FORT WORTH, TEXAS—Billed as the largest shale event of the year, the Super DUG 2025 oil and gas conference gathered the faithful to this city and its Convention Center for two information-packed days of speakers, sessions, panels, and pronouncements, as well as a trade show and a full slate of off-premises receptions, parties, performances (including […]
U.S. oil imports from OPEC decline while imports from Canada nearly doubles
According to U.S. Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. In its Monthly Energy Review last week, EIA said imports from Saudi Arabia, Arabia, Algeria, Iraq and other OPEC countries has been declining since 2006 while imports from Canada have […]
United Energy creates small-scale LNG platform in Texas, Kansas
Plano-based United Energy LNG and Power LNG last week announced an agreement to create a scalable small-scale LNG platform to serve industrial, power and transport markets across North America. The combined entity, United Energy LNG, oversees a portfolio of three LNG production sites in advanced stages of development, including its first project site in Houston. […]
EIA report: Imports of energy to U.S. fall to 40-year low in 2024
U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. U.S. Energy Information Administration said July 7 in its Monthly Energy Review, “The decline in imports’ share of supply in the previous two decades is attributable to both an […]
Permian rig count unchanged last week to halt decline, but Midland down to 17
The count of active drilling rigs in Permian Basin ended 10 weeks of decline, but the U.S. count fell for the 11th consecutive week. Baker Hughes said as of July 11 there were 265 rigs in Permian Basin (unchanged in the past week, down 40 rigs or 13 percent from 305 a year ago) and […]
Count It a Successful Session
Click here to listen to the Audio verison of this story! Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The Association took the initiative to the next level, citing the prevention of industry theft as a PBPA legislative […]
ExxonMobil leads U.S., Permian in rig count; Permian reports decline in permits
ExxonMobil is the only one of the top seven U.S. operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil is the leading operator in both U.S. and Permian Basin. In the U.S., ExxonMobil reported 39 working rigs as of July 4 (weekly average […]
EIA expects decline in U.S. production this year from previous forecast
This week U.S. Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. producers slowing their drilling and completion activity this year. As a result, we forecast U.S. crude oil production will decline from an all-time high […]
Mach Natural Resources acquires Permian assets to mark entry into basin
Oklahoma City-based Mach Natural Resources said Thursday it has acquired oil and gas assets totaling about $1.3 billion to mark entry into Permian Basin and San Juan Basin to complement its existing operations in Mid Continent. The acquisitions from Sabinal Energy and entities owning oil and gas assets managed by IKAV Energy will nearly double […]
Training our Local Workforce
Author Stephen Covey viewed failure not as a setback but as a chance to learn, reflect, and adjust one’s approach. He believed that failure occurs only when we give up and stop trying. He emphasized the importance of reflecting on past mistakes and learning from them, and suggested that businesses are built not only on success but […]
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