supply chain

Natural Gas, Oil Players Eyeing Lithium to Build ESG Cred

Natural Gas, Oil Players Eyeing Lithium to Build ESG Cred

More than a new source of revenue, extracting lithium from produced water could allow natural gas and oil industry players to achieve environmental, social, and governance (ESG) goals, informed sources told NGI. The level of interest in lithium extraction produced water, aka brines, among exploration and production companies, oilfield services firms and others is “growing,”…

June 8, 2022
Coterra CEO Says Government, Investors Must Do More to Encourage Production Growth

Coterra CEO Says Government, Investors Must Do More to Encourage Production Growth

Coterra Energy Inc.’s CEO Thomas Jorden called for the government and investors to provide the proper signals in response to an energy crisis “unlike anything the world has seen in almost 50 years.” In order for the U.S exploration and production (E&P) sector to “respond with increased U.S. supply, we need well-thought-out regulation and policies…

May 4, 2022
Permian-Focused Ring Energy Exceeds 1Q Production Guidance

Permian-Focused Ring Energy Exceeds 1Q Production Guidance

Ring Energy Inc. is off to a strong start to the year, drilling six Permian Basin wells during the first quarter and placing four new wells into production, the independent exploration and production (E&P) company reported. “Our operations teams continue to perform efficiently and effectively maintaining our base production and bringing on new development wells…

April 29, 2022
‘Too Many Constraints’ to Rapidly Boost Lower 48 Oil, Natural Gas Production, Experts Say

‘Too Many Constraints’ to Rapidly Boost Lower 48 Oil, Natural Gas Production, Experts Say

Lower 48 oil and natural gas production is on the rise, particularly in the Permian Basin, but shortages of labor, materials and equipment will prevent a rapid supply response to current market tightness, according to experts. The Biden administration has called on U.S. producers to ramp up supply in order to lower gasoline prices and…

April 18, 2022
North Dakota’s Oil, Gas Supply Chain Said ‘Badly Broken,’ Limiting Output Upside

North Dakota’s Oil, Gas Supply Chain Said ‘Badly Broken,’ Limiting Output Upside

North Dakota oil and natural gas producers are facing multiple roadblocks to increasing production amid a historically tight global oil market, the state’s top regulator said this week. Department of Mineral Resources (DMR) director Lynn Helms discussed the challenges, along with the state’s production, drilling, permitting and natural gas flaring statistics for January, in his…

March 17, 2022
U.S. Oil, Natural Gas Projects Said Likely to Face 10% Hike in Wages, Supply Chain Inflation to 2023

U.S. Oil, Natural Gas Projects Said Likely to Face 10% Hike in Wages, Supply Chain Inflation to 2023

U.S. oil and natural gas projects are forecast to face higher costs going forward as wages rise along with supply chain inflation. The engineering, procurement, construction and installation (EPCI) segment may be the “first to record a double-digit percentage hike in costs,” according to a new analysis by Rystad Energy.  Domestic EPCI costs, driven by…

November 20, 2021
Liberty Oilfield Activity, Prices Rising, but ‘Serious Supply Chain Issues’ Impact 3Q

Liberty Oilfield Activity, Prices Rising, but ‘Serious Supply Chain Issues’ Impact 3Q

An uptick in North American oil and natural gas activity, brought about because of the tight global commodity markets, has “bolstered demand” for Liberty Oilfield Services Inc.’s completions services and set it up for a strong 2022, CEO Chris Wright said Wednesday. With heightened demand to drill, more customers today also are looking for “modern,…

October 28, 2021
NOV’s Global Oil, Gas Orders Surpass Shipments, but Covid ‘Disruptions’ Stymie Supply Chain

NOV’s Global Oil, Gas Orders Surpass Shipments, but Covid ‘Disruptions’ Stymie Supply Chain

Surging oil and natural gas prices drove higher global demand for NOV Inc.’s oilfield services in the third quarter as orders eclipsed shipments, but “pandemic-related supply chain issues” pressured some projects, CEO Clay Williams said Wednesday. Williams and his management team discussed the Houston-based operator’s third quarter performance and the outlook ahead during a conference…

October 27, 2021