JANUARY 2023 Volume 66 No. 1 THE ISSUE The " Better Business " Publication Serving the Exploration / Drilling / Production Industry JANUARY 2023 Geopolitical events made a dramatic re-entrance onto the global stage in 2022, putting renewed emphasis on the critical importance of both crude oil and natural gas supply surety. With world events pressuring the supply side to the point where elected officials of all stripes are calling for more U.S. oil and natural gas, the new year begins with expectations the demand side will only continue to grow. The January issue's View From The Top: Outlook 2023 reports open with analyst Richard Spears predicting that oil and gas consumption will continue to rise for at least a decade, with the world requiring more hydrocarbons than ever before. The same section also takes in the broader macroeconomic picture and its implications for oil and gas companies in search of capital. Next, the annual Tech Trends reports highlight next-generation completion design, quantify the upside of refracturing shale wells and demonstrate multiphase pumping's far-ranging applications. Part one of Resource Science explains how neutrally buoyant ultralightweight proppants can increase initial production rates and ultimate recoveries, and looks at resource play trends and technology. Industry news includes the OOGA Convention Section. Cover art by John Perez Graphics & Design LLC. Issue graphics by Amanda DeMoss. NEWS 16 | Executive Branch: Biden administration finalizes WOTUS rule; BLM proposes venting and flaring regulation; DOI's lack of leasing prompts lawsuit; DOE moves to buy oil for depleted SPR; Administration says EOR eligible for carbon sequestration funds; DOE looks to bar fossil fuels from new federal buildings 20 | California Challenges: CIPA submits petition to nix SB 1137; L.A. City Council well ban likely to prompt lawsuits 21 | State Regulations: Kentucky Treasurer lists firms at risk of state divestment 21 | Around the Industry: Pruett named IPAA chairman; Permian's Hall of Fame inducts four industry innovators 22 | Mergers and Acquisitions: Williams obtains MountainWest system; NOG closes Delaware Basin bolt-on acquisition 30 | Steel and Aluminum Tariffs: Biden administration balks at WTO ruling 30 | Power Market: Combined-cycle generation expanded in 2022 102 | Indiana Industry: INOGA convention seeks to build bridges 105 | Texas Jobs: TIPRO notes industry employment, tax revenue still climbing OFFICIAL CONVENTION SECTION 33 | OOGA: Ohio industry keeps pointing upward COLUMNS 25 | Tech Connections DEPARTMENTS 11 | Calendar 14 | Oil & Gas Counts 16 | Industry Digest 27 | Washington Watch 106 | Industry Focus 113 | Classified Advertising 114 | Advertisers Indexhttp://www.propx.com