The EY US oil and gas reserves, production, and ESG benchmarking study reveals an industry demonstrating remarkable resilience and financial performance, despite facing a challenging economic landscape in 2023. The study, released Aug. 20, examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a […]
MidStream Company Expands Midland Basin Gas System
Brazos Midstream announced Aug. 15 the completion of several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin, one of the most active oil and gas producing regions in the United States. Brazos’ buildout of new Midland Basin gas midstream infrastructure is anchored by the […]
Whitley Penn Named to a “Top 100”
Whitley Penn has been named a “Top 100 Firm” by INSIDE Public Accounting (IPA), ranking 35th in the annual ranking of the largest accounting firms in the nation. “It fills us with pride to be acknowledged as one of the Top 100 Firms by IPA,” stated Larry Autrey, CEO and Managing Partner of Whitley Penn. “This honor is a […]
Analyst Firm Ranks Drillers
Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, has released on Aug. 27 a list of top drillers and customer rankings in the United States, as well as detailed drilling rig analytics. Included in the release is a compilation of exclusive tables showing the most active drillers by footage, ranking both the […]
Global IoT to Surpass $1.5T by 2029
The Internet of Things (IoT) has become a fundamental component of modern technology. According to an Aug. 30 notice from Stocklytics.com, the global IoT market is expected to earn $1.5 trillion in revenue by 2029. As the site’s financial analyst, Edith Reads, observes: “The demand for more technological advancements, widespread industry adoption, and a growing […]
Portrait of a Roustabout
A roustabout is, in some ways, the essence of what the oil patch is all about. Sometimes confused by the public as a roughneck, a roustabout is generally thought of as just a less-skilled oilfield hand than a roughneck, but the fact is, their occupations are different. Roughnecks work on the rig floor, in proximity […]
BP Wind Energy to sell U.S. onshore wind energy assets in seven states
BP said last week it will sell its 10 wind energy onshore assets across seven U.S. states. William Lin, BP executive vice president for gas and low carbon energy, told NBC News, “We believe the business is likely to be of greater value for another owner.” BP Wind Energy assets have total net generating capacity […]
Atrisco solar farm in New Mexico begins commercial operation
Atrisco solar farm in New Mexico, developed and built by a subsidiary of Enlight Renewable Energy, started commercial operation recently. Enlight’s largest project to date, the Atrisco complex is comprised of solar arrays and a battery energy storage near Albuquerque delivered by subsidiary Clenera Holdings. The 364-megawatt solar farm is expected to reach full commercial […]
Diamondback, Kinetik increase ownership in EPIC crude pipeline
Midland’s Diamondback Energy, in partnership with Kinetik Holdings, said Tuesday it is boosting its takeaway capacity and ownership stake in EPIC crude pipeline. Diamondback and Kinetik acquired a 30 percent equity interest in EPIC Crude Holdings; each now owns 27.5 percent of EPIC Crude. EPIC Midstream continues to own the other 45 percent equity interest […]
A Delaware Deal, Dissected
Consolidation and asset rationalization continue to change the landscape in the Permian Basin. Among the winners is Permian Resources (PR), which just bought nearly 30k net acres in the Delaware Basin from Occidental Petroleum (OXY) for $817.5 million or just over $27k per acre. Occidental was looking to sell assets in order to pay down […]
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