Hannah Grover/NM Political Report
Touting natural gas as a bridge fuel to help address global climate change, a study released by the Western States and Tribal Nations Natural Gas Initiative (WSTN) states that replacing coal-fired generation in several Asian countries with liquefied natural gas from Rocky Mountain states could reduce net life cycle emissions by 42 to 55 percent, which some groups dispute.
Jason Sandel, the chairman of WSTN, said Rocky Mountain natural gas is a “viable fuel for a fuel switch which will have a positive impact for emissions across the globe.”
This would be done by transporting the natural gas to a facility in the Baja California region of Mexico where it would be liquefied prior to transport to Asian countries.
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Exxon Mobil’s Shale Output per Well in Permian Basin Slips
Exxon Mobil’s average liquids output over a well s first 12 months fell in its Delaware Basin holdings in New Mexico, according to IHS Markit data compiled by the Institute for Energy Economics and Financial Analysis.
Jennifer Hiller, Reuters Your browser does not support the audio element.
Exxon Mobil Corp.’s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-19.
A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon Mobil holdings in the Permian Basin that spans west Texas and New Mexico. The Permian’s New Mexico portion is among Exxon Mobil’s priorities with a goal to boost shale output to 700,000 bbl/d by 2025.
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UPDATE 1-Exxon s shale output per well slips as total production rises -report Reuters 1 hr ago Shale acreage doubled with plan to sharply increase oil output (Adds Exxon comment)
By Jennifer Hiller
HOUSTON, June 9 (Reuters) - Exxon Mobil Corp s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-2019.
A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon holdings in the Permian Basin that spans west Texas and New Mexico. The Permian s New Mexico portion is among Exxon s priorities with a goal to boost shale output to 700,000 bpd by 2025.
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