Here is this week’s industry news & analysis…Â
News Digest
LandBridge Announces Agreement to Acquire 46,000 Surface Acres in the Southern Delaware Basin
LandBridge scoops up the Wolf Bone Ranch for total consideration of $245 million in cash from a subsidiary of VTX Energy Partners, LLC.
Texas Pacific Land Corp. expands with $286M Midland Basin acquisition
Texas Pacific Land Corp. is continuing its growth strategy, making its third acquisitions of minerals and royalty interests this year.
Congratulations America!
If you heard Chris's keynote at our May 2023 conference, or know him from the host of ways he positively impacts energy supply, you will surely agree that America is very lucky to have him as our incoming Secretary of Energy.
New Gabe Collins Report: Prospective Costs and Consequences of Insufficient Water Infrastructure Investment in Texas
A new report from Center for Energy Studies at Rice University’s Baker Institute, commissioned by Texas 2036, explores the effects of multi-year dry spells on the state’s energy production, economy and points to opportunities created by new investment in water infrastructure.
New Mexico considers ban on forever chemicals in oil and gas operations
New Mexico environmental regulators will consider new rules this week that would require companies to disclose what chemicals they use in oil and gas operations, and prohibit them from using so-called “forever chemicals” that can harm human health.
TCEQ Accepts Water from Mexico Under 1944 Treaty
At the direction of Governor Greg Abbott, the Texas Commission on Environmental Quality (TCEQ) has accepted an offer of San Juan River water from Mexico under the 1944 Water Treaty.
Much Needed Rain In PA!
Rain is in the forecast for SW PA, and the Marcellus frac guys are excited to see this as water withdrawals have been constrained by drought causing frac jobs to be delayed...
A West Texas lawmaker wants to redirect millions of tax dollars to plug abandoned wells, curb emissions
State Rep. Brooks Landgraf, an Odessa Republican, introduced a set of bills this week that would provide millions of dollars to the state to seal abandoned wells, which, in some instances, are causing massive blowouts of toxic liquid and creating pools of wastewater.
Permian Pulse - Laura Capper Breaks Down A UT BEG Study
Part of our Permian Pressure Pulse Series, in this video, we showcase research findings from the recent University of Texas BEG study that looked at Ground Surface Subsidence and Uplift from InSAR Satellie data and correlations with oilfield operations.
Permian Lateral Length Analysis
Long laterals are more important than ever in the Permian Basin, with 25% of Midland Basin wells and 8% of Delaware Basin wells reaching three miles (or longer). How are these long wells producing compared to shorter laterals?
Orphaned wells, water management and innovation: Craddick’s third term agenda
With a focus on tackling 9,000 more than orphaned oil and gas wells, Christi Craddick begins her third term with the Texas Railroad Commission.
Infinity Water Solutions unveils financing model for water sustainability projects
Companies are working hard to build projects to store, treat and recycle produced water. But finding the funds for those projects can be a significant challenge.
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