As AI helps E&Ps make sense of the torrent of data coming from today’s oil field, there are two areas in which SparkCognition SVP Energy and Sustainability Phillippe Hervé finds extremely significant. One is in drilling optimization, “Which is very, very possible, and we do it with excellent results,” he says. Drilling faster, better, and […]
Christian, Strawbridge, author Epstein among TAEP speakers
Texas Alliance of Energy Producers will conduct its annual conference Sept. 14-15 in Fort Worth. Speakers will include Wayne Christian, chairman of the Railroad Commission of Texas; Sean Strawbridge, CEO of the Port of Corpus Christi; Kaes Van’t Hof, president and CFO of Diamondback Energy; and Anne Bradbury, CEO of American Exploration and Production Council. […]
Brigham Minerals acquires interests in Martin, Midland counties
Austin-based Brigham Minerals said last week it agreed to purchase certain mineral and royalty interests in Midland Basin from funds managed by Avant Natural Resources and affiliates for $132.5 million. Acquisition includes 3,900 net royalty acres in Martin and Midland counties with 2023 estimated production of 750 to 950 boed (60 percent oil). Operators include […]
Permian reverses rig count decline, but posts first monthly decline in 2 years
Permian Basin added drilling rigs in the past week to reverse a three-week decline, but still the basin rig count declined in the past month for the first time in two years. Baker Hughes said as of Aug. 26 there were 348 rigs in Permian – up 3 in previous week, up 99 in past […]
Magellan Midstream to expand Houston-to-El Paso pipeline system
Tulsa-based Magellan Midstream Partners said Monday it will expand its refined petroleum products pipeline system from Houston to El Paso to a new capacity of about 100,000 barrels per day by early 2024. The $125 million expansion will include construction of a new 30-mile pipeline along an existing route between Odessa and Crane with additional […]
Occidental extends JV with Ecopetrol through 2025 first quarter
Houston-based Occidental Petroleum said it will extend its joint venture in Permian Basin with Columbia’s Ecopetrol SA through first quarter of 2025. Ecopetrol will earn additional interest in the JV’s Delaware Basin assets. Vicki Hollub, president and CEO, said Aug. 3 the two companies will enhance their JV in Midland and Delaware basins to encompass […]
Occidental: Construction starts in Q3 on DAC plant in Ector County
Houston-based Occidental Petroleum and subsidiary 1PointFive said last week they will begin detailed engineering and construction for their first large-scale direct carbon capture plant in Ector County in 2022Q3 near Oxy acreage and infrastructure. Startup is expected in late 2024 of the world’s largest plant of its kind. The plant is expected initially to capture […]
OPINION: Energy at the Crossroads
By Jesse Mullins Will ESG win the day and welcome O&G into the Climate Change fold, converting O&G’s leadership into the Green Movement’s biggest cheerleaders? Or is the Energy Transition slipping a gear as the country barrels toward 2024… or 2030… or 2050… or whatever target date means most to the faithful. We opine. The words you […]
Pain at the Pump
by Dr. M. Ray Perryman The price of gasoline remains elevated, with the national average briefly surpassing $5 per gallon before retreating modestly. In parts of the country (particularly those distant from refineries), it’s already well above that level. Unfortunately, I think that prices will generally stay relatively high through the summer driving season before […]
Organizational Change in the Age of Disruption
by Donald Barnhart Business books and blogs today are filled with facts and theories about the unprecedented era of disruption. Businesses have been disrupted… remember the world before Apple, Napster, Google, Amazon, and Tesla? Employees have also been disrupted by the current business climate, the global pandemic, and recuperating from the “Great Resignation” of 2021, which […]
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