Any kid growing up in northern Louisiana around Shreveport is immersed in the oil and gas business like a fish in the water. Such was the upbringing of Gravity Oilfield Services President and CEO Rob Rice. “Up in those areas, that’s just kind of what everybody did,” Rice recalled, so it’s not surprising that he […]
87th Legislature Adjourns Sine Die
While COVID-19 cast a shadow over the opening of the 87th Texas Legislature, the dramatics of the closing days thrust Texas into the national spotlight with Gov. Greg Abbott vowing to veto the section of the state budget that funds the legislative branch after the voting restrictions bill failed to pass. Senate Bill 7, a […]
“Cautious producers” continue to add rigs in Permian, Texas, U.S.
Eddy County, N.M., has replaced Lea, N.M., as the Permian Basin’s most active county for oil and gas drilling rigs. Eddy added 2 rigs in the past week for a new total of 37, and Lea was down 3 rigs to 34. Other Permian leaders as of May 28 were Midland with 31 (down 1), […]
Callon conducts first completion using all-electric fleet in Howard County
Houston-based Callon Petroleum said May 5 it initiated its first completion utilizing an all-electric hydraulic fracturing fleet near the end of 2021Q1 in Midland Basin. The project deployed more than 160 completion stages with 10,000-foot laterals across 3 wells targeting lower Spraberry and Wolfcamp A and B in northwest Howard County. Callon’s announcement said, “The […]
U.S. Well Services plans to become all-electric provider, exit diesel market
Houston-based U.S. Well Services said May 24 it expects to become the first publicly traded, pure-play electric completions services provider by the end of this year. The company announced its commitment to becoming an all-electric hydraulic fracturing services provider and to exit the diesel frac market by YE 2021. “We are excited to execute on […]
Permian operator Cimarex to merge with Cabot Oil & Gas
Cimarex Energy and Cabot Oil & Gas said May 24 they will merge in an all-stock transaction creating a diversified U.S. onshore producer that Enverus said will have an enterprise value of about $17 billion. Cimarex drills on 560,000 net acres in Permian and Anadarko basins, and Cabot operates on 173,000 net acres in Marcellus […]
S&P Global and IHS Markit to Merge
S&P Global and IHS Markit, which have agreed upon preliminary terms of a merger, announced May 13 that following feedback from regulators, the leadership from both companies have decided to explore a divestiture of IHS Markit’s Oil Price Information Services (OPIS) business, as well as IHS Markit’s Coal, Metals, and Mining business. This decision was […]
Yergin to Receive WPC’s Dewhurst Award
Pulitzer-prize winner, respected author, and leading energy expert Dr. Daniel Yergin is being recognized Dec. 9 for his “exceptional contribution to the oil, gas and energy industry” with the highest honor of the World Petroleum Council, the Dewhurst Award. This distinguished lifetime achievement award celebrates his role as a global authority on energy, international politics, […]
These Industries Set to Win Big
After pouring trillions of dollars into the economy over the past 6 months, Biden’s new plan could further light the fuse on the EV markets. That’s because his proposed $2 trillion infrastructure bill is expected to cover much more than just roads and bridges. Under the current proposal, $174 billion would go directly to the […]
Why Colonial Pipeline & Why Now?
by Rob Roberts, Glenn Hartfiel, and Steve Roberts The cyberattack on Colonial Pipeline will have broad implications on how the energy industry defends and responds to future incidents. As our world gets more and more connected, cybersecurity continues to bubble to the top as a major threat for oil and gas companies. With Colonial Pipeline […]
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