Suwanee, Ga.-based Future Technologies Venture said recently it will open an office in Midland in 2Q to serve the oil and gas industry in Permian Basin. “This is a dynamic industry in a dynamic environment,” Valerie Sciortino, head of site development for Future Technologies, said. “Having more immediate access to our clients and their real […]
Permian, Texas, U.S. report declining rig counts for month of May
Permian Basin, Texas and U.S. each declined in count of active drilling rigs during May, according to weekly reports from Baker Hughes. As of May 31, Permian Basin reported 310 rigs (down from 312 the previous week, 348 the previous year and 317 to start the month), Texas reported 287 (unchanged from the previous week, […]
Select Water Solutions, Oxy recycle 50 million barrels of produced water
Houston-based Select Water Solutions said recently its collaboration with Occidental Petroleum in Midland Basin has treated and recycled 50 million barrels of produced water. The South Curtis Ranch treatment facility has been operating since March 2021. John Schmitz, chairman, president and CEO of Select, said May 20, “Reaching this milestone at one of our flagship […]
Bucking the 80-20
Some business coaches cite the 80-20 rule—which says 80 percent of a company’s productivity comes from 20 percent of its product lines—to recommend identifying and eliminating the less productive offerings in order to increase profits. That works great in a static business sector, where your main product or service line can be predicted. But in […]
Pioneer Expresses Disagreement With FTC Over Merger Condition
(BUSINESS WIRE)—Pioneer Natural Resources Company issued on May 2 the following statement in response to the decision by the U.S. Federal Trade Commission (FTC) to clear the proposed merger with Exxon Mobil Corporation subject to a consent order based on allegations in a settlement complaint directed at Scott Sheffield, former CEO of Pioneer: We disagree […]
Christian Blasts Biden’s LNG Attack
Railroad Commissioner Wayne Christian testified on May 2 before the House Select Committee on Protecting Texas Liquified Natural Gas (LNG) Exports. Earlier this year, the Biden Administration announced it was pausing approval for pending and future applications to export LNG. Texas ships out about half of the nation’s LNG. In 2023, Texas increased its LNG exports […]
Geothermal Project Completed For Urban Mixed-Use Property
Bedrock Energy, an early-stage technology company that designs and constructs geothermal heating and cooling systems, announced April 17 the completion of its inaugural geothermal project with real estate and infrastructure owner, operator, lender, and developer CIM Group. Bedrock successfully installed a geothermal borefield and heating and cooling system at Building D of the Penn Field […]
Nitrogen Rejection Unit Erected in West Texas
BCCK, a leader in engineering, procurement, fabrication and field construction services, announced April 1 another award of a NiTech Dual Tower Nitrogen Rejection Unit (NRU) to be located in West Texas. The newly awarded 160 MMSCFD NiTech Dual Tower NRU utilizes cutting-edge technology to extract nitrogen from the residue gas of a cryogenic gas processing facility. This […]
Texans’ High Cost of Losing Health Coverage
by M. Ray Perryman Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimated 2.1 million Texans have lost their coverage. Texas has by far the highest number of uninsured in the country and has removed significantly more individuals from coverage than any other state. The primary reason to […]
U.S. Jobs Market Takes Breather After Strong Start To 2024
The non-farm payroll (NFP) report for April 2024 was viewed as normalizing downward, towards the average trend of the previous year, with 255,000 payroll additions, marginally ahead of the consensus expectation of 250,000, but below last month’s 303,000. This downward normalization is reflective of the recent U.S. Job Openings (JOLTS) for March, which decreased by […]
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