san juan basin oil and gas news
Welcome. “That absolutely would impact us in a positive way.”.

They could also reduce the risk that companies might just walk away, leaving their abandoned wells to fester, which would help people like Schreiber. 1.800.427.5747 The newly reconfigured three-member commission reflects the change in administrations to new Democrat Gov. "If the revenue stays exactly as we've anticipated and budgeted for this fiscal year, that would leave us with a $4.6 million shortfall for 2022," Stark told the assembled commissioners as he pulled up financial records onto a screen. You have 3 free articles remaining. each comment to let us know of abusive posts. And he worries what might happen to them in the coming years as the industry moves on. Jerry's father, Jerome P. McHugh, Sr. worked in Oklahoma in 1950's and worked first hand in a new oil and gas technology called hydraulic fracturing.

“Over the history of New Mexico natural gas, the San Juan Basin was the majority producer. The November 2020 bidweek average also was considerably higher…. Those like Sage, who have spent their life on the lands where fracking has become widespread, point at everyday health and security risks that come with having drilling operations nearby.

We'd love to hear eyewitness In 2014, the BLM's Farmington field office approved more than 200 applications for permits to drill, or APDs. He meets with associates and reviews issues such as split-estates, environmental issues, and gas marketing forecasts. Some residents have complained of headaches and other health issues, caused by breathing in methane. Search for San Juan County, NM oil and gas operators by operator name or browse by county to find the operator you're looking for. Letters will be edited for space and clarity. As September 2020 began, that number had dropped to 28. Be Truthful. Be Proactive. But Schreiber said the bonds are "wholly inadequate." After ConocoPhillips sold off its assets in the basin, the Oklahoma-based WPX Energy left to focus on plays in the Bakken and Permian basins. Covid-19 is making health concerns more prescient. But with advances in horizontal drilling and hydraulic fracturing, companies started showing renewed interest in the basin. “The nuisance, the noise, the pollution, all of that was still very strong, even though the price (of gas) was down, still very intrusive and very much part of your daily life, until a month ago, when the virus hit,” he said. McHugh Sr. worked on these wells as a wellsite geologist and authored this  Oil & Gas Journal March 7, 1955 article. New Mexico regulators said Tuesday they plan to reevaluate recently granted approvals that would allow Houston-based Hilcorp Energy Co. to increase San Juan Basin oil and gas development. The Oil Conservation Commission (OCC) has scheduled a review for early May. It donated money to 4-H and the hospital; it pitched in to build Little League fields and the first nine holes of the local golf course.

“The biggest thing that we’re hearing now is not hearing the well blowing and the compressor running and the oil field circus coming down the road,” he said. FARMINGTON — In the last decade, large oil and gas companies have moved out of the San Juan Basin and been replaced by smaller, more focused producers. The changes, she said, "help operators buffer themselves" when prices are low. Sunshine and clouds mixed. "Other parts of the country were seeing booms, certainly the Bakken and Marcellus, [because of] the evolution of this technology," Eisenfeld said, referring to the Bakken Shale Play in Montana, North Dakota and Canada, and the Marcellus Formation in the Eastern United States. Merrion said he’s even looking to acquire cheaply priced oil and gas assets, hoping to start producing in those areas as prices rise. “It would be a revenue revival of gas receipts and royalty to the state,” said Fine, who was a research associate at MIT and a project leader in new energy policy for the state of New Mexico from 2013-16. And if that's the case, he said, companies aren't going to drill new wells in the Four Corners.

McHugh Sr. worked for Keener Oil in Tulsa as his first job out of college.

After ConocoPhillips sold off its assets in the basin, the Oklahoma-based WPX Energy left to focus on plays in the Bakken and Permian basins. The plan would expand drilling into some of northern New Mexico’s last available public lands, threatening the desecration of sacred Native artefacts near Chaco Canyon while bringing in a swath of new public health risks to a place that’s already reeling from one of the worst Covid-19 outbreaks in the world. (2009) Photo of sound walls employed to reduce the sound to surrounding neighborhoods and people. That same year, Encana Oil and Gas left, too, followed in 2019 by Harvest Oil & Gas and BP American Production, which divested from the San Juan Basin and put that money toward other parts of the U.S. This spring, with the onset of the novel coronavirus, the state also issued a new guidance for companies with wells that aren't economically viable. But the big economic hit the state is bracing for, given its heavy reliance on oil and gas revenue that this year will not roll in, could lead to serious questions about more sustainable sources of revenue. Help keep local journalism fighting for you. After the pandemic began, Native organizers pleaded with BLM for weeks to extend a public comment period. But there's no escaping the hand of industry: About 122 wells sit on and adjacent to their ranch. Recovery typically follows. “It sounded like a pop and then a whoosh, like gas going into a hot air balloon,” Nageezi resident Ida Begay told the Navajo Times. The OCC granted a rehearing when GOP Gov. Sarp Ozkan, director of energy analysis at Enverus Market Intelligence, an energy industry data and software company, said a natural gas shortage is in the cards not just because supply will drop, but also because the pandemic affected demand for natural gas less than it did demand for oil. Right now, there are over 30,000 wells in the San Juan Basin, but only about 20,000 remain active. Local communities and environmentalists resisted the new development—especially when the federal government began approving leases for exploratory wells near archaeological and sacred sites, such as Chaco Culture National Historical Park. New Mexico Archaeologists estimate there are Native artefacts throughout much of the 7,500-sq-mile San Juan Basin, some of them probably buried underground and at risk from drilling. They say at least 90% of public lands in northern New Mexico are already leased for oil and gas drilling.

