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 […]
To Make One’s Own Way
With Permian merger and acquisition activity on steroids in Q4 2023, consolidation of resources is becoming a necessary tool for staying on top of the game for E&P companies. In response, service companies are making changes of their own. For J&S Oilfield, the decision was to join forces with Fife Services, a company with which […]
Pipelines under construction to deliver 20 Bcfd to 5 terminals in Texas, Louisiana
More than 20 billion cubic feet per day of natural gas pipeline capacity is under construction, partly completed or approved to deliver natural gas to five U.S. liquefied natural gas export terminals currently under construction. According to the latest Natural Gas Pipeline Tracker from U.S. Energy Information Administration, some of the new pipeline capacity is […]
APA adding sixth drilling rig in Permian Basin in fourth quarter
Houston-based APA Corp. recently said its upstream capital investment in fourth quarter is about $500 million, including increased activity in Permian Basin. APA is adding a sixth drilling rig in 4Q in Permian. Production of 412,000 boed in 3Q reflects quarterly growth in each operating area, including 10 percent in Permian Basin. “Good execution and […]
To Go with the Flow
Since the lifting of oil export restrictions in 2015, the United States has become a major player in international trade in oil as well as in natural gas. The first half of 2023 saw U.S. exports of both commodities surging to new heights. In fact, over that period the United States surpassed Qatar and Australia […]
Midland’s ProPetro acquires Par Five Energy Services to add Delaware Basin
Midland-based ProPetro Holding said recently it acquired assets and business operations of Artesia, N.M.-based Par Five Energy Services. Par Five specializes in cementing services in Delaware Basin, and its business complements ProPetro’s existing cementing business in Midland Basin. Sam Sledge, CEO of ProPetro, said Dec. 4, “The transaction is … highly complementary to our current […]
Calling on Leadership: Time for a Change in 2024
To change the message of the Permian, we need to start by cleaning our own house. That comes by reviewing one employee at a time. Some should stay, and some should go. Keep the positive, hardworking, and loyal ones. Keep the ones who give more than 80 percent and show up on time but are […]
Endeavoring to Make a Difference
We live in interesting times. What the world has taught us since Covid is that nothing that one might expect to happen, will happen. Rather, what happens is something altogether unexpected. WTI was supposed to climb above $100 before year’s end. As this sentence is being formed, it stands at $75. The price of crude […]
First Generation Americans in the Workforce
Midland College had an event in September titled The Latina Women’s Conference. I attended and listened to a panel of ten women discussing how they could get bachelor’s and master’s degrees, get great jobs, and start their businesses against what many would consider difficult obstacles. Those obstacles included growing up without enough to eat, […]
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