Oil supply in the United States saw major growth in 2023, with production rising by 850,000 barrels per day. However, oil demand has not kept pace with this increase and looks incredibly weak going in 2024. To remedy this mismatch and set up a more positive outlook for 2025, producers are expected to slow production […]
TCU Focuses on Innovation: Energy Reimagined
More than 300 energy experts and professionals from around the nation came to Texas Christian University’s Neeley School of Business March 21 for the TCU Global Energy Symposium. The sold out conference, “Reimagining the Business of Energy: The Era of Innovation,” was hosted by the Ralph Lowe Energy Institute. The panels and speakers focused on […]
Jobs in Energy Begin Slow Trajectory Upwards
Jobs in the U.S. oilfield experienced a slight gain from the past several months, increasing by 1,466 jobs in the U.S. oilfield services sector during February 2024, according to a March 11 report citing preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to January numbers and analysis by the Energy Workforce and […]
RRC Commissioner Applauds Cancellation of BlackRock’s Contract
Following news that the Texas State Board of Education (SBOE) and Chairman Aaron Kinsey would terminate an $8.5 billion contract with BlackRock, Texas Railroad Commissioner Wayne Christian applauded the SBOE’s decision, which protects Texas’ Permanent School Fund and classrooms across the state, and expressed the following sentiments: “Texas state leadership continues to land blows to BlackRock and […]
ValTek donates $50,000 to Children’s Rehabilitation Center
ValTek, a leader in the engineering and manufacturing of high-performance hydraulic fracturing pumps, parts and expendables, has donated $50,000 to the Midland Children’s Rehabilitation Center (MCRC), which provides neurological, orthopedic, and developmental therapy to children throughout the Permian Basin. ValTek was awarded $50,000 at the Daniel Energy Partners BBQ Cook-Off in September after being named […]
Milestone Opens New Landfill
Milestone Environmental Services, LLC, an environmental services and carbon management company and the largest energy waste sequestration company in the United States, announced on March 26 the opening of its Stanton Landfill facility, located 10 miles south of Stanton at 512 County Road 470. The facility is now accepting drill cuttings, contaminated soils, non-injectable fluids, […]
Oil, gas companies in Permian Basin donate to panhandle wildfire relief fund
Five leading oil and gas operators in Permian Basin have donated a total of $200,000 to the Panhandle Disaster Relief Fund of Amarillo Area Foundation to support residents impacted by the recent wildfires in the panhandle. They are Chevron, ConocoPhillips, Diamondback Energy, Permian Resources and Pioneer Natural Resources. Nick Olds of ConocoPhillips told the Midland […]
Earthquakes strike in Loving, Winkler counties in far west Texas
A series of at least 11 earthquakes occurred in far west Texas in the past week in Loving and Winkler counties of the Permian Basin. Since April 24 there have been 11 quakes of at least 2.5 magnitude, including four of at least 3.0 magnitude. Justin Rubinstein of the U.S. Geological Society told the Midland […]
U.S. rig count declines by 6 in week to 613, Texas adds 1 for 297 rigs
The count of active oil and gas drilling rigs declined last week in U.S., but Texas registered a small gain. Houston-based Baker Hughes said as of April 26 there were 613 rigs in U.S. (down 6 in past week, down 142 in past year), 297 in Texas (up 1 in past week, down 80 in […]
$1.85 billion industry provider U.S. Silica acquired by Apollo Global Management
Katy-based U.S. Silica said last week it will become a privately held company after its acquisition by investment firm Apollo Global Management. The industrial minerals company is valued at $1.85 billion. The 124-year-old company produces commercial silica used in the oil and gas sector and other industrial applications. It operates 26 mines and processing facilities […]
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