Willow Park-based ProFrac Holding Corp. said last month it agreed to acquire SP Silica and SP Silica Sales of Monahans for $90 million and U.S. Well Services, a leading provider of electric pressure pumping services, in a stock transaction. SP Silica provides nearly 3 million tons of annual sand production capacity and nearly 25,000 tons […]
Permian Highway Pipeline to proceed with expansion from Waha to Katy
Kinder Morgan and its partners in Permian Highway pipeline said June 29 they will proceed with an expansion of the Waha-to-Katy natural gas pipeline. Binding transportation agreements were secured for the complete expansion capacity of 550 million cfd primarily through additional compression. Targeted in-service date is November 2023. The 430-mile pipeline is jointly owned by […]
Ring Energy acquires assets in Crane County from Stronghold Energy
The Woodlands-based Ring Energy said this week it agreed to acquire assets primarily in Crane County of privately held Stronghold Energy II Operating and Stronghold Energy II Royalties. Stronghold operations are focused on developing 37,000 net acres (31,000 leasehold, 6,000 minerals) in Central Basin Platform. Stronghold majority owner is Warburg Pincus. The transaction includes $230 […]
Create a Climate of Truth
As promised, I want to talk about the Brutal Facts of Leadership. Often, your HR lady is the one that brings you those brutal facts regarding employees’ desires, and more often, than your managers bring you hard-to-hear information. In Chapter 5 of Good to Great, author Jim Collins addresses the need for leaders to be […]
For the Common Defense
Any month is a good month for celebrating our men and women in uniform, but the month of July, with its prevailing mood of patriotism, makes this an especially fitting month. On past occasions, PB Oil and Gas Magazine has celebrated the lives of military veterans working in oil and gas jobs in our region. […]
Make-a-Wish Student Sees Wish Fulfilled
Texas Tech University and the Edward E. Whitacre Jr. College of Engineering partnered recently with Make-A-Wish North Texas to turn a dream into reality. Matthew, an 18-year-old high-school senior battling a brain tumor, wished to have his college tuition paid for. That wish has been granted, with Texas Tech and Make-A-Wish each giving Matthew $5,000 scholarships […]
Pinpoint the cause of operational issues and remedy them before they occur
Avoid unplanned downtime that compromises system performance and productivity Unexpected downtime cuts into production and profits, and it remains a perennial challenge for operators. As gathering systems, production equipment, and facilities handle ever-increasing throughput, operational issues can crop up more frequently—and also leave greater production volumes at stake. To minimize the effects of lost production, […]
M&A Deal Activity Took Dip in First Quarter
Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favorable production economics, according to GlobalData. The leading data and analytics company notes that the decline was observed across most regions except China in the Asia-Pacific (APAC) region, where the deal value […]
O&G Tapping into Digital Tech To Improve Productivity
Digitalization, which involves the adoption of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability by streamlining operations and cutting costs, says GlobalData, a leading data and analytics company. According […]
Drilling Permits Hit New High
by Dr. M. Ray Perryman The number of oil and natural gas drilling permits issued by the Texas Railroad Commission reached an all-time high in March, at over 1,100. Hundreds of companies of all sizes are jumping into the fray. Activity is picking up across the state, with the Permian Basin reportedly seeing over 900 […]
- « Previous Page
- 1
- …
- 131
- 132
- 133
- 134
- 135
- …
- 338
- Next Page »