“It is unrealistic to believe that the global vehicle population of more than one billion cars with combustion engines can be replaced by electric cars in the foreseeable future,” says Frank Obrist, founder of the Obrist Group, which focuses on sustainable energy concepts, and calls for “more realism and less ideology in energy policy.” He […]
Christian: Biden’s LNG Policies Hurt Americans And Endanger Europeans
Following news that the Biden Administration would effectively pause new liquefied natural gas (LNG) plants, Texas Railroad Commissioner Wayne Christian on Jan. 26 issued the following statement: “Texas natural gas is saving the free world, and President Biden wants to end it. His administration’s pause on new liquified natural gas export (LNG) plants may recklessly endanger European […]
Control Devices Acquires Gilmore
Control Devices LLC, a portfolio company of HBM Holding, announced Jan. 29 it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector. “Gilmore has a history of excellence in the […]
Rig counts increase in Permian Basin, Texas, New Mexico and U.S.
Permian Basin, Texas, New Mexico and U.S. each reported an increase in count of active oil and gas drilling rigs in the past week. Baker Hughes said as of Feb. 23 there were 314 rigs in Permian (312 previous week, 353 year ago), 301 in Texas (299 previous week, 370 year ago) and 102 in […]
Oxy production in Permian to be flat in 2024 after 14 percent increase in 2023
Houston-based Occidental Petroleum said recently its 2024 production in Permian Basin will be flat after a 14 percent increase last year. Total production this year is forecast at 1.22 million-to-1.28 million boed (midpoint would be an increase of 2.2 percent from 2023). In 2023Q4 Occidental’s total production was 1.23 million boed, including 588,000 boed from […]
Targa reports record Permian volumes, startup of Wildcat II gas plant
Houston-based Targa Resources reported recently Permian record volumes for fullyear 2023 and 2023Q4 and said it completed and commissioned in late 4Q the Wildcat II gas plant in Winkler County in Delaware Basin. Wildcat II capacity is 275 million cfd. Targa produced record Permian, NGL transportation, fractionation and LPG export volumes for 2023 fullyear and […]
PBPA: Making 2024 The Year to Be Seen and Heard
The PBPA Top Hand Award Banquet was a wonderful evening honoring Mr. Dick Sivalls just a few days ago. Thank you to all those that participated in the honoring of another incredibly worthy recipient this year. The Top Hand Dinner has become one of my favorite events of the year. Each and every time I […]
One seat on Railroad Commission included in Texas primary elections March 5
Election day is Tuesday, March 5, for Texas’ primary elections for federal, state and local offices. Included is an election for one of three seats on the Railroad Commission of Texas, the agency that regulates the state’s oil and gas industry. Candidates on the Republican ballot are incumbent Christi Craddick of Midland, current chair of […]
EIA forecasts Permian oil production to increase to 6.085 million b/d in March
Permian Basin is one of four major producing regions expected to increase production of crude oil next month. In the latest drilling productivity report Feb. 12 from U.S. Energy Information Administration, crude oil in Permian Basin is forecast at 6.085 million barrels per day for March – an increase of 14,000 b/d from 6.071 million […]
Diamondback subsidiary, Verde agree on natural gas-to-gasoline project
Houston-based Verde Clean Fuels said last week it executed a joint agreement with Cottonmouth Ventures for the proposed development, construction and operation of a facility in Martin County to produce commodity-grade gasoline using associated natural gas from Diamondback Energy in Permian Basin. Cottonmouth is a subsidiarity of Midland’s Diamondback. The agreement provides “a pathway forward […]
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