Archrock, the leading provider of midstream natural gas compression services in the Permian, heard of an unusual need at a local elementary school. And on Feb. 15 the company made a donation to General Franks Elementary in Midland, Texas, to meet their request. Archrock’s donation to the school consisted of 712 pairs of earbuds, which […]
Why are E&Ps Slow To Respond to Higher Oil Prices?
By Steve Hendrickson Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have risen. This appears to be consistent with the expectations of their equity investors and the realities of the tougher underwriting standards […]
Company Expands Water Midstream, Divests Fluids Transportation
Gravity, a Midland-based growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P., announced Feb. 24 it had completed the divestiture of its fluids transportation business. Financial terms of the transaction were not disclosed. Gravity now owns and manages more than 50 active saltwater disposal wells with more than 1.5 million […]
Oil Giants Continue Investment in Renewable Diesel, Other Biofuels
By Paul Wiseman Before the rise of the oil and gas industry, homes were heated by coal or wood, and they were lit by whale oil, lard oil, coal oil, etc. To the great benefit of whales, by the mid-1870s, most of these options were being replaced by petroleum-based kerosene. Now the clamor for reduction […]
New Positions at Texas RRC
The Texas Railroad Commission recently hired its first chief data officer and also a new director of government relations. Chief Data Officer Alkesh Amodwala and Government Relations Director Krista Duke have hit the ground running as the agency implements new legislation, including bills on data governance and natural gas infrastructure. “We are very fortunate to […]
U.S. Oil Supply Outlook Revisited
Enverus Intelligence Research, a part of Enverus, a leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report containing its five-year supply, demand, and price outline. The report discusses geopolitical risk and shortfalls from major oil-producing countries that pushed WTI prices above $80/bbl even as the Omicron wave and continued […]
IoT is Key to Digitalization
Oil and gas companies can no longer afford to ignore digitalization, says GlobalData, which notes that any O&G company that doesn’t start to modernize now risks going under. The leading data and analytics company highlights Internet of Things (IoT) technologies such as digital twins have the potential to be the backbone of digitalization in the […]
Banning LNG Exports Would “Destabilize”
Curtailing U.S. exports of liquefied natural gas (LNG) has recently been raised as an option to insulate U.S. consumers from rising gas and power costs around the globe. However, an imposed disruption of LNG supply at a time of extreme stress in global gas markets would have a highly destabilizing effect both politically and commercially. […]
Edging Closer to “Unmanned”
Edging Closer to “Unmanned” Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData. The leading data and analytics company notes that COVID-19 has been a wake-up call to the upheaval that a sudden drop in energy demand and/or labor availability can cause, and digital […]
Uncovering Supply Chain Inefficiencies
By Patrick Long Controlling costs is critical for any energy company. Firms may spend to grow through acquisition, new business development, gain of market share, or investment in new opportunities. However, as a business activity also decreases following this period of growth, what happens to the variable costs? If companies have planned strategically, their […]
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