Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here in the Permian Basin. Matador Resources Company announced on April 27 two promotions, effective as of April 21. Christopher P. Calvert has been promoted to Executive Vice President and Chief Financial Officer and Glenn W. Stetson has been promoted […]
Sentinel Midstream begins construction on Texas Gulflink to load VLCCs
Dallas-based Sentinel Midstream said last month it started construction on Texas GulfLink, a deepwater crude oil export terminal about 30 miles off the coast of Freeport. It will be capable of fully loading very large crude carriers (VLCC) offshore and connect global markets to North American-produced crude oil. Funding is provided by the U.S.-Japan trade […]
Texas oil production fell to 5.78 million b/d in March, but increase expected
Crude oil production in Texas fell to a four-month low of 5.78 million barrels per day in March, according to U.S. Energy Information Administration. Production in New Mexico was steady at 2.31 million b/d. The two states are home to the prolific Permian Basin, the nation’s leader in crude oil production. EIA said U.S. oil […]
Permian Basin rig count increases for fourth straight week to 255
Drillers in Permian Basin added oil and gas rigs for the fourth straight week, according to the weekly report of May 29 by Baker Hughes. Permian now has 255 active rigs after adding 5 in the past week. It’s the most since August 2025, but down 23 or 8.27 percent from 278 rigs a year […]
Two-thirds of new natural gas pipeline capacity in U.S. originates in Texas
U.S. Energy Information Administration said 66 percent of 44.9 billion cubic feet per day of new pipeline capacity coming online in 2026 and 2027 originates in Texas. In its natural gas pipeline projects report May 26, EIA said 29.7 Bcfd of the capacity additions originate in Texas. EIA said 31.6 Bcfd or about 70 percent […]
Oilfield Theft Task Force Convenes
Members of the Railroad Commission of Texas’ (RRC) State Task force on Petroleum Theft (STOPTheft) gathered in Midland on April 2 to continue their work addressing the challenges of petroleum theft in Texas. Led by RRC Chairman Jim Wright, the session opened with a brief overview of the task force’s duties, subcommittees, and timeline goals […]
Morningstar: On the UAE Leaving OPEC
The United Arab Emirates announced it late April that it would leave The Organization of the Petroleum Exporting Countries (OPEC) after six decades of membership, effective May 1. The UAE is one of the Middle East’s largest oil producers, behind Saudi Arabia and Iraq. We (Morningstar) see the latest move as a continuation of the […]
Gas Chromatography Improves CCUS Success
Carbon capture initiatives are typically presented with a focus on new and emerging technologies, large scale capital projects, and ambitious decarbonization goals. However, behind each successful carbon capture, utilization, and storage (CCUS) project, there exists a much less visible, but equally important, foundation upon which those projects depend: precise chemical composition measurement of gas streams. […]
Where is the Money Going?
With the huge uptick in O&G commodities prices since early February, who has benefited most The winners are emerging, certainly, but they are not evenly distributed across the oil patch. The sudden rise in oil and natural gas prices since early February has created a familiar but uneven phenomenon in the energy business: a […]
Petrochemicals To Rebound in 2026
The U.S. petrochemical sector remains one of the main drivers of the national economy. The American Chemistry Council (ACC) estimates that production of basic chemicals will rebound by 1.2 percent this year, increasing its contribution to the country’s economy by more than $900 million this year, breaking the downward trend of recent years. In addition, […]
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