by Maximilian Ihring, Krohne Solutions Ensuring the continuing effectiveness of leak detection systems (LDS) is of paramount importance for pipeline operators in order to meet tightening safety and environmental regulations and to minimize the potential risks of catastrophic events. The updates of 49 CFR 195 require pipeline operators to evaluate the capability of their leak […]
ETRM Challenges
By Donald Barnhart and Katie-Rose Herd What’s so hard about evolving into a more active, nimble, and sophisticated commodity trading organization that relies on a robust Energy Trading and Risk Management (ETRM) system? (Energy trading and risk management [ETRM] systems involve commercial decision making and market execution using an integrated system that enables data exchanges among […]
Business Sentiment Trending… Flat
Global business sentiment remained flat during Q3 2022 but declined by 2 percent year-on-year (YoY), with companies across industries experiencing slow growth due to softening demand, geopolitical uncertainties, and economic volatility, revealed GlobalData, a data and analytics company. According to GlobalData’s “Company Filings Analytics – Trends and Signals Q3 2022” report, “Inflation,” “Shortages,” and “Supply Chain” […]
Oil and Gas Analytics Market To Grow Steeply Next 10 Years
The global oil and gas analytics market is anticipated to garner $50 billion while expanding at a cumulative annual growth rate (CAGR) of 22.6 percent between now and 2032, according to Future Market Insights. The market is estimated currently at $6.5 billion in 2022. A paradigm shift toward the search for mature oil fields along with the […]
Don’t Let Inventory Issues Become a Problem
by Carissa Skorczewski, President and CEO, Groebner As natural gas utilities and contractors look for support with their equipment and budgeting, it is ideal to work with a distributor that has been strategic about its inventory, stays on the cusp of industry innovation, and has close vendor relationships with equipment manufacturers. Most importantly, though, a close relationship […]
Texans for Natural Gas says methane emissions intensity down 76 percent
Austin-based Texans for Natural Gas, a project of Texas Independent Producers and Royalty Owners Association, said Dec. 21 the rate of methane emissions intensity in Permian Basin fell by 76 percent in 10 years from 2011 to 2021. In its fourth annual report, TNG said in those 10 years production increased by 345 percent. In […]
Kimbell Royalty Partners completes purchase in Permian Basin
Fort Worth-based Kimbell Royalty Partners said Dec. 15 it completed the purchase of 889 net royalty acres in Permian Basin that produce 2,072 boed (58 percent oil) from Austin-based Hatch Royalty for $270.7 million in cash and stock ($150.4 million cash). Kimbell said 2023 production is forecast at 2,522 boed, including 1,439 b/d of oil, […]
Oneok files FERC application for Saguaro pipeline from Waha to Mexico
Tulsa-based Oneok said Dec. 20 it filed an application with Federal Energy Regulatory Commission for permission to construct and operate the Saguaro connector pipeline to export natural gas to a new international border crossing at the USA-Mexico border 18 miles southwest of Sierra Blanca in Hudspeth County. The proposed pipeline will transport up to 2.8 […]
Northern completes acquisition in northern Delaware Basin
Minneapolis-based Northern Oil and Gas said Dec. 19 it closed on a previously announced acquisition of non-operated interests from a private seller in northern Delaware Basin for $131.6 million. The bolt-on assets include 2,100 net acres in Eddy and Lea counties in New Mexico and Loving and Winkler counties in Texas. Average production for 2023 […]
Permian Basin matches 2022 high of 352 active drilling rigs
Permian Basin added 2 drilling rigs in the past week to match its 2022 high count of 352, according to the weekly report of Dec. 22 from Baker Hughes. That’s an increase of 20.1 percent since starting the year with 293 rigs. Also as of Dec. 22, there are 374 rigs in Texas (367 previous […]
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