AI as a concept is way past its sweet sixteen, but only in recent years has it become confident enough to learn to drive. Sooner than later it will be fully licensed and out on the streets. It’s the same in the Oil Patch, say experts. Companies are relying on AI for more and more […]
Strategies to Reduce Flaring
By Brody Sherman Increasingly stringent flaring regulations have been a hot topic of discussion in the upstream oil and gas industry for several years. Levels of natural gas flaring in the United States have risen due to increased oil and gas production resulting from the “shale revolution” and pipeline infrastructure constraints. The most recent and […]
Ten LNG Projects Delayed By Pandemic
At least 10 proposed liquefied natural gas (LNG) export projects that have been approved for construction by regulators are now delayed by at least a year, as companies confronted by both the COVID-19 recession and the oversupply of natural gas have postponed final investment decisions. The analysis is based on corporate announcements and regulatory decisions […]
Blackbuck Acquires Water Infrastructure from Cimarex Energy Company
Blackbuck Resources LLC, which designs, builds, and operates water infrastructure, announced it has closed on a transaction to purchase Cimarex Energy Co.’s Whites City water infrastructure in Eddy County, N.M. The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part of the sale, […]
White House Orders Study of Frac’ing’s Economic Impacts
The International Association of Drilling Contractors (IADC) released on Nov. 2 the following statement on the President’s Executive Order concerning hydraulic fracturing from President Jason McFarland. “IADC welcomes the Administration’s efforts to take a serious look at the plethora of economic benefits that hydraulic fracturing brings to the United States. Experts widely agree that this […]
ConocoPhillips Likely Betting on Crude Demand Recovery
Following ConocoPhillips’ $9.7 billion acquisition of shale rival Concho Resources, Steven Ho, oil and gas analyst at GlobalData, a leading data and analytics company, offers his view on the acquisition: “This transaction is beneficial to both parties and in line with what has been expected for the industry in terms of merging opportunities,” Ho said. […]
Standing up for our Side
After wrapping up our annual meeting and hosting important leaders like New Mexico Governor Michelle Lujan Grisham, Texas Governor Greg Abbott, former Speaker Tom Craddick, and Chairman Drew Darby, we have to thank all of those involved in participating and making it such a grand success. Our sponsors, registrants, and panelists were part of something […]
Apache commissions 2 crews to begin completing DUC wells in Permian
Houston-based Apache Corp. said Nov. 4 in its quarterly financial report that it recently commissioned two fracture stimulation crews to begin completing drilled but uncompleted wells in Permian Basin. Apache, which has operations in U.S., Egypt and U.K., said most of its 2020Q3 upstream capital investment of $141 million was devoted to international operations (full […]
Pioneer Natural Resources increases 2020 production forecast again
Leading Midland Basin producer Pioneer Natural Resources said Nov. 4 in its quarterly financial report that currently it is operating 8 horizontal drilling rigs and 4 hydraulic fracturing fleets. Irving-based Pioneer is maintaining its 2020 drilling, completions and facilities capital budget of $1.3 billion to $1.5 billion and increasing guidance for 2020 oil production to […]
New Mexico state land office expands environmental enforcement
New Mexico’s state land office said last week it is expanding environmental enforcement efforts to help ensure that oilfield sites are cleaned and restored as leases expire. The agency said Nov. 19 its efforts have already resulted in completed environmental reclamation at sites totaling about 11 square miles and the plugging of 9 oil wells […]
- « Previous Page
- 1
- …
- 231
- 232
- 233
- 234
- 235
- …
- 369
- Next Page »