Texas oil, gas industry September employment up in past month, year – Permian Basin Oil and Gas Magazine

Texas Independent Producers and Royalty Owners Association said Texas direct upstream employment for September was 202,900 – an increase of 900 from August 2022 and 34,000 from September 2021.  TIPRO said in September there were 11,382 active unique industry job postings in Texas, including 4,181 in Houston, 1,028 in Midland…

East Daley forecasts tight takeaway capacity for gas pipelines from Permian – Permian Basin Oil and Gas Magazine

East Daley Analytics said Sept. 30 falling Permian Basin prices for natural gas put a spotlight on pipeline takeaway capacity.  East Daley forecast Permian Basin egress to tighten by late 2022 “yet the steep discounting at Waha suggests takeaway is already tight.”  Reduced exports to Mexico also have put pressure…

O&G Global Contracts Declined in Q2 2022 – Permian Basin Oil and Gas Magazine

The overall number of contracts in the oil and gas industry fell by 16 percent in the second quarter of 2022, according to GlobalData. However, the data and analytics company notes that contract value stayed level. GlobalData’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream),…

The Answer Includes the Permian Basin – Permian Basin Oil and Gas Magazine

Scott Kidwell In 1789 after the finalization of the U.S. Constitution establishing a separation of powers between three branches of the federal government, Benjamin Franklin penned a letter to Jean-Baptiste Leroy which included a worry that even with Franklin’s enthusiasm for the document’s permanency “…in this world nothing can be…

Rig counts decline in Permian Basin, U.S. for second straight week – Permian Basin Oil and Gas Magazine

Rig counts in Permian Basin and U.S. declined for the second straight week, according to Baker Hughes.  As of Aug. 12, there were 346 rigs in Permian Basin (347 week ago, 246 year ago), 372 in Texas (373 week ago, 232 year ago), 104 in New Mexico (unchanged in past…

Automation Nation – Permian Basin Oil and Gas Magazine

By Paul Wiseman It’s almost like you can find the words “innovation” and “automation” on the same page of the dictionary today, despite their obvious alphabetical distance. In this economy the efficiency and data insights offered by automation lets the systems pay for themselves quickly in both reduced overhead and…

New chairman Walker to speak at TIPRO conference in San Antonio – Permian Basin Oil and Gas Magazine

Texas Independent Producers and Royalty Owners Association scheduled its summer conference August 24-25 in San Antonio.  Speakers will include EnerVest president and CEO Jud Walker, Texas attorney general Ken Paxton, U.S. House of Representatives members Tony Gonzales (R-Texas) and Vicente Gonzalez (D-Texas), and Marshall Adkins of Houston, managing director and…

Federal lease sales on onshore public lands nets $22 million – Permian Basin Oil and Gas Magazine

Energy companies submitted bids totaling more than $22 million for drilling rights on about 110 square miles of federal lands in seven western states last week.  It was the first sale of onshore leases since President Biden took office in January 2021.  About 200 square miles of public lands in…