By Steve Hendrickson The year 2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism. In January 2020, I mentioned 10 key oil and gas industry themes that I expected to be significant in 2020. Most of us are ready to put 2020 behind us, but let’s take […]
Despite Pandemic, RRC Has Strong 2020
When the COVID-19 pandemic gripped the world in 2020, the Railroad Commission of Texas took special measures to protect the health of its employees while undertaking initiatives to seamlessly continue operations for its critical mission to protect public safety and the environment. In its annual Year in Review publication, the story of the pandemic and […]
Safety and Productivity of Frac’ing, Per Ferrari
Frac’ing, a practice that is largely misunderstood and overcomplicated by society and the media, can be easily explained and shouldn’t trigger emotions of anxiety, according to Adam Ferrari, founder and CEO of Ferrari Energy. Frac’ing lights up cities, powers cars to stay on the road, and puts food on the table for thousands of hard-working […]
Total JV, Lightsource BP announce major solar projects in Texas
French oil major Total and Lightsource BP both recently announced solar projects in Texas. Total and 174 Power Global said Jan. 14 they formed a joint venture to develop 12 solar and energy storage projects in Texas, Nevada, Oregon, Wyoming and Virginia. The projects include three in west Texas, one in north central Texas and […]
Texas adds 6 rigs in past week despite small decline in Permian Basin
Despite a small decline of 1 rig in Permian Basin, Texas again posted the largest increase (up 6 rigs in past week) in Baker Hughes’ weekly counts of active oil and gas drilling rigs in U.S. As of Jan. 22, Baker Hughes said Texas had 175 rigs (169 previous week), New Mexico had 65 rigs […]
Production of crude oil, gas continues to decline in U.S. major regions
The latest drilling productivity report from U.S. Energy Information Administration forecasts another month of declining crude oil production in the nation’s seven major regions. Total production in the seven regions in February is expected to be 7.522 million barrels per day – down 89,000 b/d from 7.611 million barrels per day in January. Production in […]
Centurion begins service on Augustus pipeline from Midland to Crane
Houston-based Centurion Pipeline said Tuesday it began service on schedule of its 30-mile Augustus crude oil pipeline Dec. 1, 2020. The 20-inch and 18-inch pipeline moves WTI, WTL and WTSR from Midland to Crane to connect Centurion’s Midland terminal (capacity of 2 million barrels) to multiple long-haul transmission pipelines. Capacity of Augustus is 150,000 barrels […]
Ring Energy moves corporate headquarters from Midland to Woodlands
Ring Energy said this week it relocated its corporate headquarters from Midland to The Woodlands effective Jan. 19 as it implements “a new strategic vision.” Ring said Monday it is closing offices in Andrews and Tulsa and downsizing its Midland office. Paul D. McKinney, CEO and chairman, said, “We wanted to reduce our fixed G&A […]
Performance Evaluations
The New Year that is 2021 can bring with it your opportunity to improve your employees’ performance, improve your bottom line, and improve the tone of your ongoing discourse. You can achieve all of these with well-administered Performance Evaluations. Most of us have just a little more than some respect for West Texas native Matthew […]
Final auction of oil, gas leases on public lands before Biden nets $4 million
U.S. Bureau of Land Management held an auction of oil and gas leases in four states Jan. 14 that produced more than $4 million as companies took advantage of the final opportunity to acquire federal acreage before the inauguration of President Joe Biden, who promised to ban new drilling on public lands. Reuters said 6,851 […]
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