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 […]

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, […]

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 […]

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 […]

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. […]

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 […]

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 […]

Ambyint, a leader in well optimization and in the application of artificial intelligence in the oil and gas space, recently tapped its COO, David Zahn, for a question-and-answer session regarding the use of AI in the oil patch. That exchange appears below. Q.: How has the pandemic and/or oil price crash accelerated the outlook for […]

By Kevin Cannon Market equity prices and indices continued to decrease for many energy companies during 2020. For instance, between January 13, 2020, and December 31, 2020, the S&P Oil and Gas Exploration and Production Select Industry Index decreased by approximately 36 percent, inclusive of a rebound in the second half of the year. Likewise, […]