The first-annual golf tournament hosted by Kinetik on June 28 raised more than $150,000 for 17 West Texas police and fire departments and emergency medical services across West Texas, including Midland and Pecos. Dubbed the “Holes for Heroes” tournament, the event at Ranchland Hills Golf Club in Midland attracted more than140 golfers along with fire […]
The Confidence Factor
by Dr. M. Ray Perryman The latest surveys of consumers indicate that, as a whole, we are becoming a less optimistic lot. Because our spending on goods and services normally represents around 70 percent of the economy, that is a source of some concern (although, strangely, our confidence level and our outlays have not […]
Gravity Commits to Water Deal
Gravity, a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P., announced in late June it had signed a multi-year minimum volume commitment produced water gathering agreement with an independent producer in the Midland Basin. Gravity owns and manages more than 50 active saltwater disposal wells with more than 1.5 million barrels […]
Refineries: The Economics of Reliability
Pinnacle, a reliability data analytics company, released on June 16 its “Economics of Reliability” report for the refining industry. The report analyzes the impact that reliability has on the refining industry. “U.S. refiners are reporting record profits and are also running at well above average utilization levels,” said Jeff Krimmel, Chief Strategy Officer at Pinnacle. […]
Compensation Survey To Poll Permian Basin
Whitney Smith Company’s annual compensation survey of the oil and gas industry in the Permian Basin has begun, and members of the Permian Basin Petroleum Association, as well as area O&G interests of all kinds, are encouraged to participate in the study to help generate good data to be released later this year, according to […]
Gas-to-Liquids Tech Takes Step Forward
ENG, a provider of innovative project delivery solutions for the energy industry, recently announced the acquisition of Calvert Group Belgium and its exclusive license to patented gas to liquid (GTL) technology to convert flare gas and stranded gas to synthetic liquids such as crude oil or diesel. Calvert’s GTL process has been recognized by The […]
Make-a-Wish Student Sees Wish Fulfilled
Texas Tech University and the Edward E. Whitacre Jr. College of Engineering partnered recently with Make-A-Wish North Texas to turn a dream into reality. Matthew, an 18-year-old high-school senior battling a brain tumor, wished to have his college tuition paid for. That wish has been granted, with Texas Tech and Make-A-Wish each giving Matthew $5,000 scholarships […]
M&A Deal Activity Took Dip in First Quarter
Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favorable production economics, according to GlobalData. The leading data and analytics company notes that the decline was observed across most regions except China in the Asia-Pacific (APAC) region, where the deal value […]
O&G Tapping into Digital Tech To Improve Productivity
Digitalization, which involves the adoption of digital technologies such as artificial intelligence (AI), big data, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability by streamlining operations and cutting costs, says GlobalData, a leading data and analytics company. According […]
Drilling Permits Hit New High
by Dr. M. Ray Perryman The number of oil and natural gas drilling permits issued by the Texas Railroad Commission reached an all-time high in March, at over 1,100. Hundreds of companies of all sizes are jumping into the fray. Activity is picking up across the state, with the Permian Basin reportedly seeing over 900 […]
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