The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year in Austin. These biennial sessions are limited to 140 days. The governor has the authority to call special sessions as necessary, which cannot exceed 30 days. The 88th Texas Legislature is set to […]
Interpreting Force Majeure
Recently the Texas Supreme Court heard oral arguments in a case titled Point Energy Partners Permian, LLC, et al., v. MRC Permian Company, which is a review of an El Paso Court of Appeals’ decision regarding the interpretation of the force majeure clause contained in the litigants’ lease. The underlying facts are as follows: MRC […]
Water Recycling Pipeline Promises Multiple Benefits
XRI Holdings, LLC, a water recycling company in the Permian Basin, announced Dec. 1 they have commenced construction of their Evolution Pipeline System. The system is a purpose-built large-scale, multi-producer water recycling and produced water infrastructure network connecting XRI’s existing pipeline infrastructure system in Midland County to its significant infrastructure footprint located in Reagan and […]
Wood-Mac Launches New Tool
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, announced in November their launch of Lens Gas and LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale. As the newest addition to Wood Mackenzie’s Lens data analytics platform, Lens […]
Long Term Outlook for the U.S. Economy
by Dr. M. Ray Perryman Gazing out over the next few decades, I see at least three major challenges confronting the U.S. economy. First, we have to overcome the consequences of the lingering effects of the pandemic, including getting inflation under control, dealing with the inevitable fallout that effort will involve, and working through ongoing supply […]
O&G Contracts Decline Globally
The overall number of contracts in the oil and gas industry declined by 7 percent in Q3 2022, decreasing from 1,662 in Q2 2022 to 1,542 in Q3 2022, according to GlobalData, a data and analytics company. According to GlobalData’s latest report, “Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded […]
Reasons to Audit for Pipeline Leak Detection
by Maximilian Ihring, Krohne Solutions Ensuring the continuing effectiveness of leak detection systems (LDS) is of paramount importance for pipeline operators in order to meet tightening safety and environmental regulations and to minimize the potential risks of catastrophic events. The updates of 49 CFR 195 require pipeline operators to evaluate the capability of their leak […]
ETRM Challenges
By Donald Barnhart and Katie-Rose Herd What’s so hard about evolving into a more active, nimble, and sophisticated commodity trading organization that relies on a robust Energy Trading and Risk Management (ETRM) system? (Energy trading and risk management [ETRM] systems involve commercial decision making and market execution using an integrated system that enables data exchanges among […]
Business Sentiment Trending… Flat
Global business sentiment remained flat during Q3 2022 but declined by 2 percent year-on-year (YoY), with companies across industries experiencing slow growth due to softening demand, geopolitical uncertainties, and economic volatility, revealed GlobalData, a data and analytics company. According to GlobalData’s “Company Filings Analytics – Trends and Signals Q3 2022” report, “Inflation,” “Shortages,” and “Supply Chain” […]
Oil and Gas Analytics Market To Grow Steeply Next 10 Years
The global oil and gas analytics market is anticipated to garner $50 billion while expanding at a cumulative annual growth rate (CAGR) of 22.6 percent between now and 2032, according to Future Market Insights. The market is estimated currently at $6.5 billion in 2022. A paradigm shift toward the search for mature oil fields along with the […]
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