US oil and gas lease sale in New Mexico and Texas raises more than $4bn
The sale was conducted under the Working Families Tax Cuts Act, which reduced the federal royalty rate on new onshore oil and gas production.
22 May 2026
22 May 2026
The sale was conducted under the Working Families Tax Cuts Act, which reduced the federal royalty rate on new onshore oil and gas production.
The newly acquired land is strategically located in productive Delaware Basin areas, with exposure to nine or more prospective formations.
Wood was previously involved in the Bul Hanine project, having provided Pre-FEED and FEED services directly to QatarEnergy.
Oil and gas operations have well-established health and safety frameworks, but VR takes safety from theory to immersive practice, as industrial 3D and VR developer Amir Soleiman Esfandiari Allahgholi explains.
The parties intend to optimise resource development to sustain high production levels and unlock additional value.
Laboratories can now evaluate the Lyza 7000 FTIR spectrometer in their own environment through a new 70-day, no-cost, no-risk trial programme.
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