Bureau of Land Management in U.S. Department of Interior said last week it will open an additional 50,000 acres of public land in Colorado to crude oil and natural gas producers. The agency’s Colorado office said a lease sale of 60 oil and gas parcels will be held Tuesday, Dec. 9. The December sale will […]
91 percent of U.S. gas pipeline exports to Mexico come from west, south Texas
U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day in May 2025 – the most of any month on record – as Mexico’s demand for natural gas increases. U.S. natural gas pipeline exports to Mexico averaged 6.4 Bcf/d in 2024 – an increase of 25 percent compared with 2019 and […]
Permian Basin adds drilling rig for first time since February
Permian Basin added a drilling rig last week, according to the weekly report of Oct. 17 from Baker Hughes, for the first time since Feb. 28. That ends a streak of 32 weeks of flat or declining rig count in the basin; the count fell from 305 to 250 during that time. Baker Hughes said […]
S&P Global reports lower absolute GHG emissions in Permian in 2022-24
A new analysis by S&P Global Commodity Insights shows that absolute greenhouse gas emissions in Permian Basin declined since 2022 as production of crude oil and natural gas increased. S&P Global said that absolute greenhouse gas emissions in Permian declined by 25 million metric tons of carbon dioxide equivalent during 2022-24. That’s a 20 percent […]
PBIOS Picks the Right Guy
Click here to listen to the Audio verison of this story! Anyone who has been around Ben Shepperd more than a few times—and over the years there have been hundreds if not thousands of members of the Permian Basin Petroleum Association have been around him that much or more—has seen him hand out awards. […]
LandBridge divests 3,000-acre solar project in Reeves County
Houston-based LandBridge said last week it finalized the sale of a solar project in Reeves County in west Texas. LandBridge received upfront cash payment and the right to receive contingent future payments based on development milestones for a 3,000-acre photovoltaic solar energy generation project. Proposed generation capacity is 250 megawatts. Jason Long, CEO, said Oct. […]
Employee Benefits: What You Need to Know
The landscape is changing regarding what your staff needs in terms of benefits. I reviewed a 2022 Society of Human Resource Management report and a 2025 March McLennan report. Before I start boring you with a little data, be aware that [if you are a decision-maker in your workplace about employee benefits] it is time […]
Four-Point-O is the term to know
Click here to listen to the Audio verison of this story! In 2024, Rystad’s Vice President/North America Oil and Gas Matthew Bernstein spoke at a conference where he said the oil industry was entering “Shale 4.0,” reaching a mature and long-term industry view that had been lacking before. Similar to a child pressing through […]
Texas consumes more energy in 2023 than California, Florida, all other states
U.S. Energy Information Administration said Texas consumed more energy in 2023 than any other state. According to data in the latest State Energy Data System, total energy consumption in Texas was twice as much as in California, the second highest consuming state, and more than three times as much as in Florida, the third highest […]
AGA reports 16 percent increase in domestic natural gas resources
The potential gas committee of the American Gas Association recently reported a 16 percent increase in domestic natural gas resources in the U.S. since its previous biannual report. The 60th anniversary report revealed the largest reported value in its history. The report said, “The increase shows an industry primed to fuel the economy of the […]
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