Shale-Shake-Up: Permian Basin's M&A Dance Party

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Daily Bulletin

Lone Star Stories

• Global Gas Games: Israel's Tensions Send Prices Skyrocketing

Global energy prices, especially Brent crude and US benchmark oil, are surging due to concerns over the conflict in Israel and potential implications for the broader oil-rich Middle East region.

• Shale-Shake-Up: Permian Basin's M&A Dance Party

The Permian basin's impressive oil yield, surpassing even OPEC's Iraq, has sparked major consolidation in the shale sector, with companies competing for the best drilling portfolios. Recent and potential mergers and acquisitions, including Exxon's acquisition of Pioneer and speculations around CrownRock, mark this as one of the biggest deal-making years since before the pandemic.

Reader Question of the Day

How is advanced metering infrastructure (AMI) being implemented in oil refineries to optimize energy consumption?

Advanced Metering Infrastructure (AMI) is like giving oil refineries a set of smart glasses to see their energy use clearly. With AMI, refineries can get real-time data on how much energy they're using at any given moment. These smart meters can track energy consumption for different equipment and sections of the refinery, kind of like checking the battery usage for apps on a smartphone.

Using this detailed data, refineries can spot where they might be using more energy than needed and make adjustments. Maybe a machine is running when it doesn't have to, or perhaps there's a better way to schedule operations to save energy. With AMI, refineries get a clearer picture of their energy habits, helping them become more efficient, reduce costs, and be kinder to the environment. It's all about smart energy use.

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