The Republican National Hispanic Assembly of Midland hosted Lt. Col. (Ret.) Allen B. West for a speaking engagement. Currently chairman of the Republican Party of Texas, West is a Christian constitutional conservative, combat veteran, and former member of the U.S. Congress. He was the monthly luncheon speaker for their membership event held Feb. 11. His […]
The Specs on SPACs
“SPACs” are all the rage, but acquisition concerns loom. Special purpose acquisition companies (“SPACs”), also known as “blank check companies,” have always been a component of the capital market landscape. Touted for their ability to help private companies go public faster without the costly and rigorous process involved in a traditional initial public offering (IPO), […]
Abbott Opens Texas 100 Percent
Texas Governor Greg Abbott issued an executive order March 2 lifting the mask mandate in Texas and increasing capacity of all businesses and facilities in the state to 100 percent. The Governor made the announcement at Montelongo’s Mexican Restaurant in Lubbock in an address to the Lubbock Chamber of Commerce. Oil and gas industry observers […]
NM O&G Faces Possible Ban on Freshwater Use
by Michael Vanderhider It appears that New Mexico’s state government is continuing to move in the direction of environmentalists and away from oil and gas operators. However, New Mexico enjoys significant revenue from the production of oil and gas, so it’s debatable whether actions taken to slow production will have widespread support. In December 2020, […]
The Permian Perseveres and Midland Inspires
In the midst of a worldwide pandemic, and in just over six months’ time, Midland’s newest non-profit, Midland Inspires, has brought together a community of more than 100 women seeking to positively transform lives in Midland County, Texas, through high-impact, inspirational, and lifelong giving. The organization will award a $100,000 grant each year to a […]
Merger Mania Drives 2020 Upstream M&A Resurgence
Enverus, a leading energy SaaS and data analytics company, is releasing its summary of Q4 and full year 2020 U.S. upstream mergers and acquisitions (M&A). After an anemic start, 2020 upstream M&A accelerated dramatically in the second half of the year as a challenging economic backdrop spurred a wave of industry consolidation. Activity crested in […]
Midland Welcomes New Data Center
BBT, formerly Big Bend Telephone, has announced the opening of the first Multi-Tenant Colocation Data Center facility in Midland, Texas. The Data Center is located approximately 10 miles west of downtown Midland, adjacent to Midland International Space Port. The facility will be a major network access point for the entire Permian Basin and surrounding region. […]
Heavy Equipment Prices Rising, Says Ritchie Brothers
With its auctions 100 percent online due to COVID-19, Ritchie Bros. drew record buyer demand in 2020. As a result, the company’s latest Used Equipment Market Trends report is showing price inflation across all majority equipment categories. For example, U.S. truck tractor prices increased 8 percent over the same time period (three months ending December) […]
Five Ways Operators Can Reduce Costs
by Susie Yuill, Enverus Integrated Marketing COVID-19 has radically altered the patterns of our daily lives, including our ways of doing busines. As the end of the year approaches, many businesses routinely find themselves assessing how they can perform better in the future. And while the pandemic has been devastating on multiple fronts, one thing […]
Texas Oil and Gas Industry Paid $13.9 Billion in State, Local Taxes
According to just-released data from the Texas Oil and Gas Association, the Texas oil and natural gas industry paid $13.9 billion in state and local taxes and state royalties in fiscal year 2020, funds that directly support Texas schools, teachers, roads, infrastructure, and essential services. TXOGA President Todd Staples hosted a media briefing recently to […]
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