Natural gas keeps stealing the headlines in O&G in 2025, and as the prospects for gas soar, so does the infrastructure commitments and hardware manufacturing. The latest rollout comes from PSB Industries, a specialist in the design and fabrication of systems for dehydrating and purifying gases and liquids. PSB announced its new offerings of Specialty […]
Declines of rig counts resume in U.S., Permian, Texas, New Mexico
After a one-week reprieve, the count of active drilling rigs in U.S. resumed its decline last week. Baker Hughes said in its weekly report of July 25 the U.S. count declined by 2 in the previous week to fall to 542. The U.S. count is down 8 percent or 47 rigs from 589 a year […]
State Land Office turns to courts to remediate abandoned wells in New Mexico
State Land Office of New Mexico is turning to courts to help plug and remediate abandoned oil and gas wells in the state. Santa Fe New Mexican recently reported that the agency filed three lawsuits against four operators to date this year. They allege that the wells in Permian Basin in southeast New Mexico are […]
S&P Global says methane intensity of production declines 50 percent in 2022-24
An analysis by S&P Global Commodity Insights reveals that methane intensity of oil and gas production in Permian Basin declined by more than 50 percent during 2022-24. The firm said, “Improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates.” The data for 2024 […]
The Rising Stature of Gas
Click here to listen to the Audio verison of this story! Despite the Permian Basin being the second-biggest natural gas producing region in the United States, gas is a byproduct—and often a nuisance—here. But to keep the oil flowing, the gas must also flow, even when sales prices are negative. Fortunately, infrastructure keeps being […]
Report: M&A deals in 2025 first half fall 60 percent from last year
Calgary-based Enverus Intelligence Research said Wednesday the value of M&A activity (mergers and acquisitions) in the first half of 2025 was down 60 percent from the value in first half of last year. 2025 first half value was $30.5 billion. Principal analyst Andrew Dittmar said, “Volatility in commodity and equity markets raised a major yellow […]
Matador increases production guidance without raising capital budget
After reporting record 2Q production of 209,013 boed (including 122,875 b/d of oil), Dallas-based Matador Resources said Tuesday it anticipates record annual production for 2025 without increasing budget. Matador increased 2025 guidance to 200,000-to-205,000 boed from 198,000-to-202,000 boed. Joseph Wm. Foran, chairman and CEO, said, “Matador achieves this balanced growth through our integrated team approach […]
Industry groups support new law to address ‘neglected electricity infrastructure’
New legislation in Texas that requires Railroad Commission of Texas to inspect oilfield utility poles was supported by Texas Oil and Gas Association and Permian Basin Petroleum Association. Ben Shepperd, president of PBAA, told Midland Reporter Telegram, “The Permian Basin Petroleum Association supported HB 143 to address the catastrophic Panhandle fires last year. This bill […]
New Texas law requires Railroad Commission to inspect oilfield utility poles
A bill co-authored by five members of the Texas House of Representatives, including three from west Texas, was signed into law by Governor Greg Abbott to require the Railroad Commission of Texas to determine if utility poles meet the national electrical code as it conducts oil and gas field inspections. HB 143 was written by […]
OSHA/DOGE
Greetings! While contemplating what topic I would write about, I came across an educational video from a safety company. In this video, a certified safety professional discusses a bill, introduced by Representative Andy Biggs, aimed at abolishing the Occupational Safety and Health Administration (OSHA). This safety professional delved into the bill’s contents, as well as […]
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