Houston-based EON Resources, independent upstream energy company with properties in Permian Basin, said last week that subsidiary EON Energy agreed with WPP NM and Northwest Central to acquire all their interests in South Justis field in Lea County, N.M. EON will exchange one million Class A common shares of the company (without cash consideration or […]
Post Oak Energy Capital closes Fund V with investments in Permian Basin
Houston-based Post Oak Energy Capital said last week it closed Fund V of Post Oak Energy Partners in May with capital investments of $600 million. Consistent with Post Oak’s four earlier funds, Fund V will focus on the lower middle market of North American upstream oil and gas industry. The fund partners with experienced management […]
Texas legislature approves $593 million for Railroad Commission for 2 fiscal years
Railroad Commission of Texas said this week the 89th session of the Texas legislature that ended June 2 provided historic funding of more than $593 million for the next two fiscal years beginning Sept. 1, 2025. The appropriations include $100 million for oil and gas well plugging to be used in the commission’s state-managed plugging […]
Getting a Line on Wireline
Click here to listen to the Audio verison of this story! Change comes to every sector of the oilfield, working its way through the various niches. Sometimes it comes by technological advance, sometimes by economic realities asserting themselves, sometimes by scarcity—or abundance—of resources. And sometimes it comes from ripple effects of mergers, acquisitions, and […]
EIA: Gas storage capacity increased in 2024 in U.S., declined in South Central
Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. Energy Information Administration. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. Both increased in 2024. Demonstrated peak capacity, the sum of the largest volume of […]
Energy Workforce says oilfield services sector remains “resilient”
A new jobs report released last week by Houston-based Energy Workforce and Technology Council noted the “continued resilience in the energy services sector amid signs of a broader national labor market slowdown.” The report cites data from the Bureau of Land Management and analysis by the council. Total jobs in the energy services sector reached […]
Wright succeeds Midland’s Craddick as chair of Railroad Commission
Jim Wright, commissioner of the Railroad Commission of Texas, was elected chair at the commission’s meeting Wednesday in Austin. He succeeds Midland’s Christi Craddick as chair. A resident of Orange Grove, Wright was elected to the commission in November 2020. A graduate of Midland High School and University of Texas, Craddick said in March she […]
Mental Health is Also Health
Welcome and salutations! We may be going into some tough times, not that we as Americans—or as members of the oil and gas community—haven’t had our share already. One topic that is prevalent in our industry and often skirted or glossed over is mental health. It is a given that our industry is a “dog […]
Report: ERCOT data show renewable energy companies canceling projects
According to Houston Chronicle, data from Electric Reliability Council of Texas show that renewable energy and battery storage companies are canceling projects in Texas at a rate not seen since the global pandemic. The Chronicle said tariffs initiated by President Trump in April “are the most pressing challenge to the clean energy industry… These tariffs […]
Rig counts in U.S., Permian Basin decline for seventh consecutive week
Counts of active drilling rigs declined for the seventh consecutive week in U.S. and Permian Basin, according to June 13 report from Baker Hughes. There were 273 rigs in Permian (down 2 from 275 week ago, down 36 or 12 percent from 309 year ago) and 555 in U.S. (down 4 from 559 week ago, […]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 371
- Next Page »