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GREG SORBER/JOURNALOil acreage roustabouts assignment on a oil rig south of Artesia on Tuesday, February 19, 2019.

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A new database of oil and gas acreage advice in the Permian Basin could advice companies array through the abundant acreage administration agencies of New Mexico attainable land.

Oseberg, an Oklahoma-based upstream oil and gas abstracts aggregation appear the advice Dec. 20, including abstracts from Eddy, Lea, Chaves and Roosevelt counties.

The database included annal from the federal Bureau of Acreage Management, New Mexico Accompaniment Acreage Office and the State’s Oil Conservation Division.

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“This awful admired abstracts from the New Mexico Oil Conservation Division (OCD) is acutely difficult to access, and alike harder to extract,” apprehend a account from Oseberg.

Deeds, leases, assignments, assessments and agreement and pooling numbers were included in the records.

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Records showed New Mexico has 5,400 aboveboard afar of federal land, forth with 3,800 afar of State-owned acreage and 3,600 aboveboard afar of fee mineral acreage.

The address additionally included 80,000 acreage charter annal from the canton clerks in the four southeast New Mexico counties, and 15,000 accompaniment and federal leases beyond the state.

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More than 120,000 celebrated and actively-producing oil and gas wells were additionally included in the data, forth with 5,000 fracking reports.

“Each buying blazon presents its own authoritative and acknowledged challenges that can be difficult to accumulate up with, abnormally if you want/need to assignment beyond a ‘mixed-ownership’ position,” apprehend a account from Oseberg.

“Understanding the nuances of the assorted requirements in this alloyed ambiance is analytical to accomplish in this state, and to account from the affluence of accessory advice that is available, but not readily accessible, from these authoritative filings.”

Houston-based Mountain Lion Oil partnered with Oseberg on the study, and President Griffin Haby said the activity will advice companies gluttonous to accomplish in New Mexico get a bigger compassionate for what acreage is attainable in developing operations.

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“In a deficient attainable abstracts environment, Oseberg is baron in New Mexico,” he said. “They accustomed us to assay accepted and approaching assembly in abnormal against hours. Very beholden we were included in the Beta testing and had a adventitious to get a jump on antagonism in the ability space.”

Oseberg Product Manager Cris Beyers said the dataset could advice operators acquisition mineral owners and actuate area best to accomplish in the Permian, by putting all of the area’s government acreage abstracts in one location.

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“This new dataset is already allowance our audience acquisition mineral owners, map pools by formation, cross through federal leases and communitizations and actuate alive absorption and cardinal royalties.” Beyers said.

“It’s a abundance accession of abstracts that has been difficult to acquisition all in one abode in the past.”

Director of Product Affluent Herrmann said the activity will advice abridge what can be difficult advice to understand, while additionally authoritative it added attainable to users.

“It’s not aloof about putting able-bodied locations and charter outlines on a map,” he said. “We are extracting affluent advice from baggy abstracts sources, authoritative ahead unsearchable abstracts searchable and accordingly useful. It’s a bold changer.”

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Adrian Hedden can be accomplished at 575-628-5516, [email protected] or @AdrianHedden on Twitter.

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©2019 the Carlsbad Current-Argus (Carlsbad, N.M.)

Visit the Carlsbad Current-Argus (Carlsbad, N.M.) at www.currentargus.com

Distributed by Tribune Content Agency, LLC.

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