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 […]
Texas Petro Index increases again as state’s share of U.S. output grows
Texas Petro Index grew in October for the seventh consecutive month with the largest increase of the current expansion cycle. TPI was 158.9 in September and 164.3 in October (base 100 January 1995). That’s an increase of 25.2 percent since pandemic low of 131.2 in January 2021. Petroleum economist Karr Ingham of Texas Alliance of […]
Permian rig count nears 300 with addition of 6 rigs in past week
New Mexico counties Lea (58 rigs) and Eddy (31) lead Permian Basin in rig count as of Dec. 23, according to Baker Hughes. They are followed by Midland with 29 rigs, Martin and Reeves with 22 each, and Howard with 21. Permian Basin added 6 rigs in the past week to reach 294 (173 year […]
Elysian Carbon Management secures capital investment from EnCap
San Antonio-based Elysian Carbon Management said Dec. 6 it secured an initial capital investment of $350 million from EnCap Flatrock Midstream, whose managing partner David J. Kurtz said Elysian is “at the forefront of developing projects necessary to support carbon reduction goals across America.” Projects currently are being considered in Texas, Louisiana, Colorado and Wyoming. […]
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