Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS platform, has released on Nov. 7 a new report examining various exploration and production (E&P) companies testing the Barnett Formation in the Midland Basin, including economic and productivity outcomes. “Sometimes the best place to find new oil is in already-producing areas, which neatly describes […]
Culture Needs Ethical Underpinnings
by Chuck Gallagher In an era marked by digital transformation, evolving work dynamics, and heightened public scrutiny, one might expect organizations to foster a culture embedded in ethical foundations. Yet, as recent statistics highlight, the reality presents a concerning disconnect. A predominant number of employees—87 percent to be precise—indicate their workplaces lack a foundational ethical […]
Christian Applauds Textbooks Decision
The Texas State Board of Education voted on Nov. 17 on its Proclamation 2024, which determines the types of textbooks and materials students will use in the 2024-2025 school year. Following the SBOE’s actions, Texas Railroad Commissioner Wayne Christian applauded the outcome and shared the following: “Students need to learn about fossil fuels and real-world energy, where it […]
OFS Jobs Continue to Climb
The Energy Workforce and Technology Council released its monthly jobs report on Nov. 7, indicating an addition of 1,736 oil & gas jobs to the Oilfield Service Industry, bringing its total to 652,874, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to September numbers and analysis. In comparison to the […]
Outlook for 2024: Four Trends to Watch in Oil and Gas
It’s been a successful 2023, in which the oil and gas industry has continued to win back investors and position itself as a key player of energy transition. This article looks ahead at four trends in 2024 proving to be a year full of opportunity and challenges. We’d like to offer the following insights from […]
DOE awards contracts to three companies for 2.9 million barrels for SPR
U.S. Department of Energy said this week it has awarded contracts to three companies for a total of 2,993,692 barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve at an average cost of $77.31 per barrel. DOE has now purchased 13.83 million barrels of oil this year for the SPR at an average price […]
Dick Sivalls to receive PBPA Top Hand Award Jan. 18 in Midland
C. Richard (Dick) Sivalls, president and CEO of Odessa-based Sivalls, Inc., has been named winner of the 2023 Top Hand Award from the Permian Basin Petroleum Association. The award will be presented Thursday, Jan. 18, 2024, at the Petroleum Club of Midland. The Top Hand award is presented each year to “an energy professional who […]
EIA reduces forecast for Brent crude oil price in 2024
U.S. Energy Information Administration recently reduced its forecast price for Brent crude oil for next year. EIA said Dec. 12 it expects the Brent price to be $83 per barrel next year – down from last month’s estimate of $93 per barrel. EIA said it expects the Brent crude oil price in first half 2024 […]
Apache enters partnership to study well-pad restoration in Permian Basin
Houston-based Apache Corp. recently announced a partnership with Borderlands Research Institute at Sul Ross State University in Alpine for a well-pad restoration research project. Researchers at BRI and Texas Native Seeds, a project of the Caesar Kleberg Wildlife Institute at Texas A&M-Kingsville, will investigate methods to improve habitat restoration in Permian Basin. The partnership plans […]
Marathon reports more production in 3Q, including 22,000 b/d of oil in Permian
Houston-based Marathon Oil recently said its production in 2023 third quarter in Permian Basin averaged 42,000 boed, including 22,000 barrels of oil per day. Two company-operated wells in Permian were turned to sales in 3Q. Marathon’s U.S. production averaged 369,000 boed in 3Q – an increase from 356,000 boed in 2Q. Oil production averaged 189,000 […]
- « Previous Page
- 1
- …
- 84
- 85
- 86
- 87
- 88
- …
- 371
- Next Page »