One of three seats on the Railroad Commission of Texas will be decided in the state’s general election Tuesday, Nov. 5, 2024. The seat is currently held by Christi Craddick, R-Midland, who is chairman of the commission. An oil and gas attorney, she is seeking her third six-year term. Candidates on the ballot also include […]
Vivakor closes deal for Endeavor Crude, other midstream subsidiaries
Dallas-based Vivakor said last week its acquisition of Endeavor entities, including Endeavor Crude and Meridan Equipment, will close Tuesday. Vivakor’s acquisitions also will include Equipment Transport and Silver Fuel Processing with a total price of $120 million. James Ballengee, chairman, president and CEO of Vivakor, said Sept. 24 of the company’s new assets, “They strategically […]
Global O&G Contracts Value Surges in Q2
Global oil and gas contract activity received a boost from Petrobras’ key upstream contracts in the second quarter of 2024. The industry witnessed a notable 47 percent quarter-on-quarter increase in total disclosed value to reach $54.91 billion in Q2 2024 from $37.3 billion in Q1, reveals GlobalData, a data and analytics company. GlobalData’s latest report, “Oil […]
U.S. Oil and Gas Sector Defies Price Plunge
The EY US oil and gas reserves, production, and ESG benchmarking study reveals an industry demonstrating remarkable resilience and financial performance, despite facing a challenging economic landscape in 2023. The study, released Aug. 20, examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a […]
MidStream Company Expands Midland Basin Gas System
Brazos Midstream announced Aug. 15 the completion of several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin, one of the most active oil and gas producing regions in the United States. Brazos’ buildout of new Midland Basin gas midstream infrastructure is anchored by the […]
Whitley Penn Named to a “Top 100”
Whitley Penn has been named a “Top 100 Firm” by INSIDE Public Accounting (IPA), ranking 35th in the annual ranking of the largest accounting firms in the nation. “It fills us with pride to be acknowledged as one of the Top 100 Firms by IPA,” stated Larry Autrey, CEO and Managing Partner of Whitley Penn. “This honor is a […]
Analyst Firm Ranks Drillers
Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, has released on Aug. 27 a list of top drillers and customer rankings in the United States, as well as detailed drilling rig analytics. Included in the release is a compilation of exclusive tables showing the most active drillers by footage, ranking both the […]
Global IoT to Surpass $1.5T by 2029
The Internet of Things (IoT) has become a fundamental component of modern technology. According to an Aug. 30 notice from Stocklytics.com, the global IoT market is expected to earn $1.5 trillion in revenue by 2029. As the site’s financial analyst, Edith Reads, observes: “The demand for more technological advancements, widespread industry adoption, and a growing […]
Portrait of a Roustabout
A roustabout is, in some ways, the essence of what the oil patch is all about. Sometimes confused by the public as a roughneck, a roustabout is generally thought of as just a less-skilled oilfield hand than a roughneck, but the fact is, their occupations are different. Roughnecks work on the rig floor, in proximity […]
BP Wind Energy to sell U.S. onshore wind energy assets in seven states
BP said last week it will sell its 10 wind energy onshore assets across seven U.S. states. William Lin, BP executive vice president for gas and low carbon energy, told NBC News, “We believe the business is likely to be of greater value for another owner.” BP Wind Energy assets have total net generating capacity […]
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