After decades of resisting change, the oil patch in recent years has begun to embrace—and even seek out—new technologies that reduce overhead, boost efficiencies, and improve production, among other things, at least some of the time. One Houston company has recently purchased a developing technology it hopes will reduce flaring in the Permian and elsewhere […]
Railroad Commission preparing EPA application for carbon storage
Houston Chronicle reported this week that Railroad Commission of Texas is preparing an application to U.S. Environmental Protection Agency to assume responsibility for permitting of carbon storage wells. Chronicle said Texas Attorney General’s office is reviewing state environmental laws to verify that they meet federal requirements. When that is complete, commission officials said, Governor Greg […]
Environmental Partnership issues annual report, membership grows to 100
The Environmental Partnership, formed in 2017 by a group of 26 oil and natural gas companies to reduce emissions from oil and gas operations, recently issued its annual report on activities in 2021 in its six programs – leak detection and repair, pneumatic controller, manual liquids unloading, compressor, pipeline blowdown and flare management. The group […]
New Mexico adds 2 rigs in past week to reach 2022 high of 113
Baker Hughes’ count of drilling rigs reached a 2022 high of 113 in New Mexico for the week that ended Sept. 30. New Mexico added 2 rigs in the past week and 27 in the past year. Also, as of Sept. 30 there were 344 rigs in Permian Basin (unchanged in past week, up 81 […]
Texas Pacific Land, WaterBridge form alliance for water solutions
Dallas-based Texas Pacific Land Corp. and Houston-based WaterBridge said recently they established an alliance focused on sustainable oil and gas development on 64,000 acres in Loving and Reeves counties in Delaware Basin. The agreement enables TPL and WaterBridge to provide fullcycle water solutions to customers in a defined region in the Stateline area by facilitating […]
Evaluating Evaluations
If you cannot measure it, you cannot manage it. Thank you, Peter Drucker. October is the month to get ready for annual performance reviews. I wholeheartedly recommend evaluating the staff throughout the year with informal walkthroughs, supportive emails, and verbal or written corrective coaching to improve performance. The annual review should never be a surprise to […]
Taking Flight
The mention of aerial imagery usually brings visions of drones, and that is certainly a big part of the mix. Additionally, companies like Ft. Worth-based Prius Intelli are using manned, fixed-wing flights to quickly cover wider areas and collect more data than is afforded by just visual images. With regulators clamping down on greenhouse gas […]
O&G Global Contracts Declined in Q2 2022
The overall number of contracts in the oil and gas industry fell by 16 percent in the second quarter of 2022, according to GlobalData. However, the data and analytics company notes that contract value stayed level. GlobalData’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded Contracts […]
Inflation Reduction Act: Complications for O&G
The Inflation Reduction Act passed by Congress was signed into law by President Joe Biden Aug. 16. The IRA is being pitched as a major legislative victory for the President heading into the interim elections, even though the legislation was passed out of both chambers of Congress on straight party lines, and even though it is […]
Whence Workers?
By Dr. M. Ray Perryman Recent data indicates that the Texas economy continues to generate jobs at a torrid pace. In June, the state added 82,000 positions, pushing the year-over-year gain to 778,700. The 6.2% growth rate is second only to Nevada, which Texas dwarfs in size by a factor of more than nine. […]
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