Midland Basin


All posts for Midland Basin

Massive revenue shortfall in new state forecasts

The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...

Will Fine


Posted 3 months agoLink > Santa FeSANTAFENewMexico +58

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 3 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 3 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

OPEC, Russia tentatively agree to production cuts

OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...

Will Fine


Posted 3 months agoLink > OPECG20Non-OPEC +54

Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 4 months agoLink > oil and gas newsOil Industry Newsoil news +35

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 4 months agoOpinion > RussiaRussian marketOPEC +85

Major slowdown expected in U.S. shale oil production

Last in a five-part series: Behind the BoomThe shale-oil tsunami that has flooded New Mexico with a wave of petro dollars in recent years may be receding somewhat as U.S. production faces its first significant decline since the gushers began nearly eight years ago. Signs of trouble are showing up ...

Will Fine


Posted 7 months agoLink > Mancos ShaleColorado ShaleMarcellus Shale +51

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 1 year agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

This Oil Stock Is 'At Last Ready to Make Big Gains'

Source: Clive Maund for Streetwise Reports   (4/23/18) Contributed Opintion: Technical analyst Clive Maund charts an oil company that has announced it will sell off one of its assets. Torchlight Energy Resources Inc. (TRCH:NASDAQ) has been a boring and frustrating investment for shareholders ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Streetwise ReportsOilStocks +4

NES Global Talent Expands Recruitment Presence to Midland, Texas

NES Global Talent Expands Recruitment Presence to Midland, Texas New location places NES at the center of Permian Basin Employment Activity March 22, 2018 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its speciali ...

Kristen Quinn


Posted 2 years agoPress > Midland BasinPermian BasinPermian +4

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 2 years agoOpinion > Donald TrumpPresident TrumpTrump +68

ExxonMobil Continues to Increase Acreage Position in Permian Basin

IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM) today announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, th ...

OilVoice Press - OilVoice


Posted 2 years agoPress > ExxonMobilPermian BasinNYSE +2

Dr. Daniel Fine is a nice addition | Roswell Daily Record

The recent article by Dr. Daniel Fine in the guest column of your Wednesday edition concerning the impacts of Saudi Arabian-led dismantlement of our lively domestic energy business via flooding the market with underpriced foreign crude from numerous Middle Eastern national oil companies along with ...

Will Fine


Posted 3 years agoLink > Saudi AramcoSaudi ArabiaKingdom of Saudi Arabia +25

NES Sure Flow expand in to Midland, USA

Celebrating 25 years of serving the Oil & Gas industry, NES Sure Flow is pleased to announce a new investment in opening an office in Midland, Texas. This development follows closely behind recent indications from many of our clients who are increasingly more confident in their outlooks for 2017/18, ...

Oliver Fitzpatrick


Posted 3 years agoPress > TexasMidland BasinRecruiting +1

Energy Hunter Resources Agrees To Acquire Midland Basin Properties

Energy Hunter Resources, Inc., an exploration and production company with a balanced portfolio of oil and natural gas properties headquartered in Dallas, Texas, announced today that it has agreed to acquire an undivided ownership interest in certain oil producing properties located in Reagan County ...

Katie Woodward - OilVoice


Posted 3 years agoPress > Energy Hunter ResourcesMidland BasinAcquisition +2