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 […]
Energy Demand to Rise 50% By 2050
On April 23, Energy Workforce and Technology Council President Tim Tarpley and EWTC Board Member Ron Gusek, president, Liberty Energy, testified in Plano, Texas, before the U.S. House of Representatives House Oversight Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs during the field hearing titled “Drilling Down: Oversight of the Challenges and Opportunities Facing the U.S. Energy Production.” The […]
Companies Form Business To Streamline Tech Integration
FieldComm Group and FDT Group announced April 23 the completion of a term sheet outlining a plan to create a single business aimed at advancing integration technology and harmonizing control system applications across multiple protocol topologies supporting both process and factory automation. Subject to the completion of a definitive agreement, the new business will continue […]
Quick Action Minimizes Sand Mine Fire Damage in Kermit
(BUSINESS WIRE)—As reported by media outlets previously, on April 14 a mechanical fire occurred at the Atlas Energy Solutions Inc. mine in Kermit, Texas. Atlas officials said they remain grateful that all personnel at the site, including employees and contractors, are safe, that no injuries occurred, that no environmental impacts have been reported, and that […]
U.S. Onshore Drilling Rigs valued at $7.4 Billion
(BUSINESS WIRE)—The U.S. Land Drilling Rigs Market was valued at $7.4 billion in 2023 and is anticipated to project robust growth in the forecast period with a cumulative annual growth rate (CAGR) of 5.7 percent through 2029. The U.S. land drilling rigs market stands as a dynamic sector within the country’s energy landscape. Driven by […]
EIR: Permian Drives Mergers, But Pace to Slow
Enverus Intelligence Research, EIR, a subsidiary of Enverus, a generative AI and energy-dedicated SaaS company, has released its summary of 1Q24 upstream M&A activity. Following last year’s blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals. However, EIR is pumping the brakes […]
Occidental leads rig operators in Permian, ConocoPhillips tops in U.S.
Enverus reported May 24 that ConocoPhillips is the most active operator in the U.S. and Occidental Petroleum is the most active operator in the Permian Basin. In the U.S. for the week that ended May 24, ConocoPhillips led with 31 rigs followed by EOG Resources and Occidental with 27 each, Mewbourne Oil with 25, Continental […]
Energy Transfer to acquire Midland’s WTG Midstream
Houston-based Energy Transfer said Tuesday it agreed to acquire Midland’s WTG Midstream Holdings from affiliates of Davis Estate, Diamondback Energy and Stonepeak. The deal is valued at $3.25 billion, including $2.45 billion in cash and about 50.8 million newly issued Energy Transfer common units. The assets are expected to provide Energy Transfer with increased access […]
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