The world is full of good ideas, but only some of them become viable and real. “You don’t see the full impact of a good idea until someone figures out a way to convert it to a usable product or service that has value, brings it to market and makes money off of it—this is […]
Morningstar: $100/Barrel Oil in Reach
With the sharp recent increase in oil prices, investors have become more enthusiastic about energy stock prices. Bargains are now much harder to find, as while 36 percent of Morningstar’s energy coverage was undervalued last quarter, it is now just 17 percent. Morningstar finds ongoing oil supply cuts by Saudi Arabia and Russia put $100 per […]
RRC Proposes Overhaul for Water Protection Rules
For the first time in nearly 40 years, the Railroad Commission’s Statewide Rule 8 will undergo a substantial overhaul to better reflect modern waste management practices and recent advancements in production methods. One of the highest priorities of the Railroad Commission of Texas (Commission) is the protection of groundwater resources. Water protection is a major […]
RRC Commissioner: White House is “Weaponizing” ESA
Texas Railroad Commissioner Wayne Christian recently authored a letter to the Biden Administration’s U.S. Fish and Wildlife Service (USFWS) opposing their pending rule which would designate the Dune Sagebrush Lizard (DSL) as an endangered species under the Endangered Species Act (ESA). With the DSL primarily residing in the Permian Basin region, this classification will specifically impact hydrocarbon […]
Council Launches SecureWell Course
The Houston-based Energy Workforce and Technology Council announced on Sept. 13 the launch of the SecureWell: Well Control Certification Course, signaling the industry’s newly revitalized efforts to address the specifics of well control, operation, security, and safety. SecureWell’s mission is to provide industry standards for effective equipment selection and purpose-drive practical well control training for cased hole applications. […]
Accounting Firm to Offer Cybersecurity and Data Privacy
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. […]
O&G Contract Value Up 60 percent in Q2
The overall oil and gas industry’s disclosed contract value witnessed a significant quarter-on-quarter (QoQ) increase of 60 percent in Q2 2023, mainly driven by a mega contract for Qatar’s North Field South (NFS) LNG project, according to GlobalData, a data and analytics company. GlobalData’s latest report shows that the overall contract value increased from $35.4 […]
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