BUSINESS WIRE—New Era Energy and Digital Inc., a developer and operator of digital infrastructure and integrated power assets, announced Sept. 24 the successful completion of Phase One engineering for Texas Critical Data Centers LLC, its flagship data center and power development project in the West Texas and southeastern New Mexico Permian Basin. TCDC is New […]
Smart Grid Demand Spurs Investments of $573 Billion
Growth in transmission infrastructure investment is accelerating to meet the rising smart grid demand, with the power transmission market expected to expand strongly through the 2030s. This growth is being driven by government initiatives, renewable energy integration, and the need for greater grid resilience and efficiency, as well as the adoption of technologies like smart […]
Shale Breakeven Costs to Climb
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released a report Sept.23 highlighting the impending depletion of North America’s core oil and gas inventory and its implications for global energy markets. “North America’s dominance in supplying global oil demand growth is waning. Over the next decade, its contribution to consumption growth is […]
Argentine Delegation Visits the Texas Permian
The Argentina-Texas Chamber of Commerce (ATCC) was scheduled to lead a mission of Argentine energy companies to Midland in October, aimed at understanding first-hand how Texan firms structure their operations and partnerships in the oil and gas industry. The initiative seeks to create bridges that will allow Argentine companies not only to apply best practices […]
AI Data Centers Drive Midstream Growth
The North American midstream sector is accelerating investments in growth projects directly related to data centers and artificial intelligence (AI), according to Fitch Ratings. Data center-driven pipelines provide diversification benefits to midstream companies, though the evolving nature of the market underscores the construction and execution risks. For most Fitch-rated issuers, data center projects provide some […]
Report: Buyers seek natural gas assets until oil prices improve
Natural gas assets emerged as a bright spot for upstream mergers and acquisitions in the oil and gas industry in third quarter. Enverus Intelligence Research said last week buyers remain constructive on the commodity as LNG exports and growing datacenter power demand fuel expectations for higher prices. A diverse group of buyers – including TotalEnergies, […]
Report: Upstream mergers, acquisitions hit slump in third quarter of 2025
After a strong start to the year, upstream mergers and acquisitions in the oil and gas industry fell into a slump in the third quarter and registered the third straight quarterly decline. Deal value in 3Q dropped to $9.7 billion – led by Crescent Energy’s acquisition of Vital Energy in Permian Basin for $3.049 billion […]
Percentage of gas-fired generation of electricity flattens while wind, solar increase
U.S. Energy Information Agency reported last week that wind and solar generation – especially utility scale solar – have been the fastest growing sources of electricity since 2023 for ERCOT (Electric Reliability Council of Texas). Electricity demand on ERCOT has steadily increased since 2021, and ERCOT had the fastest electricity demand growth among U.S. electricity […]
Securing the Patch: How Oilfield Service Companies Can Protect Against Rising Financial Cyber Threats
Cybersecurity threats and internet fraud are growing concerns for oil and gas service companies in the Permian Basin. While high-profile breaches involving major corporations make the headlines, cybercriminals are not targeting big companies exclusively. According to Accenture’s 2023 Cost of Cybercrime Study, 43 percent of cyberattacks target small businesses. In the oil and gas industry, companies often […]
Exxon, Occidental lead operators in rig counts in U.S., Permian Basin
ExxonMobil and Occidental Petroleum remain the leading operators in Permian Basin, according to the latest report by Enverus. In its summary of North American rig activity as of Oct. 17, Enverus said the latest weekly average for Exxon in Permian was 34.9 rigs followed by Occidental’s 20.3. Other leaders include Mewbourne Oil with 13.9 rigs, […]
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