Texas Independent Producers and Royalty Owners Association scheduled its summer conference August 24-25 in San Antonio.  Speakers will include EnerVest president and CEO Jud Walker, Texas attorney general Ken Paxton, U.S. House of Representatives members Tony Gonzales (R-Texas) and Vicente Gonzalez (D-Texas), and Marshall Adkins of Houston, managing director and head of energy investment banking […]

Abilene-based WolfePak Software, provider of business automation technology for the energy industry, last month changed its name to PakEnergy.  The company is a portfolio company of Charlesbank Technology Opportunities Fund.  PakEnergy provides cloud-based software for independent oil and gas upstream and midstream companies.  It serves more than 2,000 companies primarily in North America.

U.S. Energy Information Administration said Monday the U.S. became the world’s leading liquefied natural gas exporter in the first half of 2022.  EIA attributed the status to increases in LNG export capacity in Texas and Louisiana, growing demand in Europe, and higher global natural gas and LNG prices.  EIA said LNG export capacity grew by […]

For only the second time since January, the count of active oil and gas drilling rigs in Permian Basin declined in the previous week.  Baker Hughes said as of July 22 there were 349 rigs in Permian Basin (350 week ago, 242 year ago), 365 in Texas (unchanged in past week, 228 year ago), 109 […]

Oslo-based research firm Rystad Energy said Tuesday U.S. natural gas production is expected to reach a record high of 100 billion cubic feet per day “in the coming months.”  Rystad said production growth in major U.S. gas-producing basins Appalachia and Haynesville along with associated gas production in Permian will stretch the nation’s lead over Russia, […]

Count of active drilling rigs remained unchanged in the previous week in Permian Basin with 350 rigs (238 year ago), according to Baker Hughes, but Texas added 4 rigs.  As of July 15, there were 365 rigs in Texas (361 previous week, 222 previous year), 110 in New Mexico (112 previous week, 75 previous year) […]

Crude oil production in seven major regions of U.S. is forecast by U.S. Energy Information Administration to reach 9 million barrels a day in August.  In its drilling productivity report of July 18, EIA said production in seven regions will increase by 135,000 b/d from July to reach 9.068 million b/d in August.  Permian is […]

Houston-based investment firm Pickering Energy Partners said last week it will partner with investors and operators to acquire and develop oil and gas interests in Permian Basin by investing at least $300 million over the next two years.  Dan Pickering, CIO, said July 14, “We are excited to invest across the Permian Basin and play […]