Why hasn’t the Permian boom generated a boom for Texas oil and gas jobs? From the Dallas Morning News Texas added barely any oil and gas jobs last year even as the state continued to dominate the industry, according to a report released Monday. The Texas industry employed 325,439 or about 39 percent of those jobs nationwide, according to the Texas
Texas regulator says “misunderstanding” is making millennials shun oilfield jobs From the Texas Tribune Texas Railroad Commissioner Wayne Christian told House lawmakers on Wednesday that the biggest threat to a burgeoning oil boom is “the acceptance of the politically-correct-driven environmental anti-oil and gas science.” If you ask Wayne Christian, the biggest threat to the oil and gas industry in Texas is
The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin and Eagle Ford rose again. Employment spiked up in February and is at its highest level since late 2015, while
Artificial intelligence as smart as humans will lead to “super intelligent” technology that will outperform human beings From MarketWatch WASHINGTON – It is no longer in question whether all jobs will be automated, the chair of the Institute for New Economic Thinking said Tuesday. The real question rests in when that automation will occur and which sectors of society will
From NewsOK Participants in Tuesday’s energy chat on NewsOK asked how recently approved increases in taxes on Oklahoma wells might impact the ongoing resurgence of the state’s oil and gas industry, among other things. The Oklahoman’s energy writers, Adam Wilmoth and Jack Money, fielded the questions. This is an abridged transcript of that conversation: Q: How does Oklahoma’s gross production tax
Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam cracker (50% ethane and refinery off-gas) with a capacity of 1.5 million tons per year of ethylene and related high-added-value
Oil & Gas 360® has learned that the Colorado Supreme Court will hear the opening briefs for Martinez v. COGCC (docket number 2017SC297) on April 2, 2018. It’s a meaningful case because the outcome could force a change to the criteria which Colorado’s oil and gas regulator—the Colorado Oil and Gas Conservation Commission (COGCC)—must use when approving or denying permits
Julie Murphy was welcomed by her fellow colleagues as the COGCC held its March 19, 2018 hearing, and during a lively public comment session, voices both for and against oil and gas development were inked into the record The Colorado Oil and Gas Conservation Commission started the day with a brief roll call and welcomed a new honcho, Director Julie
WPX Energy (ticker: WPX) announced that Valerie M. Williams has been elected to the company’s board of directors effectively immediately. According to WPX, Williams has more than 35 years of audit and public accounting experience with Ernst & Young, LLP, most recently as the Southwest Region Assurance Managing Partner where she had responsibility for a $500 million audit practice encompassing
Liberty added 1,000 new employees in 2017, ordered two additional frac fleets to be delivered in Q3, Q4 2018 Newly public Liberty Oilfield Services Inc. (ticker: LBRT) earned $45 million, or $0.30 per share in Q4 2017. For the full year of 2017, the company earned $130 million, or $0.88 per share. Liberty said that these numbers have been adjusted
The Federal Reserve Bank of Dallas reported that wages in the Permian Basin fell for the second quarter in a row after spiking in first quarter 2017. The rig count and crude oil production rose in January, the Fed said. Wages Average weekly wages fell 0.3% in the Permian Basin, while wages fell by almost 1% statewide between second quarter
Netherland, Sewell & Associates, Inc. (NSAI) is a worldwide leader of petroleum property valuations for the industry, financial organizations and government agencies. NSAI delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical and economic solutions for all facets of the upstream energy industry. The company was established in 1961 and has offices in Dallas and Houston, with more than
