Delaware Basin


All posts for Delaware Basin

Increasing Natural Gas Trade Between the U.S and Mexico

U.S. companies began exporting natural gas to Mexico via pipeline in 1988, and exports have increased significantly as the shale revolution in the U.S. produced affordable, abundant natural gas for consumers in the U.S., Mexico, and around the world.REF Liquefied natural gas (LNG)—which is transpo ...

Will Fine


Posted 1 month agoLink > MexicoNew MexicoGovernor of New Mexico +44

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 2 months agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 6 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 8 months agoOpinion > OPECNon-OPECNOPEC +91

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 8 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Carrizo Oil & Gas Announces Closing of Devon Acquisition and Conditional Full Redemption of 7.50% Senior Notes Due 2020

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO)  has announced that it has closed the previously-announced acquisition of Delaware Basin assets from Devon Energy Production Company, L.P. (“Devon”), a subsidiary of Devon Energy Corporation. Separately, on October 18, 2018, Carrizo delivered a notice to the ...

OilVoice Press - OilVoice


Posted 10 months agoPress > Carrizo Oil & GasDevon AcquisitionNasdaq +4

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 11 months agoOpinion > United StatesMiddle EastPermian +69

Fairfield Geotechnologies Embarks on Quail Ridge East Survey

From the northernmost Delaware Basin to the Northwest Shelf   HOUSTON, TEXAS 24 August 2018 — Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico.  Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies' data portfolio i ...

OilVoice Press - OilVoice


Posted 1 year agoPress > TexasUnited StatesNew Mexico +5

Carrizo Oil & Gas Announces Delaware Basin Acquisition

HOUSTON--(BUSINESS WIRE)-- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it has agreed to acquire Delaware Basin properties from Devon Energy Corporation (Devon) for $215 million in cash, subject to customary closing adjustments. Subject to market conditions, the Company plans to fu ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Carrizo Oil & GasNasdaqDelaware Basin +2

Fairfield Geotechnologies' San Simon Project

Fairfield Geotechnologies Expands Permian Data Coverage New San Simon survey to begin in Northern Delaware Basin   HOUSTON, TEXAS 8 August 2018 — Fairfield Geotechnologies announces another multi-client project in Lea County, New Mexico.  The 145 square mile San Simon 3D survey, one of three ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Fairfield GeotechnologiesSan Simon ProjectPermian +4

Fairfield Geotechnologies Wins Two Processing Contracts

Accelerated processing thanks to new cloud-based computing HOUSTON, TEXAS 31 July 2018 —Fairfield Geotechnologies proudly announces that it has been awarded two significant processing projects in core areas. The first project, scheduled for November, 2018 delivery, is 67 OCS blocks of reverse ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Fairfield GeotechnologiesContractUnited States +3

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 1 year agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

Concho's Acquisition of RSP Creates New Opportunities for Greater Efficiency

Map of Concho Resources and RSP Permian's Currently Producing Wells Sources: Kayrros Analysis, Texas RRC, New Mexico OCD New synergies arise through combining the two companies' acreage and technology Concho Resources ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ConchoConcho ResourcesRSP +5