More than 300 energy experts and professionals from around the nation came to Texas Christian University’s Neeley School of Business March 21 for the TCU Global Energy Symposium. The sold out conference, “Reimagining the Business of Energy: The Era of Innovation,” was hosted by the Ralph Lowe Energy Institute. The panels and speakers focused on […]
Jobs in Energy Begin Slow Trajectory Upwards
Jobs in the U.S. oilfield experienced a slight gain from the past several months, increasing by 1,466 jobs in the U.S. oilfield services sector during February 2024, according to a March 11 report citing preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to January numbers and analysis by the Energy Workforce and […]
RRC Commissioner Applauds Cancellation of BlackRock’s Contract
Following news that the Texas State Board of Education (SBOE) and Chairman Aaron Kinsey would terminate an $8.5 billion contract with BlackRock, Texas Railroad Commissioner Wayne Christian applauded the SBOE’s decision, which protects Texas’ Permanent School Fund and classrooms across the state, and expressed the following sentiments: “Texas state leadership continues to land blows to BlackRock and […]
ValTek donates $50,000 to Children’s Rehabilitation Center
ValTek, a leader in the engineering and manufacturing of high-performance hydraulic fracturing pumps, parts and expendables, has donated $50,000 to the Midland Children’s Rehabilitation Center (MCRC), which provides neurological, orthopedic, and developmental therapy to children throughout the Permian Basin. ValTek was awarded $50,000 at the Daniel Energy Partners BBQ Cook-Off in September after being named […]
Milestone Opens New Landfill
Milestone Environmental Services, LLC, an environmental services and carbon management company and the largest energy waste sequestration company in the United States, announced on March 26 the opening of its Stanton Landfill facility, located 10 miles south of Stanton at 512 County Road 470. The facility is now accepting drill cuttings, contaminated soils, non-injectable fluids, […]
Canadian Oil Sands To Hit 3.7 Million BPD
Oil sands production in Canada is expected to reach 3.7 million barrels per day by 2030. Oil sands extraction and processing remains one of Canada’s most important economic drivers. According to the Business Council, the industry is expected to contribute more than $200 billion annually to the country’s GDP. In addition, it is a major […]
Texas O&G Regulator Supports Vote to Repeal LNG Export Ban
In January 2024, the Biden Administration announced a pause on permits for new liquefied natural gas (LNG) export projects. In response to this pause, it was announced that the U.S. House of Representatives would be voting on H.R. 7176, the Unlocking Domestic LNG Potential Act (Rep. Pflueger, TX-11), which would repeal the Biden Administration’s ban on new LNG export projects. Following […]
O&G Shows Resilience Despite 16% Decline in Contract Volume
Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16 percent in disclosed contract volume—from 1,401 in Q3 2023 to 1,172 in Q4 2023. Despite this downturn, a marginal uptick in overall contract value hints at resilience during the challenging times, reveals GlobalData, a data and analytics company. GlobalData’s […]
The One That Didn’t Get Away
The Bass Pro Shops that was slated for construction in Midland now is destined for Odessa instead, and will be half-again as big as the store planned earlier. Bass Pro Shops announced updated plans Feb. 23 for a new destination retail store location, this one fronting Highway 191 between Yukon Road and Mission Boulevard. The […]
Oilfield Chemicals Market to Reach $44.6 Billion by 2030
(BUSINESS WIRE) The global market for oilfield chemicals, estimated at $28.9 billion in 2022, is projected to reach $44.6 billion by 2030, growing at a cumulative annual growth rate (CAGR) of 5.6 percent between now and 2030, according to a new report from ResearchAndMarkets.com. Drilling fluids, one of the segments analyzed in the report, is […]
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