Enverus Intelligence Research, a part of Enverus, a leading global energy data analytics and SaaS technology company, released on March 21 a new report examining the likely responses by U.S. oil producers, both public and private, to high oil prices and increased concerns about energy security in the wake of Russia’s recent invasion of Ukraine. […]

Corrosion Resistant Alloys, LP (CRA), a just-in-time (JIT) manufacturer of high quality corrosion resistant alloy tubulars, announced March 29 that the company had broken ground on the construction of a new manufacturing facility in Brenham, Texas. The new facility will deliver an expansion of manufacturing capabilities and capacity, streamline processes, and further advance CRA’s vision […]

By Steve Hendrickson If you’re like me, you probably feel that the volatility of oil prices has been very high in the past couple of years. After all, oil prices were well above $100/bbl recently and had a negative price scarcely two years ago. And we’re experiencing significant global events that have an economic impact that influences […]

In the western Permian Basin, the Texas Railroad Commission (RRC) began implementation in early March of a first-of-its-kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe. The plan for the Northern Culberson-Reeves Seismic Response Area (SRA)—which is adjacent to Guadalupe Mountain National Park to the west and is […]

Eagle Automation, a leader in measurement and automation for industrial customers, announced March 7 the signing of an agreement to join forces with VanZandt Controls LLC, based in Midland, Texas. Since 2015, VanZandt Controls has become a trusted distributor for valve automation, flow measurement, instrumentation, and controls. Featheringill Capital in Birmingham, Ala., will be the […]

By Kevin Cannon Last year saw a record number of reverse merger transactions, with 398 reverse mergers valued at nearly $135 billion, according to figures tracked by Bloomberg Law. Although 2021 marked the first time that many of such transactions involved special purpose acquisition companies (SPACs), which totaled 246 out of the 398 transactions, it […]

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 […]

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 […]

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 […]