQ2qQKF https://t.co/VEVSvBQRfD
The Oil and Gas Industry is booming, but much of that production is on federal lands, and operators worry about a slowdown amid this #government#shutdown#gas#oil government shutdown.
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The American Petroleum Institute's president blamed rising U.S. carbon emissions in 2018 - after years of declines - on increasing energy demand from a strong economy and on pipeline shortages in areas like West Texas' booming Perm…https://t.co/lirYDRmFZ2 https://t.co/x09nhkgZKk
Expect plenty of capital, plenty of volatility, plenty of shifts in investor strategies—and plenty of unfolding stories to track as the new year progresses. https://t.co/96COVYkjJT
"Market expectations for continued strong oil demand growth remain in place, despite concerns about slowing demand growth as a result of weaker economic growth, the impact of tariffs and a strong U.S. dollar," Steve Wood, Moody's M…https://t.co/y65VZDEKjM https://t.co/gdFGstnJZM
"No one is trying to kick oil and gas out. That wouldn’t be done," said Tarin Nix, aide to Garcia Richard, incoming land commissioner who was unavailable to comment. "The most you can do is make the most money from oil and gas." https://t.co/ERVLYWAXW3