As I have alluded to before, I’ve seen and heard of some horrible accidents. I’ve delivered death messages and even experienced one delivered to myself and my family. Such traumatic moments summon to mind related terms—PTSD, often associated with military action, being one of these. Unfortunately we, in our industry, encounter this issue more frequently […]
Double Eagle IV grows production in Permian, holds portfolio of undrilled land
As Double Eagle IV brings online new wells and ramps up production in Permian Basin, Hart Energy recently asked: Is the Fort Worth-based company the most coveted private equity-backed exploration and production company in the Permian Basin? Double Eagle IV is led by co-CEOs Cody Campbell and John Sellers, who in 2021 guided Double Eagle […]
U.S. rig count falls for sixth quarter in a row to 581 at end of 2Q
Baker Hughes’ count of active drilling rigs in U.S. fell again as of June 28 for the fourth straight week. And the count fell in June for the fourth straight month, and the count fell for the sixth quarter in a row for the first time since 2020. The U.S. count was 581 – down […]
LandBridge reports data centers, fuel to power them important in its future
Newly public Delaware Basin surface owner LandBridge said last week development of data centers will be an important part of the company’s future. The Houston-based company, which owns about 220,000 surface acres in Texas and New Mexico in the core of the Delaware Basin, manages its land and resources to support and encourage oil and […]
Company Recognized as Revolutionary
Intelligent Wellhead Systems Inc. (IWS), a provider of innovative automation solutions for oilfield completions operations, announced that Industry Tech Insights, a business magazine dedicated to addressing current and future industry needs, selected the company May 2 as one of the “Top 10 Companies Revolutionizing Oil and Gas in 2024.” According to Industry Tech Insights, in 2024 the […]
Downhole Tools Provider Opens Delaware Basin Location
Fortress Downhole Tools, a provider of advanced setting tool solutions to the oil and gas industry, announced May 29 the expansion of its operations with the opening of four new strategic locations across the United States. The new locations include Carlsbad, N.M., serving the Permian Delaware Basin; Alice, Texas, serving the Eagle Ford Basin; Fort […]
O&G Contracts See 37 Percent Decline
The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline of 37 percent in disclosed contract value, dropping from $50.2 billion in Q4 2023 to $31.4 billion in Q1 2024. This decline was accompanied by a decrease in overall contract volume, according to a May 23 report from GlobalData, a data […]
November Elections Could Cause Deceleration of Energy Transition
A Republican victory in 2024 could roll back decarbonization policies and usher in a delayed energy transition for the United States. Low carbon supply investment occurs, just not at the pace for Net Zero. A victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the U.S. relationship with […]
The Geopolitics of Energy
Students from the Texas Christian University Neeley School of Business met with influential leaders throughout Europe as part of their course, “The Geopolitics of Energy.” The students and instructors from the Ralph Lowe Energy Institute held discussions with the International Energy Agency in Paris (see photo), the Energy Directorate of the European Commission in Brussels, and […]
U.S. energy production exceeded consumption by record amount in 2023
U.S. Energy Information Administration said this week U.S. energy production exceeded consumption by a record amount last year. In 2023 energy production in the U.S. rose four percent to a record of nearly 103 quadrillion BTUs. At the same time, energy consumption in the U.S. fell one percent to 94 quads. Production exceeded consumption by […]
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