On April 23, Energy Workforce and Technology Council President Tim Tarpley and EWTC Board Member Ron Gusek, president, Liberty Energy, testified in Plano, Texas, before the U.S. House of Representatives House Oversight Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs during the field hearing titled “Drilling Down: Oversight of the Challenges and Opportunities Facing the U.S. Energy Production.” The […]
Companies Form Business To Streamline Tech Integration
FieldComm Group and FDT Group announced April 23 the completion of a term sheet outlining a plan to create a single business aimed at advancing integration technology and harmonizing control system applications across multiple protocol topologies supporting both process and factory automation. Subject to the completion of a definitive agreement, the new business will continue […]
Quick Action Minimizes Sand Mine Fire Damage in Kermit
(BUSINESS WIRE)—As reported by media outlets previously, on April 14 a mechanical fire occurred at the Atlas Energy Solutions Inc. mine in Kermit, Texas. Atlas officials said they remain grateful that all personnel at the site, including employees and contractors, are safe, that no injuries occurred, that no environmental impacts have been reported, and that […]
U.S. Onshore Drilling Rigs valued at $7.4 Billion
(BUSINESS WIRE)—The U.S. Land Drilling Rigs Market was valued at $7.4 billion in 2023 and is anticipated to project robust growth in the forecast period with a cumulative annual growth rate (CAGR) of 5.7 percent through 2029. The U.S. land drilling rigs market stands as a dynamic sector within the country’s energy landscape. Driven by […]
EIR: Permian Drives Mergers, But Pace to Slow
Enverus Intelligence Research, EIR, a subsidiary of Enverus, a generative AI and energy-dedicated SaaS company, has released its summary of 1Q24 upstream M&A activity. Following last year’s blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals. However, EIR is pumping the brakes […]
Whitley Penn Recognized as “Top 100” by Accounting Today
Whitley Penn has been named a “Top 100 Firm,” according to a March 13 announcement by Accounting Today. The firmed ranked at #35 of the nation’s top accounting firms. The firm also ranked #39 among the Top Tax Firms as well as the second largest firm in the Southwest. “We are delighted to be recognized in Accounting Today’s Top 100 Firm […]
Donation Founds Texas Tech’s First Veterans Legal Clinic
A generous gift to Texas Tech University will establish a new scholarship for full-time students in the Edward E. Whitacre Jr. College of Engineering who are employed. A $1.6 million donation from the William A. Brookshire Foundation to Texas Tech University will found the Texas Tech School of Law Veterans legal Clinic—a service free to veterans that provides […]
TPPF Launches National Center for Energy Analytics (NCEA)
The Texas Public Policy Foundation (TPPF), on March 20, launched the National Center for Energy Analytics (NCEA), a new national energy think tank led by distinguished fellow Mark P. Mills and comprised of a team of world-class scholars dedicated to reality-driven energy analyses. The NCEA will produce credible, unbiased research on energy issues, both proactively […]
Axis Deploys Electric Service Rig
Axis Energy Services announced on March 11 its successful deployment of what it describes as the oil and gas industry’s first fully electric well service rig, this one devoted to wells operated by Occidental. Axis’ “Epic Rig” provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions […]
Oil Production Growth to Slow In 2024 Due to Softened Demand
Oil supply in the United States saw major growth in 2023, with production rising by 850,000 barrels per day. However, oil demand has not kept pace with this increase and looks incredibly weak going in 2024. To remedy this mismatch and set up a more positive outlook for 2025, producers are expected to slow production […]
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