News

Bakken, Permian Push U.S. To Record Gas Flaring Lows

Bakken, Permian Push U.S. To Record Gas Flaring Lows

Bojan Lepic, Rigzone | December 17th, 2021Onshore gas flaring in the U.S. nosedived in the third quarter of 2021, falling to its lowest level since at least 2012, Rystad Energy stated.

Read more

Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast

Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast

Matthew Veazey, Natural Gas Intelligence | December 17th, 2021Higher-than-expected oil and natural gas production, as well as stronger prices, are giving New Mexico’s coffers a boost, the state’s Legislative Finance Committee (LFC) recently reported.

Read more

Exxon Mobil to use satellites to detect methane emissions in Permian Basin

Exxon Mobil to use satellites to detect methane emissions in Permian Basin

Paul Takahashi, Houston Chronicle | December 13th, 2021Exxon Mobil plans to use satellites to detect methane leaks in the Permian Basin, the Texas oil giant's latest efforts to address greenhouse gas emissions and growing concerns over climate change.

Read more

Oil And Gas Industry To Spend $15 Billion On A Tech Transformation

Oil And Gas Industry To Spend $15 Billion On A Tech Transformation

Michael Kern, Oil Price | December 15th, 2021The oil and gas industry is set to spend $15.6 billion on digital transformation by the end of this decade to enhance cybersecurity, maintain safe operations, and create sustainable performance, technology intelligence firm ABI Research said in a new report on Wednesday.

Read more

Chevron seeks $30M in Eddy County bonds for solar farm south of Carlsbad

Chevron seeks $30M in Eddy County bonds for solar farm south of Carlsbad

Mike Smith, Carlsbad Current-Argus | December 14th, 2021Energy companies sought $30 million in industrial revenue bonds from Eddy County for a 20-megawatt solar project south of Carlsbad.

Read more

U.S. onshore gas flaring lowest since 2012 in Q3- Rystad Energy

U.S. onshore gas flaring lowest since 2012 in Q3- Rystad Energy

Kavya Guduru, Reuters | December 15th, 2021Dec 15 (Reuters) - U.S. onshore gas flaring dropped to its lowest since 2012 in the third quarter of 2021, led by declines in the Bakken and Permian basins, as more companies attempt to minimize the burning off of excess gas, consultancy Rystad Energy said on Wednesday.

Read more