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.
In a world where innovation defines success, SLB (formerly Schlumberger) continues to lead the way in leveraging cutting-edge digital and technological advancements. With a strong focus on AI, automation, and data-driven insights, SLB has established itself as a pioneer in transforming the energy industry. Let’s delve into how SLB’s innovations are reshaping operations, driving efficiency, and setting new standards for performance.
In a significant development in the Texas oil and gas sector, Hilcorp Energy Company has successfully acquired multiple facilities from Urban Oil & Gas Group, LLC. This transfer, regulated by the Texas Commission on Environmental Quality (TCEQ), underscores Hilcorp’s ongoing commitment to expanding its operations across the Lone Star State.
Roberts County, Texas, a quiet corner of the state, holds a significant place in the oil and gas industry, ranking #63 in the state for Barrel of Oil Equivalent (BOE) production as of September 2024. While it may not top the charts, the county’s long history of energy production and steady drilling activity make it a notable contributor to Texas’s energy landscape.
Chevron Corporation and Shell plc have achieved a significant milestone with the launch of oil production from the Whale semi-submersible platform, located in the deep waters of the U.S. Gulf of Mexico. The Whale project is a joint venture between two of the world’s leading energy companies, marking a pivotal step in the ongoing development of deepwater resources and reinforcing the Gulf’s critical role in global energy supply.
Permian Resources Corporation (NYSE: PR) has emerged as a formidable force in the U.S. oil and gas sector, with its strategic focus on the prolific Delaware Basin positioning it for sustained growth. Headquartered in Midland, Texas, the company controls over 400,000 net acres in one of North America’s most sought-after energy regions. Through a series of well-executed acquisitions and operational efficiencies, Permian Resources has demonstrated its commitment to value creation for shareholders, achieving impressive financial results and solidifying its competitive position.
