National Center for Energy Analytics (NCEA) Senior Fellow Tristan Abbey recently published a report examining the politicization of liquid natural gas (LNG) exports and recommending three pathways to ensure the United States maintains, even expands, the economic and geopolitical benefits from its dominant position in the global LNG market. Abbey explores the history of LNG […]
OHH Opens DFW Chapter
Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis due to no fault of their own, announced Oct. 28 the launch of its Dallas/Fort Worth Chapter. The chapter fosters support within the oil and gas community by connecting individuals and organizations committed to improving the lives of families in times of […]
Robotics Continue to Transform O&G
With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a data and […]
System Reduces Diesel Consumption
North American pressure pumping operators using a new dynamic gas blending (DGB) system reduced diesel consumption by approximately 100 million gallons in 2023 alone, according to Caterpillar Oil and Gas. This outcome, quantified via telemetry, signals that pressure pumping operators significantly lowered fuel costs by leveraging the DGB solution. The system, known as the Cat®Tier […]
Two Stock Bargains in the Delaware Basin
In recent months I have discussed multiple stock investment opportunities in the broad Permian Basin. Today, I will focus on two that are bargains in the Delaware Basin specifically. The Delaware has a higher percentage of natural gas to oil production than the Midland. While in the past companies were very focused on oil, […]
Texas adds 2 rigs, Permian Basin remains at 303 for fourth straight week
Permian Basin reported 303 drilling rigs for the fourth straight week, and Texas defied the national trend by adding 2 rigs in the past week. Baker Hughes said in its weekly report of Nov. 22 that there were 281 rigs in Texas (279 last week, 303 year ago), 102 in New Mexico (unchanged in past […]
LandBridge closes purchase of 5,800 acres in Delaware Basin in Lea County
Houston-based LandBridge announced last week the closing of its previously announced acquisition of about 5,800 largely contiguous surface acres in Lea County, N.M. It expands LandBridge’s holdings into a new area of the Delaware Basin that supports existing water infrastructure. LandBridge said, “The acreage is well-positioned to drive further revenue growth through additional water infrastructure, […]
Project Concho in Tom Green County first DAC hub to rely on wind power
Carbon capture and removal project developers Return Carbon and Austin-based Verified Carbon last week announced plans for Project Concho, direct air capture hub to be built in Tom Green County. Project Concho will be the first DAC hub to run entirely on wind power; it will leverage advanced DAC technology and onsite geological carbon storage […]
Tailwater Capital acquires assets in Delaware, Midland basins from Accelerate
Dallas-based private equity firm Tailwater Capital said recently it acquired off-market, non-operated, working interest assets in Permian Basin from Accelerate Resources Operating. The acquisition includes more than 5,000 net leasehold acres in the core of Delaware and Midland basins. Current production is more than 5,000 boed. Tailwater said assets also include “meaningful future inventory under […]
ExxonMobil operates most working drilling rigs in Permian Basin, U.S.
Oil industry major ExxonMobil continues to lead in rig counts in U.S. and Permian Basin, according to a report this week by Enverus. Exxon Mobil had 39 working rigs in U.S. as of Nov. 15 followed by Occidental and ConocoPhillips each with 29, Mewbourne Oil with 26, EOG Resources and Continental Resources each with 23, […]
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