In enhanced oil recovery, a fluid—typically water with various additives—is pumped into an injection well to force additional oil out of the reservoir. This technique can double the amount of oil extracted from a well, increasing oil availability and lowering costs. However, the conditions in the injection fluid are often extreme, and the behavior of […]

In its summary of 2Q22 upstream M&A, Enverus Intelligence Research (EIR), a subsidiary of Enverus, a leading energy data analytics and SaaS technology company, found that, overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. Despite that, about $12 billion was transacted in upstream M&A as numerous […]

Breakwater Energy Partners LLC announced it has further developed its commercial and noncommercial recycling network across the Midland Basin to meet rising customer demand for sustainable water solutions. Breakwater expanded its Big Spring Recycling System (BSRS) in Howard and Martin counties with two additional multi-year produced water offtake and recycling agreements. BSRS is one of the largest recycling networks in the […]

Employing cutting edge technology in a challenging environment, BiSN, a supplier of sealing solutions and technology to the global oil and gas industry, recently completed its 300th deployment, helping operators solve common downhole flow issues. As part of its operations, BiSN deployed the largest bismuth plug ever created, placing the plug in a well in the […]

The ESG sector (Environmental, Social, and Governance considerations) has been identified as a key area of interest for merger and acquisition (M&A) activity, according to analysis of GlobalData’s Job Analytics Database. The data and analytics company reveals that there were more than 60,000 job postings in Q1 2022 that had “deal making” keywords (including M&A) […]

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 […]

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 […]