Led by new solar power, the world added renewable energy “at breakneck speed” in 2023, according to Associated Press.  The recent AP report said it’s “a trend that if amplified will help earth turn away from fossil fuels and prevent severe warming and its effects.”  International Energy Agency said clean energy now is often the […]

U.S. added 1 drilling rig last week, but the counts of active rigs were down in Texas and Permian Basin.  U.S. now has 620 rigs as of Jan. 19 (771 year ago), but Texas fell 3 to 305 (380 year ago), and Permian Basin dropped 2 to 307 (354 year ago).  New Mexico added 1 […]

Jacam Catalyst, manufacturer and provider of oilfield chemicals, said recently it completed an additional expansion of its corporate headquarters on Highway 158 in Gardendale. Jacam added 16 acres of land and 18,000 square feet of operating facilities to bring the total campus acreage to 65 with now 90,000 square feet of operating facilities. Jacam has […]

Growth in global oil demand decelerated to 1.7 million barrels per day in fourth quarter 2023 compared to 2022Q4, according to January’s “Oil Market Report” from International Energy Agency.  That was lower than the 3.2 million b/d growth recorded in second and third quarters of last year.  IEA projects further decline of growth to 1.2 […]

America’s greenhouse gas emissions fell 1.9 percent in 2023 primarily because the burning of coal to produce electricity fell to its lowest level in decades.  The estimates were published last week in a report by research firm Rhodium Group.  New York Times said the decline means that U.S. emissions have fallen about 17.2 percent since […]

Austin-based Atlas Energy Solutions recently said Dune Express, a 42-mile conveyor system, is expected to be completed in fourth quarter.  It will deliver sand from Atlas’ mine at Kermit to Lea County, N.M.  Kyle Turlington, vice president, said the system powered by electricity is believed to be the first application of conveyor technology to long-haul […]

Railroad Commission of Texas said last week it has created the framework for a pilot program designed to enhance environmental protection in Texas by recycling produced water safely and economically.  It will provide a regulatory program for operators to assess the effectiveness and suitability of applying treated produced water for beneficial purposes.  Operators will apply […]

Eighteen Permian -focused operators are among the “most prolific 50 public oil and gas operators in the U.S.” based on gross operated production last year, according to Austin-based Enverus.  ExxonMobil, Chesapeake Energy and EOG Resources are the top three – each producing more than 1 million boed.  Enverus said the list “factors in last year’s […]

There was minimal activity last week among oil and gas drillers in Texas and New Mexico.  Baker Hughes said as of Jan. 12 rig counts were unchanged in Texas at 308 (379 year ago) and New Mexico at 97 (103 year ago).  Also, there were 309 rigs in Permian Basin (down 2 from 311 previous […]

Tulsa-based Vital Energy, independent company focused on acquisition, exploration and development of oil and gas properties in Permian Basin, said last week its 2023Q4 production was 113,400 boed.  That’s above guidance of 101,800 to 105,800 boed.  Oil production was 52,800 b/d – above guidance of 47,900 to 50,900 b/d.  Vital said Jan. 9, “Production results […]