By Al Pickett, special contributor Like their Texas neighbors, oil and gas producers in New Mexico feel the inevitable pressures that accompany a boom economy. Things are “still a gamble,” as one NM source says. But the state’s Permian region is producing more crude than ever. Mike Miller said he was in Hobbs, N.M., recently [...]
With prices up, Basin natural gas production sees new life. By Paul Wiseman, special contributor Discussing natural gas in the Permian Basin is somewhat like talking about Pippa Middleton—a lovely idea but not really the main attraction. The three Texas Railroad Commission districts that primarily identify the Basin—7C, 08 and 8A—accounted for 441.1 thousand MCF [...]
Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a [...]
It already has its own Wikipedia page, for goodness sakes. If all plans are put in motion, the latest Big Thing to hit the Permian Basin will be the 58-story Energy Tower now slated for downtown Midland. Midland-based developer Energy Related Properties will build its high rise in the heart of downtown Midland, offering more [...]
West Texas, with its growth and its booming energy industry, has been feeling the pinch in another energy sector–electricity. “You may be in for another difficult summer, price-wise, here.” When those words come from a vice president at ERCOT, the Electric Reliability Council of Texas, they sink deep. America might run on oil, but the [...]
By Al Pickett, special contributor Like their Texas neighbors, oil and gas producers in New Mexico feel the inevitable pressures that accompany a boom economy. Things are “still a gamble,” as one NM source says. But the state’s Permian region is producing more crude than ever. Mike Miller said he was in Hobbs, N.M., recently [...]
With prices up, Basin natural gas production sees new life. By Paul Wiseman, special contributor Discussing natural gas in the Permian Basin is somewhat like talking about Pippa Middleton—a lovely idea but not really the main attraction. The three Texas Railroad Commission districts that primarily identify the Basin—7C, 08 and 8A—accounted for 441.1 thousand MCF [...]
Legislative sessions have their way of creating their own realities. “You’ve got to be very careful if you don’t know where you are going, because you might not get there.” —Yogi Berra When we began the Legislative session, re-authorizing the Railroad Commission, funding our water and transportation infrastructure needs and improving the state’s response to [...]
In New Mexico, a challenge to a lower court’s decision has caused the state’s Supreme Court to take a longer look at what it means to pay a lessor an established portion of the “net proceeds” from the sale of gas. More than a few months ago I wrote about the Commissioner of Public Lands [...]
Various camps that are unfriendly to oil and gas are making water their point of contention. Water. It is a hot topic in Texas now, with drought concerns and high demands coming from many directions. Although hydraulic fracturing accounts for less than 2 percent of statewide water use, hydraulic fracturing and the economic prosperity of [...]
Steve Pruett and his well-placed partners have put together one of the biggest new E&P outfits to hit the Permian in several years. By Al Pickett, special contributor The most important factor in securing equity funding for a start-up energy company is people, according to Steve Pruett. “It is a marriage of people, experience, a [...]
The Texas Railroad Commission adopted new rules March 26 to encourage Texas operators to continue their efforts to conserve water used in hydraulic fracturing for oil and gas even though hydraulic fracturing and total mining use account for less than one percent of statewide water use. The state’s top three water consumers are irrigation, municipalities, [...]
It already has its own Wikipedia page, for goodness sakes. If all plans are put in motion, the latest Big Thing to hit the Permian Basin will be the 58-story Energy Tower now slated for downtown Midland. Midland-based developer Energy Related Properties will build its high rise in the heart of downtown Midland, offering more [...]
