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 […]
Texas leads nation in solar power capacity on its power grid
Texas now leads the nation in solar power installed on its power grid – knocking California from its longtime leadership. Houston Chronicle reported this week that data from Bloomberg and U.S. Energy Information Administration show growth of utility-scale solar in California has “clearly slowed,” and Texas reported 18,364 megawatts of solar power capacity on its […]
Report: U.S. drilling rig day rate falls for fourth straight month
Enverus Intelligence said Wednesday the drilling rig day rate declined in September for the fourth straight month. Enverus Day Rate Survey showed that the U.S. composite rate fell in September to $23,623 – down $129 from the August rate. It was the smallest sequential decline of the last four months. Enverus said rig demand has […]
Report: Natural gas production to increase in 2023, 2024 driven by Permian
U.S. Energy Information Administration said last week marketed natural gas production in the lower 48 states will grow by five percent (5 billion cubic feet per day) this year and by two percent (1.8 Bcfd) in 2024 driven primarily by growth in Permian Basin. EIA said, “Most of the forecast growth comes from the Permian […]
EIA expects less oil production, more gas production in Permian in November
Crude oil production in Permian Basin is forecast by U.S. Energy Information Administration to decline next month by 30,000 barrels per day. In the latest drilling productivity report of Oct. 16, EIA said oil production in Permian is expected to be 5.901 million barrels per day in November after 5.931 million b/d in October. Overall […]
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