Dr. M. Ray Perryman The Census Bureau recently released population estimates by state for the period from July 2020 to July 2021. The total U.S. population scarcely changed, but there were seismic regional shifts. Let’s take a quick tour. The Northeast lost nearly 366,000 residents and the Midwest lost almost 94,000. The South increased by […]
Supply Chain Breakdowns to Continue
The highly synchronized global supply chain system developed over the past 30 years is under strain like never before and resolving the disruption will be less a “sprint” and more of a “marathon” that runs well into 2022, according to a new report by IHS Markit, a leader in critical information, analytics, and solutions. The […]
LNG Could Fill the Gap
Supplies of Russian gas to Europe via Ukraine have already fallen—and been replaced by LNG imports—to such a degree that shutting off the remaining gas that is still flowing through Ukraine would have relatively limited additional impact on European supply, according to a new report by IHS Markit, a leader in critical information, analytics, and solutions. The […]
Technology Can Help Attract Employees
Developing and retaining talent is more important now than perhaps ever for employers. When implemented with the user in mind, technology can play an important role in employee retention, hiring, and satisfaction. Research released today from Truce Software, a leading provider of Contextual Mobility Management (CMM) solutions for businesses, asked workers to weigh in on what […]
Oil Tech: What’s New
“I was on the runway at DFW, and from my XSPOC software mobile app I was able to rock start an ESP to get it started and free up a stuck pump—while my airplane was ready to take off.” Shelby Williams of ChampionX loves to tell that story because it illustrates what IT and automation […]
Your Vote Matters
If you are like me, you are a member of the PBPA as a way to strengthen your voice on legislative and regulatory matters that impact not just the oil and gas industry, but the entire Permian Basin. The PBPA is an incredible tool which can accomplish these ends through engagement with our government, communities, […]
Texas Petro Index increases 29 percent in past year to continue recovery
Texas Petro Index increased for the ninth straight month in December 2021 to 172.6 from 169.1 in November 2021 and 134.0 a year ago in December 2020 (up 29 percent in a year). The index, which started with a base of 100 in January 1995, is prepared by economist Karr Ingham for Texas Alliance of […]
U.S. posts another week of double-digit gain in rig count
U.S. posted its second straight week of double-digit gains in count of active drilling rigs. Baker Hughes said as of Feb. 18 there were 306 rigs in Permian Basin (301 previous week, 204 previous year), 308 in Texas (300 previous week, 194 previous year), 94 in New Mexico (92 previous week, 61 previous year) and […]
Oil output in Permian to grow by 71,000 b/d in March to 5.205 million b/d
Oil production in seven major regions in U.S. is expected to grow by 109,000 b/d in March to 8.707 million b/d, according to the latest drilling productivity report from U.S. Energy Information Administration. The forecast Feb. 14 includes continued growth of 71,000 b/d in Permian Basin to 5.205 million b/d and growth of 24,000 b/d […]
Delaware Basin operator Devon to operate average of 14 rigs in 2022
Oklahoma City-based Devon Energy said Feb. 15 its forecast for 2022 output remains 570,000 to 600,000 boed. Leading this production are the company’s assets in Delaware Basin (80 percent of Devon activity), including six wells in Cotton Draw in New Mexico, which accounted for 416,000 boed in 2021Q4. Devon plans to operate an average of […]
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