Texas oil and gas companies face new deadlines to plug inactive wells after Gov. Greg Abbott signed Senate bill 1150 into law June 20. Texas Tribune said it’s “the first legislation in years toward addressing the growing environmental problem for which the state’s taxpayers have become increasingly responsible.” SB 1150, written by Sen. Mayes Middleton, […]
Mewbourne Oil climbs to second in list of top 100 private oil and gas producers
Tyler-based Mewbourne Oil Co. moved to second in Enverus’ latest list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements in 2024. Mewbourne, founded in 1965, coordinates its operations in Permian Basin from offices in Midland and Hobbs, N.M. Continental Resources, […]
U.S. oil output hits record 13.47 million b/d in April, Texas up to 5.77 million b/d
U.S. crude oil production reached a record of 13.47 million barrels per day in April, according to Monday’s Petroleum Supply Monthly from U.S. Energy Information Administration. That topped the record of 13.45 million b/d from March. EIA said in Texas, the nation’s top producing state, oil production increased by 1.8 percent to 5.77 million b/d […]
Geothermal from Great Basin: Great Potential
Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equal to one-tenth of the current U.S. power supply, according to assessments by the U.S. Geological Survey, as documented in a paper released May 22. The projected 10 percent would be a major increase, as geothermal energy currently generates less than 1 […]
Permian Basin Gets Nitrogen Rejection Unit
BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system. The new cryo facility will commence operations in Q1 of 2027. This contract marks a significant collaboration between BCCK and ZAP Engineering, the project’s engineering, procurement and […]
Most O&G Companies Suffer Data Breaches
A recent Cybernews analysis found that more than 94 percent of the world’s top 400 oil and gas companies have suffered at least one data breach to date. Cybernews also discovered that, over a recent 30-day period, more than 50 percent of the analyzed oil and gas firms were breached. Moreover, according to the Cybernews Business Digital Index, […]
New Cryogenic Fleet Hits Houston
A Scotland-based developer of O&G assets and infrastructure has rolled out its first-ever fleet of cryogenic ISO tanks in North America, now located at its Houston facility. This step marks OEG‘s expansion of its cryogenic tank division into the region, a move intended to help meet demand for safe, efficient transport of liquefied gases across […]
Drivers Reject Steelworkers Union
Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation. The victory for workers comes after Jay Fifer, a driver for the […]
Companies Sticking with Climate Targets
Companies are largely maintaining their high-level climate commitments to net zero and greenhouse gas (GHG) emissions reductions despite some recent scale backs and variations across sectors and regions, Sustainable Fitch says in a new report released May 21. The report reviews corporate emissions and climate targets by combining insights from three data viewpoints—a review of […]
O&G Acquisition Financing in an Unpredictable Market
by Alex Trlica, Chris Butta, BOK Financial Energy When the Ground Shifts Beneath your Feet At 2 a.m., the lights were still on at the office. For six months, the deal team had worked relentlessly to structure a creative proposal for the winning bid on the seller’s oil and gas assets. The Purchase and […]
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