Chris Wright, CEO of Denver-based Liberty Energy, was confirmed by the U.S. Senate Monday as secretary of energy in the new administration of President Donald Trump. Wright, 60, has been chair and CEO of Liberty since 2011. A graduate of MIT, he founded Pinnacle Technologies and later served as chairman of Stroud Energy. He was […]
Permian Basin drives increase in natural gas production, but demand grows faster
U.S. Energy Information Administration expects Henry Hub natural gas price to increase in 2025 and 2026 as demand for natural gas grows faster than supply. There is more demand from U.S. LNG export facilities which reduces natural gas in storage compared with the last two years. EIA said Jan. 23 it expects U.S. benchmark Henry […]
Atlas Energy acquires distributed power system in Permian from Moser Energy
Austin-based Atlas Energy Solutions said last week it agreed to purchase Moser Energy Systems, a provider of distributed power solutions, in a cash and stock transaction valued at $220 million ($180 million cash). Atlas said the combination of its completion platform and Moser’s distributed power platform creates “an innovative, diversified energy solutions provider with a […]
U.S., Permian Basin reverse eight-week decline by adding drilling rigs
Permian Basin and U.S. added drilling rigs last week for the first time in eight weeks, according to the weekly report of Jan. 31 from Baker Hughes. There were 303 rigs in Permian Basin (up 5 in the past week, down 8 in the past year) and 582 in U.S. (up 6 in the past […]
Rigging Up
The oil patch used to be famous for its behind-the-times mantra: “We’ve always done it this way.” But since the Shale Revolution and the increasing demand for speed, accuracy, and length in the drilling rig sector, that phrase is gone. “How can we do it better today than yesterday?” is the question for everyone. For […]
Midstream Risks Raise Uncertainties
Fitch Ratings’ neutral sector outlook for North American midstream issuers reflects relatively supportive sector fundamentals in 2025, alongside a modestly positive macroeconomic environment. The potential for weather and/or geopolitical events to disrupt near-term supply/demand dynamics led to Fitch’s assessment of a neutral 2025 operating environment, compared to 2024. This view is set within relatively supportive […]
O&G Outlook for 2025
Supportive federal policies, growing LNG exports, and the energy transition will set the stage for strategic decisions across the U.S. oil and gas sector in 2025. Jeff Robertson, Managing Director at Water Tower Research, shares key forces shaping the oil and gas landscape this year. Pro-Growth U.S. Policies Aim to Support Supply Expansion: The incoming […]
Monitoring Torque Turn in North America
Since its launch in 2022, Tenaris’s torque turn monitoring service has been used for the running of 50 million feet of OCTG (oil country tubular goods) in more than 2,500 jobs in the United States and Canada. The service stands out in the market by providing real-time torque data collection and analysis at the well. […]
Utica Oil: America’s Modest Middleweight Contender
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, has released an analysis of recent well performance and economics in the Utica shale and how it compares to other U.S. oil plays. Mah Noor Imtiaz, an associate at EIR, states, “A relatively small and consistent proven fairway for Utica oil achieves economics that […]
Legislative Update 2025
89th Texas Legislature, Jan. 14-June 2 57th New Mexico Legislature, Jan. 21-March 22 With the endgame of a balanced budget in mind, Texas and New Mexico lawmakers begin each session with a revenue forecast. Lone Star State On Jan. 13, Texas Comptroller Glenn Hegar released a Biennial Revenue Estimate of $194.6 billion to spend […]
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