Crude oil production in seven major regions of U.S. is forecast by U.S. Energy Information Administration to reach 9 million barrels a day in August. In its drilling productivity report of July 18, EIA said production in seven regions will increase by 135,000 b/d from July to reach 9.068 million b/d in August. Permian is […]
Pickering to form partnerships to develop oil, gas interests in Permian
Houston-based investment firm Pickering Energy Partners said last week it will partner with investors and operators to acquire and develop oil and gas interests in Permian Basin by investing at least $300 million over the next two years. Dan Pickering, CIO, said July 14, “We are excited to invest across the Permian Basin and play […]
Breakwater Energy Partners expands Big Spring recycling system
Houston-based Breakwater Energy Partners said last week it is expanding its Big Spring recycling system in Howard and Martin counties in Midland Basin with two additional multi-year produced water offtake and recycling agreements. The Big Spring system, one of the largest recycling networks in Permian Basin, recycles more than four million barrels of produced water […]
Getting Down the Road
Two years ago the story on trucking revolved around little work, low diesel prices, and layoffs or reductions in hours/trips. This year the situation has flipped 180 degrees. There’s almost too much work, diesel prices are sky high, and it’s hard to hire enough workers. Plus, trucks, trailers, and repair parts are in short supply. […]
UT study identifies risks in production for earthquakes in Delaware Basin
A new study by researchers at University of Texas that links oil and gas production in Delaware Basin to an increasing number of earthquakes may help oil and gas producers and regulators identify potential risks so they can adjust production and disposal activity to decrease risks. Researchers analyzed about 5,000 earthquakes above magnitude 1.5 from […]
Industry employment increases in Texas in June to 308,553
Oilfield services companies operating in Texas added 2,142 jobs in June for a total of 308,553, according to an analysis of federal preliminary data from Energy Workforce and Technology Council. Houston Chronicle said the industry in Texas added jobs for the eighth straight month. Across the nation about 5,000 jobs were added in the industry […]
Texas, Louisiana only states to add drilling rigs in past week
Permian Basin, Texas and U.S. posted small gains in counts of active oil and gas drilling rigs in the previous week, according to the July 8 report from Baker Hughes. Texas and Louisiana were the only states to add rigs onshore last week. Baker Hughes said there were 350 rigs in Permian Basin (349 week […]
Texas receives record amounts of tax revenue from oil, gas production
State of Texas received record amounts of revenue in June from taxes on production of crude oil and natural gas, according to comptroller Glenn Hegar. “State sales tax collections surged in June, outpacing inflation, with strong growth in receipts from all major economic sectors,” Hegar said July 1. Majority of June sales tax revenue is […]
Safety is a Dynamic, Not a Static, System
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 […]
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