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DripAG08
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In reply to Comeby! • 6:11p, 1/20/21
AG
Comeby! said:
AustinAg008 said:
DAPL is toast.

Biden also going to put the screws to SE New Mexico in the near future.

What does this mean for the Delaware basin development drilling plans? BLM will shut it down? There are several companies operating in that region.


Similar to the Gulf Moratorium after Macondo, he can pause all new completions on Federal land for a "study" if he really wanted to. The northern Delaware BLM I bet becomes a pain, but likely more of a down the road issue for SENM.
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BMach
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In reply to cajunaggie08 • 7:15p, 1/20/21
AG
I was just down there last week. They are sitting at Kepple now
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Cyp0111
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In reply to DripAG08 • 8:31p, 1/20/21
I think the likely outcome will be pausing new permits in certain areas.
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topher06
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1:29p, 1/21/21
Anyone able to find where this memo is published?

https://www.reuters.com/article/us-usa-drilling-interior/biden-administration-suspends-federal-oil-and-gas-permitting-idUSKBN29Q2N1?il=0
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BrokeAssAggie
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In reply to topher06 • 1:35p, 1/21/21
topher06 said:
Anyone able to find where this memo is published?

https://www.reuters.com/article/us-usa-drilling-interior/biden-administration-suspends-federal-oil-and-gas-permitting-idUSKBN29Q2N1?il=0
agree. I would like to read the actual order.
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Cyp0111
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1:41p, 1/21/21
New permits and leasing it appears
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topher06
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In reply to Cyp0111 • 1:49p, 1/21/21
Cyp0111 said:
New permits and leasing it appears
Right, but really want to see the memo. Does this apply to rights of way or communitization agreements, which are typically issued much closer to actual drilling? Does it apply for sundries to make modifications to drilling plans, which I imagine happen frequently up to right before drilling?

If it is literally just new APDs, I'm sure everyone will survive.
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Cyp0111
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In reply to topher06 • 1:51p, 1/21/21
Noted and agree.
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GarlandAg2012
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1:58p, 1/21/21
AG
Possibly Sec. 4 of this EO?

https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/20/executive-order-protecting-public-health-and-environment-and-restoring-science-to-tackle-climate-crisis/
the_batman26: I guess yall need this, its something to take pride in. At least the Feds trusted us with the Space Center; and I seem to recall the Feds not having the best time in Dallas.
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topher06
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3:02p, 1/21/21
It's very comprehensive and very bad. Looks like the advance permitting everyone did knowing that Biden was lying about not trying to kill oil and gas won't be enough, unless you were also fortunate enough to not need to change anything and obtained all rights-of-way and communitizations/unitizations in advance too. Also better hope your local environmental BLM people got around to finishing the EAs, cause now they won't be able to do anything.

https://www.doi.gov/sites/doi.gov/files/elips/documents/so-3395-signed.pdf
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CaptnCarl
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3:26p, 1/21/21
AG
Maybe I have a bit of an optimistic view on this, but oil demand doesn't need access to the reservoirs on BLM land in the next four years anyways.

Won't this really drive up the cost of oil due to reducing available supply, albeit at the expense of those producers invested in federal land areas?

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txaggie_08
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In reply to CaptnCarl • 3:29p, 1/21/21
AG
CaptnCarl said:
Maybe I have a bit of an optimistic view on this, but oil demand doesn't need access to the reservoirs on BLM land in the next four years anyways.

Won't this really drive up the cost of oil due to reducing available supply, albeit at the expense of those producers invested in federal land areas?


Yes, it will potentially help the supply/price of oil, while also hurting those Delaware Basin producers. How much it hurts them will depend on how much non-federal inventory they have.
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BrokeAssAggie
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3:34p, 1/21/21
Also includes the GOM
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LRHF
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3:36p, 1/21/21
AG
So much for ****ing unity, didn't make it 24 hours!
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topher06
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In reply to txaggie_08 • 3:38p, 1/21/21
txaggie_08 said:
CaptnCarl said:
Maybe I have a bit of an optimistic view on this, but oil demand doesn't need access to the reservoirs on BLM land in the next four years anyways.

Won't this really drive up the cost of oil due to reducing available supply, albeit at the expense of those producers invested in federal land areas?


