Federal Trade Commission on Thursday approved ExxonMobil’s $64.5 billion purchase of Pioneer Natural Resources, but FTC issued a consent agreement that prevents Pioneer founder and former CEO Scott Sheffield from serving on the Exxon board of directors or serving as an advisor based on allegations he attempted to collude with OPEC to raise oil prices. […]
Texas upstream oil, gas sector adds 4,500 jobs in March – most since June 2011
Texas Workforce Commission recently said employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March. It’s the largest single month of growth in upstream jobs since June 2011. Since a low point in September 2020 during a global pandemic, the months of increase in upstream oil and […]
Midland’s ProPetro to provide electric hydraulic fracturing services to Exxon
Midland-based ProPetro Holding Corp. said Monday it reached agreement with ExxonMobil to provide electric hydraulic fracturing services in the Permian Basin. The three-year agreement includes deployment of two electric hydraulic fracturing fleets and wireline and pumpdown services in first half of 2024. There is an option for a third fleet early next year. Sam Sledge, […]
Whitley Penn Recognized as “Top 100” by Accounting Today
Whitley Penn has been named a “Top 100 Firm,” according to a March 13 announcement by Accounting Today. The firmed ranked at #35 of the nation’s top accounting firms. The firm also ranked #39 among the Top Tax Firms as well as the second largest firm in the Southwest. “We are delighted to be recognized in Accounting Today’s Top 100 Firm […]
Donation Founds Texas Tech’s First Veterans Legal Clinic
A generous gift to Texas Tech University will establish a new scholarship for full-time students in the Edward E. Whitacre Jr. College of Engineering who are employed. A $1.6 million donation from the William A. Brookshire Foundation to Texas Tech University will found the Texas Tech School of Law Veterans legal Clinic—a service free to veterans that provides […]
TPPF Launches National Center for Energy Analytics (NCEA)
The Texas Public Policy Foundation (TPPF), on March 20, launched the National Center for Energy Analytics (NCEA), a new national energy think tank led by distinguished fellow Mark P. Mills and comprised of a team of world-class scholars dedicated to reality-driven energy analyses. The NCEA will produce credible, unbiased research on energy issues, both proactively […]
Axis Deploys Electric Service Rig
Axis Energy Services announced on March 11 its successful deployment of what it describes as the oil and gas industry’s first fully electric well service rig, this one devoted to wells operated by Occidental. Axis’ “Epic Rig” provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions […]
Oil Production Growth to Slow In 2024 Due to Softened Demand
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 […]
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