by Geoff Yut The recent cyberattack on Colonial Pipeline underscores just how vulnerable critical U.S. infrastructure is to cybercriminals. On May 7, 2021, Colonial Pipeline, a major U.S. fuel pipeline operator, halted operations as a precautionary measure after a cyberattack involving ransomware was discovered. The attackers appear to have accessed business systems from which they […]
Propane Company Benefits NM
Propane Company Benefits New Mexico Suburban Propane Partners, L.P., a nationwide distributor of propane, renewable propane, fuel oil, and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, made a donation to Growing Up New Mexico: The Early Childhood Partnership in Santa Fe, […]
Colonial Attack Will Bring Focus
Following the disclosure of a cyberattack on the Colonial Pipeline, David Bicknell, principal analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The economic impact wrought by this cyberattack will bring home to government and energy operators the vulnerabilities in critical infrastructure. This is not the first ransomware cyberattack on […]
Midland Inspires… Further
Midland Inspires, a new nonprofit philanthropic organization, which itself benefits other area nonprofits, has announced the selection of eight nonprofits (from an earlier list of 23) that advance to the next step in their qualifying process. The eight organizations are: Boys and Girls Club, Breaking Bread Ministries, Bynum School, Communities in Schools Permian Basin, Family […]
Let it Roar, Says Economist
by Dr. M. Ray Perryman In a few speeches and scribblings of late, I have noted that we appear on the cusp of a new Roaring Twenties, similar to that emerging a century ago in the wake of the Spanish flu. That projection inevitably raises the question: “If we roar like the 1920s, will we […]
Texas Petro Index declines in March after winter storm Uri following gain
After increasing in February for the first time in two years, Texas Petro Index declined slightly in March to 138.3 because of a record-setting winter storm, according to economist Karr Ingham. The index fell for the 23rd straight month during the pandemic in January to 131.5, then grew to 138.8 in February before falling again. […]
New Mexico adds rigs, Texas declines, Permian unchanged
New Mexico and Oklahoma were the only major producing states to add oil and gas drilling rigs in the past week, according to Baker Hughes in its weekly report of May 21. New Mexico was up 2 rigs to 70, and Oklahoma was up 4 to 26. Baker Hughes said there were 455 rigs in […]
Crude oil production forecast to increase again in June
U.S. Energy Information Administration forecasts the second straight month of increased production of crude oil in June across seven major U.S. regions. Permian Basin is expected to add 54,000 b/d for output of 4.589 million b/d in June. Appalachia is the only other region forecast to grow oil production in June. In seven regions, crude […]
Navitas Midstream awards contract to Honeywell for Permian gas plant
The Woodlands-based Navitas Midstream Partners recently awarded a contract to Honeywell UOP for a cryogenic natural gas processing plant (capacity 200 MMcfd) that will extract NGLs from gas produced in several west Texas counties. Navitas owns and operates nearly 1,500 miles of gas-gathering pipelines, 660 MMcfd of gas processing capacity, and 210 hp of field […]
Empire acquires producing assets in Lea from Exxon’s XTO Holdings
Tulsa-based Empire Petroleum said May 18 it acquired producing oil and gas assets and related gathering assets in Lea County, N.M., through its subsidiary Empire New Mexico. The assets were acquired from ExxonMobil’s XTO Holdings. The acquisition is comprised of about 700 gross oil, gas and injector wells that encompass about 40,000 net acres of […]
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