ExxonMobil leads Permian Basin operators in working rigs in the basin as of June 28, according to Enverus. Other basin leaders include Occidental Petroleum with 22, Mewbourne Oil with 19, and ConocoPhillips, EOC Resources and Devon Energy each with 16. Chevron and Permian Resources have 12 rigs each, and Diamondback and Endeavor have 11 each. […]
Texas Pacific Water Resources receives environmental excellence award
Texas Pacific Water Resources recently received the annual Bruno Hanson/Midland College Environmental Excellence Award. The award was presented at a Permian Basin environmental regulatory seminar for Texas Pacific’s research into treating and recycling produced water. Gretchen Hanson Bakke, member of the award committee, told Midland Reporter Telegram, “The committee selected Texas Pacific Water Resources for […]
Texas, U.S. report gains in drilling rig counts for first time in seven weeks
For the first time since May 17, U.S. and Texas reported increases in count of active drilling rigs. Baker Hughes said in its weekly report of July 5 there were 585 rigs in U.S. (up 4 in past week, down 95 in past year) and 278 rigs in Texas (up 1 in past week, down […]
The Charged Climate Around EVs
We live in times of transition and surprises, so seeing that the market for Electric Vehicles (EVs) has struck a downward inflection point in 2024, causing manufacturers to apply the brakes to some of their earlier enthusiasm, should not catch us too much off guard. Lots of market segments are seeing disruption of some form […]
Price Wars
The oil and gas industry is no stranger to challenges, which historically have been overcome through innovation and collaboration. However, working together to develop solutions is not an option when the threat surfaces from within. With the Permian Basin so enriched by its vast oil and gas assets, the trucking industry should be capitalizing on […]
EIA report: Increasing gasoline inventories contribute to lower prices
U.S. Energy Information Administration said this week U.S. weekly average gasoline prices have declined 19 cents per gallon since a 2024 high in April. Prices fell to $3.48 per gallon July 1 – 5 cents per gallon less than a year ago. EIA said, “Increasing gasoline inventories, relatively weak demand and oil prices below recent […]
Texas LNG Brownsville nears sellout of volumes from new plant at port
Texas LNG Brownsville is nearing sellout of its supplies from its LNG plant being developed at the Port of Brownsville, according to Brendon Duval, co-president. Duval said Tuesday the company signed a non-binding agreement with an unnamed company for long-term supply of 500,000 tonnes per year of LNG from its Brownsville plant (4 million tpy). […]
Energy Transfer could have next gas pipeline from Permian after Matterhorn
Tom Long, co-CEO and CFO for San Antonio-based Energy Transfer Partners, said recently his company could have the next pipeline from west Texas after this year’s launch of Matterhorn Express. Long said the industry has “a strong interest in another pipeline probably by mid- to late-2026. We are very optimistic that we will be the […]
Permian People
Enverus, an energy-dedicated SaaS and generative AI company, announced May 29 the promotion of Manuj Nikhanj to the position of CEO, effective July 1. Nikhanj, who served as Enverus’ president, succeeds Jeff Hughes, who will continue to support the company in the role of executive chairman. “With global scale, a growing customer base, […]
Survivor Guilt?
As I have alluded to before, I’ve seen and heard of some horrible accidents. I’ve delivered death messages and even experienced one delivered to myself and my family. Such traumatic moments summon to mind related terms—PTSD, often associated with military action, being one of these. Unfortunately we, in our industry, encounter this issue more frequently […]
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