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. […]
Industry E&P companies add 2,400 jobs in Texas in November
Exploration and production companies in Texas added about 2,400 jobs last month as the industry continues its recovery from the pandemic. Texas Workforce Commission said the state has 185,300 drilling and extraction workers – about 16 percent fewer than the 220,300 before the pandemic began in January 2020. Texas has recovered about 35,000 (58 percent) […]
Regiment acquires equipment to enhance its pressure pumping services
Midland-based Regiment closed on two recent acquisitions to grow its pressure pumping company. Last month Regiment acquired pressure pumping equipment from a Permian operator, and in September it acquired a fleet of pumps and high-specification frac stack equipment from a private pumper. The two acquisitions increased Regiment’s total asset base to more than 75,000 HHP […]
Now’s the Time
Today, more than 1.2 billion people live without access to electricity and 3 billion people lack access to the types of fuels necessary to cook and provide food for their family. There is no question that this is a time for more focus on ways to deliver access to affordable energy to those struggling to […]
Honeywell, University of Texas collaborate on carbon capture technology
Des Plaines, Ill.-based Honeywell said Dec. 15 it will commercialize carbon capture technology created by researchers at University of Texas in Austin that could significantly reduce carbon dioxide emissions from many industrial sources. The proprietary technology from Texas’ carbon management program reduces the cost of capturing carbon dioxide emissions from power plants and other heavy […]
Nabors completes first well for Exxon with automated land rig in Permian
Nabors’ Pace-R801 drilling rig, the world’s first fully-automated land rig, recently completed its first well to a depth of nearly 20,000 feet for ExxonMobil in Permian Basin, according to a report last week in Houston Chronicle. The Chronicle said this “marks a milestone in the automation of the oil and gas industry… Robots are transforming […]
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