At the Atlantic Council’s annual board forum, Chevron Chairman and CEO Mike Wirth delivered insights into the energy industry’s future, focusing on critical topics like the Permian Basin, capital efficiency, and the growing impact of artificial intelligence (AI) on energy demand.
In its Q4 2024 financial report, Halliburton not only showcased its impressive financial performance but also highlighted a series of groundbreaking technological advancements aimed at transforming the oil and gas industry.
Rising tariffs and import restrictions on steel and Oil Country Tubular Goods (OCTG) have sent ripples through the oil and gas industry, altering market dynamics and reshaping cost structures. As key inputs in the exploration, production, and transportation of hydrocarbons, steel and OCTG are integral to energy projects. This blog explores the multifaceted impacts of these policy changes and their implications for the industry.
As we move into 2025, the U.S. oil and gas sector finds itself navigating a complex landscape shaped by declining day rates, shifting rig utilization patterns, and evolving market dynamics. Here’s a look at the key trends from 2024 and what they mean for operators, service providers, and stakeholders in the coming year.
The Texas Commission on Environmental Quality (TCEQ) plays a pivotal role in regulating air permits for 66 compressor stations across the state. In 2024, numerous compressor stations received approval under various project and permit types. This blog delves into the details, providing insights into permit distribution, project types, and geographic trends using the dataset of approved air permits.
The Texas Commission on Environmental Quality (TCEQ) has recently recorded a significant change in ownership of several oil and gas projects from WildFire Energy LLC to Vess Oil Corporation. This transition highlights the dynamic nature of asset management within the energy sector, as companies restructure their portfolios to align with…
The Permian Basin is one of the most prolific oil and gas regions in the world, and among the operators vying for a competitive edge, Matador Resources (NYSE: MTDR) is rapidly gaining recognition. While larger peers like Diamondback Energy and EOG Resources dominate headlines, Matador has quietly built a reputation for innovation, strategic acquisitions, and efficient operations. Here’s why Matador Resources is an up-and-coming company to watch in the Permian Basin.
The latest rig count data from Baker Hughes and Enverus paints a clear picture of a slowing U.S. drilling industry, with activity levels dipping to their lowest since December 2021. Over the past week, the national rig count fell by four, leaving 580 rigs active across the country—a decline of 40 rigs compared to this time last year.
The analysis of Precision Drilling (NYSE: PDS; TSX: PD) highlights the company’s strengths, challenges, and potential opportunities as it navigates the evolving oil and gas landscape.
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