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• US oil growth momentum is fading, but there's hope
  US oil production growth is expected to slow from last year's 1 million...
  US oil production growth is expected to slow from last year's 1 million barrels per day to just 170,000 bpd this year, signaling the slowest growth since 2016, excluding the pandemic years. Declining rig activity due to lower prices, capital discipline and dwindling inventories of drilled-but-uncompleted wells due to dealmaking are contributing to the anticipated deceleration, although some analysts remain optimistic about the potential for future growth through efficiency gains and the involvement of remaining and emerging private players.
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• U.S. stocks end lower as market looks to Fed speakers, Nvidia earnings
  U.S. stocks ended lower Tuesday as investors await earnings results from...
  U.S. stocks ended lower Tuesday as investors await earnings results from AI darling Nvidia on Wednesday, as well as new clues from Federal Reserve officials on interest rates after last week’s inflation data.
  
  The Dow Jones Industrial Average DJIA fell 64.19 points, or 0.2%, to end at 38,563.80.
  
  The S&P 500 SPX lost 30.1 points, or 0.6%, to finish at 4,975.51.
  
  The Nasdaq Composite COMP declined 144.87 points, or 0.9%, to close at 15,630.78.
  
  The U.S. stock market was closed on Monday for Presidents Day. Last week, the Dow fell 0.1%, the S&P 500 shed 0.4% and the technology-heavy Nasdaq Composite dropped 1.3%.
  
  [caption id="attachment_13515" align="aligncenter" width="646"] Sell Your Mineral Rights[/caption]
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• Calif. advances well stimulation permitting phase-out
  The California Department of Conservation's Geologic Energy Management Division has officially unveiled...
  The California Department of Conservation's Geologic Energy Management Division has officially unveiled a proposal to stop issuing permits for hydraulic fracturing and other well-stimulation treatments at onshore and offshore projects statewide. CalGEM is accepting public comments on the plan until March 27, with a public hearing scheduled for March 26.
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• N.M. legislators nix $100M wastewater purchase proposal
  The New Mexico Legislature has rejected a proposal to allocate $100 million...
  The New Mexico Legislature has rejected a proposal to allocate $100 million for purchasing produced water from oil and natural gas operations and brackish water from underground sources, which was part of Gov. Michelle Lujan Grisham's $500 million plan to establish a strategic water supply. Nevertheless, the state's environmental agency still plans to gather information on the matter and has set a March 31 deadline for responses.
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• Targa adds to Permian gas processing footprint
  Targa Resources last year started up its 275-MMcf/d Wildcat II natural...
  Targa Resources last year started up its 275-MMcf/d Wildcat II natural gas processing plant in the Permian Basin's Delaware portion and is advancing construction on several other projects. The company expects to launch its 230-MMcfd Roadrunner II plant in the Delaware Basin in the second quarter, while its 275-MMcfd Greenwood II plant in the Midland Basin and 275-MMcfd Bull Moose plant in the Delaware Basin are due to commence operations in the fourth quarter of 2024 and second quarter of 2025, respectively.
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