[headstamp 2]

Sell it to the CCP.

[Deaf Smith]

"231 square kilometers "

Or 89.06 sections= 89.06 square miles.

[Repeal The 17th]

The Permian Basin is a large sedimentary basin in the southwestern part of the United States.
The basin contains the Mid-Continent Oil Field province.
This sedimentary basin is located in western Texas and southeastern New Mexico.
It reaches from just south of Lubbock, past Midland and Odessa, south nearly to the Rio Grande River in southern West Central Texas, and extending westward into the southeastern part of New Mexico.
It is so named because it has one of the world's thickest deposits of rocks from the Permian geologic period.
The greater Permian Basin comprises several component basins; of these, the Midland Basin is the largest, Delaware Basin is the second largest, and Marfa Basin is the smallest.
The Permian Basin covers more than 86,000 square miles and extends across an area approximately 250 miles wide and 300 miles long.

[DesertRhino]

Why does an oil company sell off a property like that?

[Renfrew]

At current prices 10,000 barrels per day is $273 million per year in revenue. A price of $1 billion seems cheap for these assets.

[Jewbacca]

This is sheer stupidity caused by liberals on its board.

[piasa]

Who bought it? China?

[piasa]

New Mexico’s Oil Boom Is Under Threat
8/27/2019, 6:12:23 PM · by bananaman22 · 21 replies
Oilprice.com ^ | 27-08-2019 | Irina
New Mexico is home to part of the Permian play, the star of the shale industry and the place where oil production is growing at the fastest pace in the country. It is also the state whose new governor has one of the most ambitious emissions plans in the U.S. Governor Michelle Lujan Grisham took office with two climate-friendly pledges: to make New Mexico’s electricity emission-free by 2045, and to curb methane emissions from the oil and gas industry more substantially than they are being limited now. However, the oil industry is one of the biggest revenue contributors to the...

[LegendHasIt]

Shell did the same two weeks ago.

[grey_whiskers]

10% for the Big Guy?
Or just straight to Xi?

[inchworm]

The private drillers and operators are buying up assets from public companies with woke board members who favor energy transition.