Tag: New Mexico

San Mateo sign agreement for Natural Gas gathering

Matador Resources Company announced that a wholly-owned subsidiary of its midstream joint venture, San Mateo Midstream, LLC, has entered into a long-term agreement with a producer in Eddy County, New Mexico, relating to the gathering and processing of such producer’s natural gas production.

Chevron acquires Delaware Basin Acreage

  Chevron Corporation has announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation.

Holly to develop Delaware Basin infrastructure

Holly Energy Partners (HEP) will undertake two expansion projects to provide 60,000 barrels per day of additional crude pipeline take-away capacity resulting from increased Delaware Basin drilling activity in southeast New Mexico. The first project will boost one of HEP's existing crude oil trunk lines from 35,000 BPD to 60,000 BPD.