At the International Energy Summit in Miami, Fla., held May 30-June 1, Dr. Scott Tinker, Director, Bureau of Economic Geology, The University of Texas at Austin, delivered a talk challenging the idea of renewable energy. The lecture sparked intense discussion on the ongoing energy transition. Each year, AIEN hosts a lecturer as part of their […]
Machine Learning To Transform Oil and Gas
Machine learning is a rapidly growing field in the oil and gas industry. It can be used to analyze seismic data, well logs, and other geologic data to identify potential oil and gas reservoirs. Machine learning algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. […]
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 […]
New Mexico Announces New OCD Director
from the Permian Basin Petroleum Association Before the 2023 New Mexico Legislative Session began, PBPA learned that the New Mexico Oil Conservation Division (OCD) Director Adrienne Sandoval would be leaving the agency and taking a position with the U.S. Environmental Protection Agency’s Region 8 office. In May, however, OCD announced that acting director, and general […]
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 […]
U.S. LNG Exports to Grow Through 2050
In its Annual Energy Outlook 2023, the U.S. Energy Information Administration (EIA) projects that U.S. natural gas production will increase 15 percent and liquefied natural gas (LNG) exports will increase 152 percent between 2022 and 2050. They expect natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. Production growth is largely […]
Technologies Provider Opens New Midland Outlet
Intelligent Wellhead Systems, Inc. (IWS), a supplier of digital control technologies for improving oil and gas well completion operations, recently opened a new base of operations in Midland. Officials for the company said that rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics, and a full-service […]
Stallion Gets Re-branded
Stallion Oilfield Services announced in April its rebranding as Stallion Infrastructure Services. As a provider of workforce accommodations for the oil and gas industry, the company has made it clear that while its name has changed, its level of commitment to the sector remains steadfast. In addition to the rebrand, Stallion Infrastructure Services will be […]
Geopolitics Tops O&G Themes for 2023
Geopolitics became a pivotal macroeconomic theme for the oil and gas industry from the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition […]
Navigating the AI Revolution
by Chuck Gallagher What is the hottest business topic this year? No, it’s not interest rates or an impending recession; it’s artificial intelligence. A recent survey indicated that 67 percent of IT professionals believe that generative AI will be a priority for their company within the next year and a half, despite ongoing concerns […]
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