Over the last two or three years of writing for PB Oil and Gas Magazine, I’ve covered strategies, philosophies, and techniques. I think I have covered, at least once, all of the main topics and some of the subtle ones as well. In my endeavors to reach the ultimate or penultimate strategy for safety, the […]
A Sense of (Cyber) Security
When Nozomi Networks’ Chris Grove first arrived in the operational technologies sector six years ago—after more than two decades in cybersecurity overall—and he found a lack of knowledge/interest from companies about the security risks involved in connecting their OT (operational technology) devices to networks. “When we would go to customers [on sales calls] it was […]
Federal lease sales on onshore public lands nets $22 million
Energy companies submitted bids totaling more than $22 million for drilling rights on about 110 square miles of federal lands in seven western states last week. It was the first sale of onshore leases since President Biden took office in January 2021. About 200 square miles of public lands in eight states had been offered, […]
Rig counts decline in Texas, U.S. while Permian unchanged with 349
Counts of active oil and gas drilling rigs declined in Texas and U.S. during the past week, according to Baker Hughes’ report for July 1, while Permian Basin was unchanged with 349 rigs (237 a year ago). There were 360 rigs in Texas (362 week ago, 222 year ago), 112 in New Mexico (111 week […]
ProFrac acquires SP Silica of Monahans, U.S. Well Services in 2 deals
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 […]
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