The ESG sector (Environmental, Social, and Governance considerations) has been identified as a key area of interest for merger and acquisition (M&A) activity, according to analysis of GlobalData’s Job Analytics Database. The data and analytics company reveals that there were more than 60,000 job postings in Q1 2022 that had “deal making” keywords (including M&A) […]
Golf Fundraiser Nets $150,000 For West Texas First Responders
The first-annual golf tournament hosted by Kinetik on June 28 raised more than $150,000 for 17 West Texas police and fire departments and emergency medical services across West Texas, including Midland and Pecos. Dubbed the “Holes for Heroes” tournament, the event at Ranchland Hills Golf Club in Midland attracted more than140 golfers along with fire […]
The Confidence Factor
by Dr. M. Ray Perryman The latest surveys of consumers indicate that, as a whole, we are becoming a less optimistic lot. Because our spending on goods and services normally represents around 70 percent of the economy, that is a source of some concern (although, strangely, our confidence level and our outlays have not […]
Gravity Commits to Water Deal
Gravity, a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P., announced in late June it had signed a multi-year minimum volume commitment produced water gathering agreement with an independent producer in the Midland Basin. Gravity owns and manages more than 50 active saltwater disposal wells with more than 1.5 million barrels […]
Refineries: The Economics of Reliability
Pinnacle, a reliability data analytics company, released on June 16 its “Economics of Reliability” report for the refining industry. The report analyzes the impact that reliability has on the refining industry. “U.S. refiners are reporting record profits and are also running at well above average utilization levels,” said Jeff Krimmel, Chief Strategy Officer at Pinnacle. […]
Compensation Survey To Poll Permian Basin
Whitney Smith Company’s annual compensation survey of the oil and gas industry in the Permian Basin has begun, and members of the Permian Basin Petroleum Association, as well as area O&G interests of all kinds, are encouraged to participate in the study to help generate good data to be released later this year, according to […]
Green Light, Red Light
All across the United States, Americans are suffering from a missing energy and economic policy—a hindrance that has wrought havoc for families and their budgets over the last six months—and the only thing the Biden Administration is providing are mixed messages. This is most effectively illustrated by the Administration saying they are green lighting oil […]
Gas-to-Liquids Tech Takes Step Forward
ENG, a provider of innovative project delivery solutions for the energy industry, recently announced the acquisition of Calvert Group Belgium and its exclusive license to patented gas to liquid (GTL) technology to convert flare gas and stranded gas to synthetic liquids such as crude oil or diesel. Calvert’s GTL process has been recognized by The […]
New chairman Walker to speak at TIPRO conference in San Antonio
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’s WolfePak Software changes name to PakEnergy
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.
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