Houston-based Surge Energy US Holdings said June 25 it will partner with U.S. Well Services on a field trial using USWS’ all-electric Clean Fleet for Surge’s first completions with all-electric hydraulic fracturing. Surge is an independent oil and gas company focused on its 110,000 net acres in Midland Basin. Linhua Guan, CEO of Surge, said, […]
New state law creates Texas Produced Water Consortium at Texas Tech
Gov. Greg Abbott signed into law June 18 a bill that created the Texas Produced Water Consortium at Texas Tech University. State and private groups will collaborate to study the economics, technology and environmental impact of the reuse of produced water. The consortium is required to develop a report by September 2022 to propose regulatory […]
Global O&G Contracts Stable in Early 2021
Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, “Q2 2021 Global Oil and Gas Industry […]
Archrock Donates Compressor System to Midland College
Archrock Inc., which markets itself as the leading provider of midstream natural gas contract compression services in the United States, on June 7 donated a compressor package worth approximately $200,000 to Midland College. This donation included a contained portable gas lift compression system, equipped with updated Centurion and EICS controls. Headquartered in Houston, Archrock operates […]
XRI Acquires Hibernia’s Water Infrastructure Assets
XRI Holdings, LLC, a leading full-cycle water management and midstream company with fixed infrastructure owned throughout the Permian Basin, announced May 27 that it has acquired the produced water infrastructure assets of Hibernia Energy III, LLC, through its wholly-owned subsidiary, Celtic Disposal, LLC. Through this transaction, XRI will become the long-term provider to Hibernia of […]
$100 Oil on the Horizon?
By Steve Hendrickson, president, Ralph E. Davis (RED) Associates In late May, RED Associates made a case for significantly higher oil prices over the next few years due to a set of converging factors that would create a supply/demand imbalance, pushing oil prices above $100 per barrel. This argument could be summarized like this: resumption […]
Kimmeridge Publishes White Paper: “Why the Energy Industry Needs to Build its Own Carbon Offset Exchange”
June 3, 2021 NEW YORK and DENVER, June 3, 2021 /PRNewswire/ — Kimmeridge Energy Management Company, LLC (“Kimmeridge”), a private equity firm focused on upstream energy, with an investment philosophy underpinned by fundamental research, today published a white paper entitled: “Why the Energy Industry Needs a Carbon Offset Exchange.“ Contrary to popular belief, little has happened in the past year to […]
Oil and Gas Winning Streak Remains in Delicate Balance
Enverus, a leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report. Entitled “A Delicate Balance,” the report focuses on oil and gas’ current winning streak and includes the company’s five-year market outlook, current view of the oil, natural gas and NGL markets, and the financials supporting them. According to […]
Economic Growth to Continue Through 2021
The economic recovery in the United States will continue for the rest of 2021, say the nation’s purchasing and supply executives in the Spring 2021 Semiannual Economic Forecast. Expectations for the remainder for 2021 have strengthened somewhat, compared to December 2020, as there is hope that the corner has been turned on the coronavirus (COVID-19) […]
Looking to the Future
The start of June marks the end of the 87th Regular Session in the Lone Star State and Representatives and Senators from across the state are returning to their communities to share the results of a legislative session that began with pandemic, met the challenges of an unexpected winter storm, and continued to persevere with […]
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