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March 26, 2018

EIA Covers TRRC Blind Spot, Explains How and Why

March 26, 2018

Data published by state agencies, like the Texas Railroad Commission, are often incomplete when first published because of a combination of late reporting and processing delays, the EIA explained today as it compared TRRC and EIA data sets. TRRC’s most recent report (published March 2018, with estimates through December 2017) is consistent through January 2017 with production estimates in the

PetroShare Preps for April Frac at Shook Pad

March 26, 2018

DJ Basin focused PetroShare Corp. (ticker: PRHR) reported yearend proved reserves of approximately 7.9 MMBOE, a 25% increase over 2016 yearend proved reserves. The PV-10 value was about $59 million and the volume of the proved reserves is split 67% for oil/condensate and NGLs, and 33% for natural gas. President Frederick J. Witsell commented, “Our growth in proved reserves is

Lilis Energy’s Permian Takeaway Starts Operations, Production Now Beyond 5,000 BOEPD

March 26, 2018

Thanks to new takeaway capacity, company looks at additional growth in 2018 Permian E&P Lilis Energy, Inc. (ticker: LLEX) said its third-party operated midstream system has commenced operations. The company also said that its current production is exceeding 5,000 BOEPD (75% liquids) and continues to grow as the midstream system reaches maximum efficiency. Additional wells are currently in flowback. “Completing

U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico. wo New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county in January behind North Dakota’s McKenzie County - Oil & Gas 360

Delaware Basin Makes New Mexico the U.S.’s No. 3 Oil Producer

March 26, 2018

New Mexico is the nation’s third-largest oil producing state, thanks to the Delaware Basin: EIA From the Albuquerque Journal Battle Axe Road cuts smack through the heart of New Mexico’s side of the Delaware Basin, a previously marginal zone along the Texas border that is rapidly turning the state into a global player in the oil industry. Until recently, it

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