By John de Viet, Solutions Development and Sales Support Manager at KROHNE With the skyrocketing cost of fuel, the impacts of any mistakes made while loading and unloading liquid natural gas (LNG) carriers is increasing. This makes it even more important for plant and instrumentation managers to have access to the most accurate measurement tools. New automated […]
Clays and Cookery Come ‘Round Again
It happens only once a year, and the date fast approaches. The Permian Basin Petroleum Association’s Sporting Clay Shoot and Pit King Challenge comes to Jake’s Clays in Midland, Texas, Aug. 11. The occasion features a morning clay shoot followed by a delicious BBQ pit cook-off lunch. This event affords a great way to meet fellow […]
The Permian Basin and National Security
Congressman August Pfluger addressed members of the Permian Basin Petroleum Association on June 27 in Midland, Texas, updating them on events in Washington, D.C., and emphasizing the strategic and economic importance of the Permian Basin to not just the nation but to world security and stability. These are his remarks, in full. To Ben, Steven […]
Fitch: New EPA Emissions Standards May Pressure Power Project Ratings
The U.S. Environmental Protection Agency’s (EPA) recently proposed guidance for limiting greenhouse gas emissions from coal and gas-fired power plants could result in material compliance costs and erode operating margins for power generators reliant on fossil fuels, according to Fitch Ratings. In May, the EPA proposed new carbon emissions restrictions that would require phased-in implementation […]
Debate Surges over… AI Hallucination?
The rise of generative artificial intelligence (AI) tools with large language models (LLM) such as ChatGPT, Bard, and Bing, has ignited a spirited discussion among Twitter and Reddit influencers. Dubbed the “AI hallucination debate,” it centers around concerns regarding the accuracy and reliability of information generated by these tools, fueling calls for ethical oversight and […]
Putting the Legislature in Perspective
The Texas Legislature adjourned the 88th Regular Session sine die on the afternoon of May 29, 2023. It only took a meager few hours before Governor Abbott called the first special session with the very specific directives to pass legislation (1) cutting the property tax rate solely by reducing the school district maximum compressed tax […]
NextDecade makes final investment decision for Rio Grande LNG export facility
Houston-based NextDecade said recently it has made positive final investment decision to construct the first three liquefaction trains at the company’s Rio Grande LNG export facility in Brownsville. The $18.4 billion project – the largest greenfield energy project financing in U.S. history – will have capacity of 27 metric tons per year. NextDecade said Rio […]
Freeport, Corpus 2 of top 4 shipping points, Netherlands top destination for LNG
U.S. exported 366.7 Bcf of LNG in May 2023, according to the latest LNG Monthly issued by U.S. Department of Energy in July. That’s an increase of 4.4 percent from May 2022 and a decrease of 1.4 percent from April 2023. Netherlands was the top country of destination at 64.5 Bcf followed by France at […]
Matador reports record production in 2Q, including Lea County, N.M.
Dallas-based Matador Resources this week reported record production during second quarter of more than 130,000 boed. It was 3 percent above expectation of 126,500 boed and 23 percent better than first quarter production of 106,654 boed. Matador attributed the record production to the performance of its Rodney Robinson leasehold wells in Lea County, N.M., in […]
Rig count falls in Permian Basin for ninth time in last 12 weeks to 333
The count of active oil and gas drilling rigs in Permian Basin fell again last week for the ninth time in the last 12 weeks. According to the July 21 report from Baker Hughes, there are 333 rigs in Permian Basin (down 4 in the past week, down 16 from a year ago). Since adding […]
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