There were few changes in Baker Hughes’ count of active oil and gas drilling rigs in the final week of 2021. As of Dec. 31, there were 293 rigs in Permian Basin (294 week ago, 175 year ago), 277 in Texas (279 week ago, 161 year ago), 94 in New Mexico (93 week ago, 65 […]
Abraxas Petroleum transforms into pure play Delaware Basin company
San Antonio-based Abraxas Petroleum said Monday it is transforming into a pure-play Delaware Basin company by paying off all revolving credit with proceeds from the $87.2 million sale of Williston Basin assets of 3,500 acres and converting a term loan held by Angelo Gordon Energy Funding into preferred stock. The Williston assets were sold to […]
FireBird acquires Midland Basin assets from Chevron
Fort Worth-based FireBird Energy said last week it acquired operated assets in Midland Basin from Chevron USA and Chevron Midcontinent. The transaction for about 21,000 net acres (99 percent operated) in Crane, Ector, Midland and Upton counties closed Dec. 30. FireBird now will have about 72,000 gross acres with about 11,500 boed. Travis F. Thompson, […]
Happy New Year/Happy New Hire
Greetings and salutations! I am excited and optimistic for the New Year. Each year everyone shares this common enthusiasm to celebrate the previous year if the safety performance has been deemed successful and injury free. Conversely, if the company has experienced a less-than-stellar performance, there is still much relief that comes from embracing a needed […]
Texas is Coming Back
By Dr. M. Ray Perryman In early 2020, COVID-19 plunged the economy into free fall, abruptly reversing a historic expansion. Although the sharp declines only persisted for about two months, almost 1.5 million jobs disappeared across Texas. The loss of income and financial security for millions of families and small businesses added to the […]
Digital Transformation: The Key to ESG
By Mark Valdez As we close out 2021 and set our sights on 2022, let’s look at two trends that have been at the center of conversation throughout the energy industry: digital transformation and environmental, social, and governance (ESG), specifically the “E” component. Because of increasing pressure from stakeholders and investors, more and more companies […]
RRC Strives to Ensure Gas Supply
The Railroad Commission of Texas recently sent a second Notice to Operators to natural gas producers and facilities with updated information on best practices to help ensure natural gas supply during energy emergencies. Operators have already received prior notices to file ERCOT’s critical load designation application with their utilities for the upcoming winter, as well […]
Milestone Aids Charities
Milestone Environmental Services, one of the largest independent providers of energy waste sequestration services in the United States, announced Dec. 8 it has made charitable donations to several West Texas and Houston-area nonprofit organizations as part of its community engagement initiative. Milestone’s contributions to the West Texas Food Bank and Houston Food Bank will provide […]
EV Hype Keeps Growing
With 2021 likely to be another stellar year for Tesla, several other manufacturers are vying to be in the driver’s seat of electric vehicle (EV) development amid ever-growing hype and competition, according to researchers at analyst firm GlobalData. Not only were EVs the talk of the town across industries, but the data and analytics company […]
One Man’s Endeavors
After a career spanning almost 60 years, in which he founded several companies and mentored many individuals in the business, Endeavor Energy Resources LP founder Autry Stephens will be honored as the PBPA’s Top Hand for 2021. In 2018 the Dallas Morning News called Endeavor “the largest closely held oil producer in Texas by production […]
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