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Permian Shale News

New Mexico lands more than $1 million in O&G leases

The state of New Mexico raised $1,085,820 in and oil and gas lease sale for 27 tracts of land—a mass totaling up to 7,268 acres, according to the Albuquerque Business Journal. Each of the tracts were leased with sealed bids reaching $828,820 and oral bids reaching $257,000. Santa Fe resident Doug J. Schutz placed the highest sealed bid for $144,000 ...

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And the Texans’ quarterback is…

Experience, good decision-making and a low practice-interception at training camp helped Brian Hoyer dominate over his competitor Ryan Mallett for the title of the Texan’s quarterback. The Texans signed Hoyer on with a $10.5 million contract with a $4.75 million guarantee, the Houston Chronicle reports. Hoyer, a former Cleveland Browns QB, boasts 19 touchdowns, 19 interceptions and a 76.8 presser ...

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Target Logistics contracted for Permian work lodge

A new major project is underway in West Texas for workforce housing firm Target Logistics. Earlier today, the company announced that construction will begin immediately on a housing facility for “one of the world’s largest” oil and gas exploration and production companies. The announcement did not specifically name the company, but said occupancy should be available by early 2016. “We ...

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Downturn brings spike in oilfield crime

The crew from Liberty Fishing and Rental Tools returned to a well near Snyder last week and noticed they’d been hit. The tires had been stolen off a trailer they use to for their work freeing equipment stuck in a wellbore. President and co-owner Monnie Sparkman said the tires would cost about $1,500 to replace — “not that big of ...

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Amid push to cut coal, feds review mine lease program

The Department of the Interior is leasing millions of acres of federal coal to private mining companies even as the Obama administration ramps up efforts to curb greenhouse gases from coal-burning power plants and natural gas pipelines under the president’s Climate Action Plan. To environmentalists and some Navajo activists living near coal mines in New Mexico, the disconnect between leasing ...

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Navajo Nation confiscates water tanks after mine spill

FARMINGTON — Navajo Nation President Russell Begaye on Wednesday ordered tribal police to confiscate water tanks delivered to Shiprock that were intended to hold water that residents could use to irrigate crops and water livestock. Tribal officials were concerned about what they said was contamination in the tanks. The tanks were needed after more than 3 million gallons of toxic ...

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