In 2024, we can expect to see a dramatic escalation in AI-fueled disinformation and sophisticated cyber threats, especially during the U.S. election year. With disinformation spreading more rapidly due to advanced AI tools, email authentication will become critical to safeguard against false narratives. The election season will likely see intensified information attacks, highlighting the need […]
Soliman’s Legacy of Innovation Celebrated
For nearly seven decades, hydraulic fracturing technology innovation has been the cornerstone of economic production from low permeability formations, unlocking vast reserves of natural gas and oil. The success of this technology relies on the collaboration of experts from various disciplines, including rock and fluid mechanics, geoscience, completion engineering, reservoir engineering, and production engineering. At […]
Volatility Likely for Another Year
Volatility was the name of the game in 2023. Given the conflicts in Europe and the Middle East and ongoing concerns about sluggish economic growth in China and elsewhere—it’s no wonder energy prices remained volatile through most of the year. This volatility and uncertainty also served to drive deal making to a 10-year low. With a […]
Report: U.S. enters 2024 producing more oil than any country in history
S&P Global Commodity Insights recently said U.S. entered 2024 producing more oil than any country in history. U.S. leads strong non-OPEC+ supply growth that exceeds the rising global demand, S&P Global said in its latest oil markets outlook. U.S. total liquids production in 4Q stood at 21.4 million barrels per day, including 13.3 million b/d […]
Permian leads basins by adding 3 active drilling rigs in past week to 310
Permian Basin led major producing regions in U.S. by adding 3 rigs in the past week for a new total of 310 (357 year ago). According to Baker Hughes, as of Jan. 26, there were 304 rigs in Texas (305 previous week, 380 year ago), 99 in New Mexico (98 week ago, 105 year ago) […]
NGL Water Solutions to expand Lea County Express water pipeline
Tulsa-based NGL Energy Partners said recently its NGL Water Solutions is expanding its Lea County Express water pipeline to 340,000 barrels per day. LEX is growing by 200,000 b/d from 140,000 b/d in an expansion scheduled to be completed this year. LEX will include a 27-mile pipeline and disposal wells. It is expandable to 500,000 […]
Start the New Year with a New Challenge
The new year is here and the odometer is rolling over once again. The year 2023 is a distant memory and 2024 has arrived. Many take the new year as an opportunity to set new goals and make resolutions. Did you make a list of new year’s resolutions? They are certainly easy to contemplate and […]
Public Utility Commission conducts workshop to study Permian power demand
Public Utility Commission of Texas was host for a workshop recently in Midland for representatives from the oil and gas industry, transmission and distribution utilities in the region, and staff from Electric Reliability Council of Texas. Lori Cobos, PUCT commissioner, said, “Reliable, affordable electricity is essential to powering our state’s growing economy, including the success […]
Enverus: Permian dominates M&A activity in 2023, but no ‘encore’ likely in 2024
Permian Basin dominated M&A activity in U.S in 2023, according to report released Tuesday by Enverus Intelligence Research. Enverus said mergers and acquisitions in Q4 and fullyear 2023 both were records – $144 billion in upstream M&A in Q4 (the largest quarter EIR has tracked) and $190 billion for fullyear 2023. Driving the surge in […]
Williams Companies receives FERC approval for expansion of Transco
U.S. Federal Energy Regulatory Commission last week approved several natural gas pipeline projects, including the Williams Companies’ expansion of its Transcontinental gas pipeline system (Transco). The expansion of Transco in Texas and Louisiana will add about 364,400 dekatherms per day of pipeline capacity to the system by 2025Q1. Transco is a 10,200-mile natural gas transportation […]
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