Pinnacle, a reliability data analytics company, released on June 16 its “Economics of Reliability” report for the refining industry. The report analyzes the impact that reliability has on the refining industry. “U.S. refiners are reporting record profits and are also running at well above average utilization levels,” said Jeff Krimmel, Chief Strategy Officer at Pinnacle. […]
Compensation Survey To Poll Permian Basin
Whitney Smith Company’s annual compensation survey of the oil and gas industry in the Permian Basin has begun, and members of the Permian Basin Petroleum Association, as well as area O&G interests of all kinds, are encouraged to participate in the study to help generate good data to be released later this year, according to […]
Green Light, Red Light
All across the United States, Americans are suffering from a missing energy and economic policy—a hindrance that has wrought havoc for families and their budgets over the last six months—and the only thing the Biden Administration is providing are mixed messages. This is most effectively illustrated by the Administration saying they are green lighting oil […]
Gas-to-Liquids Tech Takes Step Forward
ENG, a provider of innovative project delivery solutions for the energy industry, recently announced the acquisition of Calvert Group Belgium and its exclusive license to patented gas to liquid (GTL) technology to convert flare gas and stranded gas to synthetic liquids such as crude oil or diesel. Calvert’s GTL process has been recognized by The […]
New chairman Walker to speak at TIPRO conference in San Antonio
Texas Independent Producers and Royalty Owners Association scheduled its summer conference August 24-25 in San Antonio. Speakers will include EnerVest president and CEO Jud Walker, Texas attorney general Ken Paxton, U.S. House of Representatives members Tony Gonzales (R-Texas) and Vicente Gonzalez (D-Texas), and Marshall Adkins of Houston, managing director and head of energy investment banking […]
Abilene’s WolfePak Software changes name to PakEnergy
Abilene-based WolfePak Software, provider of business automation technology for the energy industry, last month changed its name to PakEnergy. The company is a portfolio company of Charlesbank Technology Opportunities Fund. PakEnergy provides cloud-based software for independent oil and gas upstream and midstream companies. It serves more than 2,000 companies primarily in North America.
Capacity growth in Texas helps U.S. become world leader in LNG exports
U.S. Energy Information Administration said Monday the U.S. became the world’s leading liquefied natural gas exporter in the first half of 2022. EIA attributed the status to increases in LNG export capacity in Texas and Louisiana, growing demand in Europe, and higher global natural gas and LNG prices. EIA said LNG export capacity grew by […]
Permian rig count declines for only second time since January 2022
For only the second time since January, the count of active oil and gas drilling rigs in Permian Basin declined in the previous week. Baker Hughes said as of July 22 there were 349 rigs in Permian Basin (350 week ago, 242 year ago), 365 in Texas (unchanged in past week, 228 year ago), 109 […]
Good Problems to Have
FORT WORTH, TEXAS—Someone needs to take those video productions that Hart Energy creates to kick off its Permian Basin conferences—those narrated tributes replete with dynamic drone footage, stirring commentary, and soaring musical scores—and put them on VR headsets and circulate them to every worker in the Basin, because if they did, this region’s already record-setting […]
Rystad: U.S. gas production to reach 100 billion cfd “in coming months”
Oslo-based research firm Rystad Energy said Tuesday U.S. natural gas production is expected to reach a record high of 100 billion cubic feet per day “in the coming months.” Rystad said production growth in major U.S. gas-producing basins Appalachia and Haynesville along with associated gas production in Permian will stretch the nation’s lead over Russia, […]