U.S. energy firms add oil, gas rigs for record 17th month in a row- Baker Hughes
Swati Verma and Brijesh Patel, Reuters | December 31st, 2021
Dec 31 (Reuters) - U.S. energy firms added oil and natural gas rigs for a record 17 months in a row as higher prices lured some drillers back to the wellpad after last year's coronavirus-driven decline in demand.
Bakken, Permian Push U.S. To Record Gas Flaring Lows
Bojan Lepic, Rigzone | December 17th, 2021
Onshore gas flaring in the U.S. nosedived in the third quarter of 2021, falling to its lowest level since at least 2012, Rystad Energy stated.
Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast
Matthew Veazey, Natural Gas Intelligence | December 17th, 2021
Higher-than-expected oil and natural gas production, as well as stronger prices, are giving New Mexico’s coffers a boost, the state’s Legislative Finance Committee (LFC) recently reported.
Exxon Mobil to use satellites to detect methane emissions in Permian Basin
Paul Takahashi, Houston Chronicle | December 13th, 2021
Exxon Mobil plans to use satellites to detect methane leaks in the Permian Basin, the Texas oil giant's latest efforts to address greenhouse gas emissions and growing concerns over climate change.
Oil And Gas Industry To Spend $15 Billion On A Tech Transformation
Michael Kern, Oil Price | December 15th, 2021
The oil and gas industry is set to spend $15.6 billion on digital transformation by the end of this decade to enhance cybersecurity, maintain safe operations, and create sustainable performance, technology intelligence firm ABI Research said in a new report on Wednesday.
Chevron seeks $30M in Eddy County bonds for solar farm south of Carlsbad
Mike Smith, Carlsbad Current-Argus | December 14th, 2021
Energy companies sought $30 million in industrial revenue bonds from Eddy County for a 20-megawatt solar project south of Carlsbad.