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 […]
Pinpoint the cause of operational issues and remedy them before they occur
Avoid unplanned downtime that compromises system performance and productivity Unexpected downtime cuts into production and profits, and it remains a perennial challenge for operators. As gathering systems, production equipment, and facilities handle ever-increasing throughput, operational issues can crop up more frequently—and also leave greater production volumes at stake. To minimize the effects of lost production, […]
M&A Deal Activity Took Dip in First Quarter
Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favorable production economics, according to GlobalData. The leading data and analytics company notes that the decline was observed across most regions except China in the Asia-Pacific (APAC) region, where the deal value […]
O&G Tapping into Digital Tech To Improve Productivity
Digitalization, which involves the adoption of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability by streamlining operations and cutting costs, says GlobalData, a leading data and analytics company. According […]
Drilling Permits Hit New High
by Dr. M. Ray Perryman The number of oil and natural gas drilling permits issued by the Texas Railroad Commission reached an all-time high in March, at over 1,100. Hundreds of companies of all sizes are jumping into the fray. Activity is picking up across the state, with the Permian Basin reportedly seeing over 900 […]
It’s Not Sci-Fi: RRC Brings AI to Seismicity
The Railroad Commission of Texas has turned to artificial intelligence to optimize the time the agency’s technical analysts spend on seismicity reviews to ensure residents and the environment are protected. Seismicity reviews are conducted by the Underground Injection Control (UIC) Department for injection/disposal well permits in areas susceptible to earthquakes and in certain geologic zones. […]
Supply Chain Visibility: Harnessing Logistics
by Clayton Bornman A business’ success hinges on efficient logistics and supply chain management. Transportation once started as the cart behind the retail horse, but it has since become the driver. An escalating thirst for immediate gratification has led consumers to increasingly demand visibility to goods and services in transit. A digitalized supply chain network, […]
Price Volatility Lingers For Oil and Gas
Enverus Intelligence Research, a subsidiary of Enverus, a global energy data analytics and SaaS technology company, released on May 25 a report focusing on its five-year supply, demand and price outlook. The report confirms that nearly three months into the Ukraine war, oil and gas markets remain tight with Brent oil trading well above $100/bbl […]
Interoperability: What it is And Why it Matters
We are now living in a digital world. E-commerce consumers expect goods to be delivered faster and more flexibly than was the case just a couple of years ago. Organizations, retailers, and their warehouse service providers therefore need to find new ways to move, store, and dispatch goods with agility and accuracy. Add the widespread […]
O&G Hedging Remained Active Before 2022 Price Spikes
By Josh Schulte, Jeff Nicholson, and Reece Lambert Hedging remains a mainstay activity for many oil and gas producers desirous of protecting cash flows and managing operating budgets. However, these hedge programs and coverage levels were in place before price increases that occurred in early 2022. This resulted in the 30 largest public oil and […]
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