In its Annual Energy Outlook 2023, the U.S. Energy Information Administration (EIA) projects that U.S. natural gas production will increase 15 percent and liquefied natural gas (LNG) exports will increase 152 percent between 2022 and 2050. They expect natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. Production growth is largely […]
Technologies Provider Opens New Midland Outlet
Intelligent Wellhead Systems, Inc. (IWS), a supplier of digital control technologies for improving oil and gas well completion operations, recently opened a new base of operations in Midland. Officials for the company said that rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics, and a full-service […]
Determination, Delays, and a Dose of Drama
by Julie Anderson If the Regular Session of the 88th Texas Legislature were to be summarized in bullet points, here’s how it might read: Texas Comptroller Glenn Hegar projects a $32.7 billion surplus, giving lawmakers a spending cushion prior to the 140-day session. On Jan. 10, Texas Secretary of State Jane Nelson convenes the 88th […]
Stallion Gets Re-branded
Stallion Oilfield Services announced in April its rebranding as Stallion Infrastructure Services. As a provider of workforce accommodations for the oil and gas industry, the company has made it clear that while its name has changed, its level of commitment to the sector remains steadfast. In addition to the rebrand, Stallion Infrastructure Services will be […]
Geopolitics Tops O&G Themes for 2023
Geopolitics became a pivotal macroeconomic theme for the oil and gas industry from the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition […]
The Session Ends, But Challenges Remain
With the end of the Texas Legislative session taking place after the writing of this article, I can assure you that PBPA has worked diligently to provide oil and gas operators in the Permian Basin successes that would benefit them. One issue that became a lasting challenge throughout the session was the plain and simple […]
Navigating the AI Revolution
by Chuck Gallagher What is the hottest business topic this year? No, it’s not interest rates or an impending recession; it’s artificial intelligence. A recent survey indicated that 67 percent of IT professionals believe that generative AI will be a priority for their company within the next year and a half, despite ongoing concerns […]
Garrison Energy Holdings, new E&P company, launches in Midland
A new Midland-based exploration and production company has started with a $500 million line of equity financing from an unidentified institutional investor to pursue opportunities in Permian Basin. Garrison Energy Holdings will consider deals in Delaware and Midland basins, central basin platform and northwest shelf. Caleb Weatherl is CEO, and his father Steve is executive […]
U.S. rig count declines for fourth week while Permian, Texas counts increase
U.S. count of active drilling rigs fell for the fourth consecutive week, but the counts in Permian Basin and Texas reversed their three-week declines by adding rigs last week. Baker Hughes said as of May 26 there were 711 rigs in U.S., down 9 in the past week from 720 and down 44 in the […]
New Mexico BLM office conducts lease sale that nets $78.8 million
New Mexico field office of Bureau of Land Management conducted a lease sale last week on 45 parcels of land in Chaves, Eddy and Lea counties in New Mexico and Cheyenne County in Kansas on public lands managed by BLM field offices for Carlsbad, Roswell and Oklahoma. BLM said 37 parcels totaling 8,596.25 acres sold […]
- « Previous Page
- 1
- …
- 116
- 117
- 118
- 119
- 120
- …
- 366
- Next Page »