By Dr. Ray Perryman The most recent Perryman Economic Forecast for the United States and Texas calls for growth through 2027, though the path will likely be somewhat uneven. According to Dr. Ray Perryman, President and CEO of The Perryman Group, “The nation is facing significant headwinds. Although inflation is finally moderating, the inevitable fallout […]
Permian Energy Development Lab Get $1 Million From Foundation
The National Science Foundation (NSF) announced in May a funding award to lay the groundwork for a new regional innovation engine in the Texas and New Mexico Permian Basin. The grant funding—$1M to cover a two-year period—is the first step toward a potential ten-year, $160M NSF investment. NSF is an independent federal agency that provides […]
Permian E&P Closes Equity Commitment
(BUSINESS WIRE) Swordfish Energy Holdings, LLC, announced the closing of an equity commitment from Dallas-based investment firm, Pearl Energy Investments. Based in Houston, Texas, Swordfish is an exploration and production company focused on acquiring and developing oil and gas assets in the Permian Basin. The Swordfish management team is led by Marcos Briceno and Patrick […]
Federal Permitting: Is Reform Gaining Ground?
from the Permian Basin Petroleum Association Bipartisan activity is leading to optimism for some type of permitting reform making it out of Congress and onto President Biden’s desk. While Republican permitting proposals focus on expediting oil, gas, coal, and other fossil fuel projects, Democratic plans seek to hasten approvals for clean energy projects and the […]
Putting the Pieces Together
Since late 2021 oilfield construction has begun returning to busting dirt and pouring concrete, hopefully leaving 2020’s collapse in the dust. But issues with supply chains and hiring are holding back the good times to some degree. Permian companies like Saulsbury Industries and Electrical Maintenance and Construction (EMC) are finding ways to adapt to these […]
Mewbourne, Endeavor rank among top 5 of Enverus private operators list
Two companies that operate primarily in Permian Basin are among the top five in Enverus Intelligence Research’s list of the top 100 private oil and gas producers in the U.S. based on gross operated production in 2022. Rockies operator Continental Resources, a newcomer to Enverus’ chart, leads the list at 591,315 boed. Permian operators Mewbourne […]
Production in Texas, New Mexico increases, Enverus expects growth to accelerate
Texas and New Mexico continue to grow crude oil production, according to U.S. Energy Information Administration, and Enverus Intelligence Research said this week it “expects oil growth to accelerate” in the second half of the year. EIA said Texas production averaged 5.4 million barrels per day in March – up 97,000 b/d over February and […]
VTX Energy Partners acquires additional acreage in southern Delaware Basin
VTX Energy Partners, upstream company of Vitol, said Monday it will acquire 12,000 net leasehold acres contiguous with the Delaware Basin Resources position it acquired in March. The deal brings its total southern Delaware Basin position to 47,000 net acres. VTX said it agreed to acquire assets comprised of leasehold, production and associated water infrastructure […]
Remote Work
Goodbye Henry Ford. Considering my hope for a better Permian, we, as employers, need to be flexible with our workforce. Recruiters need help finding new employees. Millennials and Gen Z workers do not want to have to spend every day at work in an office. You know, these employees want more life balance. Also, the […]
Prairie Energy Partners selects Cushing over Victoria County as site of refinery
Prairie Energy Partners, subsidiary of El Campo-based Southern Rock Energy Partners, said last week it plans to build its $5.5 billion next-generation, full-conversion crude oil refinery in Cushing, Okla., rather than Victoria County, Texas. The refinery will produce about 91.24 million barrels or 3.83 billion gallons of cleaner transportation fuels each year, including gasoline, diesel […]
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