LandBridge Closes Deal for 5,800 Acres in New Mexico's Delaware Basin
LandBridge Co. announced that it has closed its acquisition of approximately...
LandBridge Co. announced that it has closed its acquisition of approximately 5,800 largely contiguous surface acres in Lea County, New Mexico, expanding into a new area of the Delaware Basin.
LandBridge said the land supports existing water infrastructure with the potential to distribute water supply into New Mexico by WaterBridge, LandBridge’s midstream water management affiliate.
The company recently announced its acquisition of approximately 46,000 largely contiguous surface acres in the Southern Delaware’s Wolf Bone Ranch for $245 million in cash.
Proposed Colo. rules target ozone pollution from O&G ops
The Colorado Air Quality Control Commission will weigh tighter controls...
The Colorado Air Quality Control Commission will weigh tighter controls on ozone precursors from oil and natural gas operations at a February hearing. The proposed rules would mandate the use of zero-emission pneumatic controllers and expand requirements for leak detection technology and data collection during early production.
Emerging basins attract smaller E&Ps as Permian fills up
As big players take hold of the Permian Basin's prime acreage, smaller...
As big players take hold of the Permian Basin's prime acreage, smaller E&P companies are chasing new opportunities in underexplored US oil plays such as Utah's Uinta Basin and Oklahoma's Cherokee oil window, according to Jefferies' Pete Bowden. At the same time, advanced drilling techniques are unlocking resources in underdeveloped Permian formations such as the Wolfcamp D, Barnett Shale and Woodford intervals.
As part of a deeply interconnected trading system among North American...
As part of a deeply interconnected trading system among North American countries, 83% of Mexico’s exports went to the US last year, and 75% of Canada’s exports did, per Business Insider. Here are just some goods getting shipped across the US border that would face steep tariffs, costs that American businesses would incur and likely pass along to American consumers.
Autos: Cars make up a big chunk of the $920 billion worth of goods the US buys yearly from Mexico and Canada, accounting for 26% and 12% of their US exports, respectively.
Gas: The stuff that fuels cars might also get pricier since Canada is the largest foreign supplier of oil to the US.
Fruits and veggies: Much produce in American supermarkets comes with a grown-in-Mexico sticker. The country is the No. 1 exporter of raspberries, tomatoes, strawberries, and avocados to the US, according to the University of California, Davis.
Meat and dairy: Canada sends millions of cows for dairy and beef and hogs across its southern border every year.
The negotiations begin now: Trump has a history of using tough tariff talk as leverage to wring concessions from other countries. In response to the threats, Mexican President Claudia Sheinbaum wrote a letter to Trump suggesting she would retaliate with tariffs of her own, while Canadian Prime Minister Justin Trudeau called Trump to discuss cooperation. China argued that “no one will win a trade war.”
Your Thanksgiving travel could be wet and cold. As...
Your Thanksgiving travel could be wet and cold. As a record ~80 million Americans begin their journeys for Thanksgiving, a bout of nasty weather is projected to hit multiple areas of the country over the extended holiday weekend. Today, a storm is forecast to dump heavy snow on mountainous areas of the West, while rain could drench Snoopy at the Macy’s Thanksgiving Day Parade in NYC on Thursday (the balloons will still fly as long as the wind cooperates). Then, an Arctic blast will hit the Midwest and Eastern US into the weekend with likely the coldest temps of the season so far. If you’re flying home with leftovers, the TSA wants you to know: Turkey and stuffing are OK to carry on a plane, but cranberry sauce and gravy are limited to 3.4 ounces.
Intel and the US government finalized a $7.9 billion grant from the CHIPS and Science Act that will help fund factory construction.
The cryptocurrency Tether is being used by organizations linked to Mexican drug cartels to launder tens of millions of dollars, 404 Media reported.
Russian cosmonauts entering the International Space Station on Saturday reported a bad smell, leading them to close the hatch. NASA’s Mission Control found air quality inside the ISS was at normal levels.
A batch of raw milk has been recalled in California after bird flu was detected in it. No illnesses linked to the milk have been recorded.
Blue Man Group said it would end its residencies in New York and Chicago early next year.