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But New Mexico has another longstanding oil and gas-producing region up in its northwestern corner: The San Juan Basin. "It's all the same assets," Schreiber said of the wells and pipelines that get bought and sold.

Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced that it has entered into a definitive agreement to sell all of its interests in the San Juan Basin in New Mexico and Colorado to an undisclosed buyer for $42.8 million (subject to purchase price adjustments).

Can we approach it as if we were going to make the best of all the resources and get the state back on an economic footing in a sustainable manner? No racism, sexism or any sort of -ism "El Paso was still one of the most destructive forces of industry in the history of the world," Schreiber said. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. "Instead of just sitting there, trying to take out that last drop of oil or last poof of gas.". For the first time in 20 years, on April 22, Don and Jane Schreiber saw a wild turkey in their front yard. Leaders could have put people to work on new technologies, rather than fighting federal and then state attempts at regulating methane emissions from the oil and gas industry. Hilcorp has more than 5,000 active wells and 54% of its assets centered in the San Juan, where the Blanco-Mesaverde is its primary development. The BLM and the state of New Mexico require companies to secure bonds to guarantee they'll comply with regulations, including safely plugging wells once they're no longer producing. The region's economy has already been hit hard in recent years—by the retirement of units at the Four Corners Power Plant and the San Juan Generating Station, decreased property taxes and job losses in the natural gas industry over the course of roughly 10 years. Julia Bernal said the sites are more than historic artefacts. Families living in rural areas south-west of Counselor, New Mexico, were telling him they saw sickly bull snakes and near-death rattlers above ground during the snowy, winter months of the south.

Freeman sees prices rising to $3.50, while Ozkan believes they could surpass $4. Adrienne Sandoval, director of New Mexico's Oil Conservation Division, agreed that the downturn comes with certain risks. Most important is to be able to operate all the wells he already has, he said. Drilling and production slowed in the San Juan as it became less profitable for companies to operate there and major energy companies like BP and ConocoPhillips left the area, pursuing more oil production in the Permian instead. The Anasazi Hisatsinom ancestral Pueblo site, at Chaco culture national historical park, Chaco Canyon, Nageezi, New Mexico. That could help revitalize a part of the state that has been devastated by persistently low gas prices, the shuttering of power plants and now the COVID-19 outbreak. Two years ago, the state Legislature increased the amount companies must set aside when bonding inactive wells and single wells. None of this is new for the Four Corners, a resource-rich area that comprises parts of New Mexico, Colorado, Arizona and Utah. He maintains ties with national associations on these matters and participates in their positions with his experience and knowledge. DJR Energy is a private upstream oil and gas company which has used technical expertise and strong financial partnerships to build a premier operated position in the San Juan Basin, New Mexico. Merrion would know times are exceptionally difficult — his father drilled his company’s first well 60 years ago, and the firm has stayed in family hands, navigating the swings of the energy markets, ever since. “As much as our dreams and hopes and retirement money and blood, sweat and tears were wrapped up in trying to improve the rangeland, we had to say, ‘Will we do more good by continuing to take these incremental steps to improve the rangeland, or will we do more good by getting that well location moved, stopped?’” Don Schreiber said. Industry was already pulling out, the climate was warming and changes were necessary. He was a correspondent for Bloomberg News in Mexico City, a regular contributor for TIME in California, and produced the video series Bravery Tapes. As the fossil fuel economy craters in northwestern New Mexico, will departing drillers clean up after themselves? As producers flocked to the Permian, oil production there skyrocketed and gas output spiked with it, dwarfing the output in the San Juan region. This revised CD-ROM summarizes the results, released in 1995, of the 3-year study of the oil and gas resources of the onshore and state waters of the United States. For the first time in 20 years, on April 22, Don and Jane Schreiber saw a wild turkey in their front yard. person will not be tolerated.

There is currently no clear transition away from dependence on oil and gas money for state and local revenue. But there are some 250 outlying sites spread throughout north-west New Mexico, said Michelle Turner, an archaeologist studying the region. But then came the Great Recession, and prices fell sharply. Don Schreiber said the state needs to seek out other industries that will protect the San Juan Basin and the communities around it.

People living in homes with dirt floors told him they had felt vibrations from the ground late at night, from 2 to 4am. The last oil and gas assessment for the province was in 1995. Below Atencio’s grandma’s land and much of north-west New Mexico sits the San Juan Basin, a 75m-year-old geological formation that is a major natural gas and oil field.

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