Following the disclosure of a cyberattack on the Colonial Pipeline, David Bicknell, principal analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The economic impact wrought by this cyberattack will bring home to government and energy operators the vulnerabilities in critical infrastructure. This is not the first ransomware cyberattack on […]
Midland Inspires… Further
Midland Inspires, a new nonprofit philanthropic organization, which itself benefits other area nonprofits, has announced the selection of eight nonprofits (from an earlier list of 23) that advance to the next step in their qualifying process. The eight organizations are: Boys and Girls Club, Breaking Bread Ministries, Bynum School, Communities in Schools Permian Basin, Family […]
Let it Roar, Says Economist
by Dr. M. Ray Perryman In a few speeches and scribblings of late, I have noted that we appear on the cusp of a new Roaring Twenties, similar to that emerging a century ago in the wake of the Spanish flu. That projection inevitably raises the question: “If we roar like the 1920s, will we […]
U.S. to Drive Pipeline Growth
The United States is expected to drive global growth in crude oil trunk/transmission pipelines by 2024, according to GlobalData, a leading data, and analytics company. The United States will account for almost one-fourth of the total pipeline length growth by 2024. With expected length additions of 4,900 km from projects that have received approval or […]
West Keynotes Midland Event
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 […]
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