Yes, it will potentially help the supply/price of oil, while also hurting those Delaware Basin producers. How much it hurts them will depend on how much non-federal inventory they have.
Until the State of New Mexico decides they need to "lead" again, and follows suit.
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Cyp0111
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3:39p, 1/21/21
It's all federal. GOM, Wyoming, Alaska and Delaware. I imagine the 60 day provision is to put in place new, more expensive and prohibitive provisions. This is going to turn into one heck of a legal battle if it drags on, specific to voiding of economic value of leases
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CaptnCarl
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3:44p, 1/21/21
AG
I'm not a land guy, but my understanding is state land in NM can be more difficult/lengthy to acquire permits than federal.

From many of the producers I've dealt with in northern Delaware, the state/federal lands were always floating around in the drill schedule. Hopefully most of them have addressed have that flexibility with private lands on the batting lineup.
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txaggie_08
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In reply to Cyp0111 • 3:45p, 1/21/21
AG
Cyp0111 said:
It's all federal. GOM, Wyoming, Alaska and Delaware. I imagine the 60 day provision is to put in place new, more expensive and prohibitive provisions. This is going to turn into one heck of a legal battle if it drags on, specific to voiding of economic value of leases

Sorry, yes, it's all Federal. I was just selfishly focusing on Permian because I'm directly tied to it.
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BrokeAssAggie
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In reply to CaptnCarl • 3:48p, 1/21/21
CaptnCarl said:
I'm not a land guy, but my understanding is state land in NM can be more difficult/lengthy to acquire permits than federal.

From many of the producers I've dealt with in northern Delaware, the state/federal lands were always floating around in the drill schedule. Hopefully most of them have addressed have that flexibility with private lands on the batting lineup.

In NM, if the lateral penetrates any BLM land the APD has to get approved by BLM first, which can take months to years. If the well only includes state and/or private land you just have to go through the NMOCD. They have been approving permits within a few weeks.
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Fredd
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3:52p, 1/21/21
AG
Doesn't the state receive half of the royalties on federal lands?

If I were New Mexico I would be extremely concerned about replacing this growing source of income
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BrokeAssAggie
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In reply to Fredd • 4:14p, 1/21/21
Fredd said:
Doesn't the state receive half of the royalties on federal lands?

If I were New Mexico I would be extremely concerned about replacing this growing source of income
I don't think so unless it comes directly from the feds. We pay our revenue to the BLM.
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MAROON
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In reply to Fredd • 4:27p, 1/21/21
AG
Fredd said:
Doesn't the state receive half of the royalties on federal lands?

If I were New Mexico I would be extremely concerned about replacing this growing source of income
New Mexico voters get exactly what they deserve. What a weird ****ed up state.
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topher06
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In reply to BrokeAssAggie • 5:27p, 1/21/21
You pay to Onrr, but there is a revenue share in every state. In New Mexico, that is 50%. New Mexico is going to be ****ed if this doesn't end after 60 days, and even worse if activist land commission Garcia Richard follows suit.
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BrokeAssAggie
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In reply to topher06 • 5:30p, 1/21/21
Gotcha. Yes, hopefully this is Biden pandering to the activists and after 60 days it's somewhat back to normal.
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LRHF
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In reply to BrokeAssAggie • 5:33p, 1/21/21
AG
CrazyRichAggie said:
Gotcha. Yes, hopefully this is Biden pandering to the activists and after 60 days it's somewhat back to normal.


Keep dreaming for more "Hope" and "Change"!
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BrokeAssAggie
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In reply to LRHF • 5:39p, 1/21/21
LRHF said:
CrazyRichAggie said:
Gotcha. Yes, hopefully this is Biden pandering to the activists and after 60 days it's somewhat back to normal.


Keep dreaming for more "Hope" and "Change"!
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Sporty Spice
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11:31p, 1/21/21
AG
Does anyone have a good map of the all the federal lands? And specifically, who has leased the federal acreage? I'm mostly curious which producers this will affect the most.
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Goose06
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In reply to Sporty Spice • 6:55a, 1/22/21
AG
This table is from a Truist research report put out yesterday:


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MavsAg
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In reply to Sporty Spice • 7:46a, 1/22/21
AG
I found these charts to be really helpful.
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Sporty Spice
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In reply to MavsAg • 8:43a, 1/22/21
AG
Very helpful. Thanks.
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cmiller00
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In reply to MavsAg • 10:02a, 1/22/21
AG
Where were those pulled from?
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Cyp0111
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In reply to cmiller00 • 10:30a, 1/22/21
Twitter. EFT guy had them
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MavsAg
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In reply to cmiller00 • 11:10a, 1/22/21
AG
Yeah. I saw the link posted on Twitter. If you go to the actual link the charts are interactive.
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cmiller00
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11:33a, 1/22/21
AG
Thanks.
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BrokeAssAggie
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3:20p, 1/22/21
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