With the sharp recent increase in oil prices, investors have become more enthusiastic about energy stock prices. Bargains are now much harder to find, as while 36 percent of Morningstar’s energy coverage was undervalued last quarter, it is now just 17 percent. Morningstar finds ongoing oil supply cuts by Saudi Arabia and Russia put $100 per […]
RRC Proposes Overhaul for Water Protection Rules
For the first time in nearly 40 years, the Railroad Commission’s Statewide Rule 8 will undergo a substantial overhaul to better reflect modern waste management practices and recent advancements in production methods. One of the highest priorities of the Railroad Commission of Texas (Commission) is the protection of groundwater resources. Water protection is a major […]
RRC Commissioner: White House is “Weaponizing” ESA
Texas Railroad Commissioner Wayne Christian recently authored a letter to the Biden Administration’s U.S. Fish and Wildlife Service (USFWS) opposing their pending rule which would designate the Dune Sagebrush Lizard (DSL) as an endangered species under the Endangered Species Act (ESA). With the DSL primarily residing in the Permian Basin region, this classification will specifically impact hydrocarbon […]
Council Launches SecureWell Course
The Houston-based Energy Workforce and Technology Council announced on Sept. 13 the launch of the SecureWell: Well Control Certification Course, signaling the industry’s newly revitalized efforts to address the specifics of well control, operation, security, and safety. SecureWell’s mission is to provide industry standards for effective equipment selection and purpose-drive practical well control training for cased hole applications. […]
Accounting Firm to Offer Cybersecurity and Data Privacy
The Dallas-based accounting firm Whitley Penn has expanded its Risk Advisory Services Cybersecurity & Data Privacy practice led by Cybersecurity Managing Director, Jesus Vega. Service offerings include conducting Cybersecurity Risk Assessments, CIO Advisory and vCISO Services, Penetration Testing, Data Privacy, and Cloud Services. Organizations need to adopt reliable security technologies and establish strong safeguards to effectively combat enterprise […]
North America to Lead Ammonia Capacity Additions
North America is set to lead the global ammonia industry capacity additions with a share of 37 percent by 2030 by gaining capacity from new-build and expansion projects between 2023 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ammonia Capacity And Capital Expenditure Outlook By Region, Countries, Companies, Feedstock, Projects […]
The High Economic Cost of the Opioid Crisis
by Dr. M. Ray Perryman Opioid addiction and overdoses have devastated individuals, families, and communities across the state, nation, and world. The human costs of this health crisis are immeasurable and are the reason why aggressively attacking this crisis is a social and humanitarian imperative. At the same time, there are significant economic consequences […]
O&G Finds Growth Prospects
Thanks to the latest technological advances and the development of new reserves, the country’s natural gas resources and reserves are at their peak, standing at their current 3,978 Tcf. Observers foresee a reliable national gas supply going forward, with industry growth anticipated to meet the increased production, processing, and storage that such an abundance demands. […]
PBPA: Fighting for Fairness, Collectively and Individually
While the Permian Basin Petroleum Association is largely and primarily an advocate for our members on proposed laws and regulations, representing our members in two branches of our government, we also at times find ourselves representing our members in the third, judicial, branch of government. In just the recent past, PBPA has taken on legal […]
Job growth continues in Texas and its oil and gas industry
Job growth continues in Texas and its oil and gas industry. Texas Independent Producers and Royalty Owners Association reported nearly 12,000 active job listings in September and more than 4,500 new job posts. Texas Workforce Commission reported 61,400 new jobs in September and 435,000 additional jobs since last September in the state. U.S. Bureau of […]
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