By Alex Mills As global economies came out of the coronavirus pandemic, demand for petroleum products escalated quickly and supplies of crude oil could not keep pace. Prices rose as did inflation. A …
June 28, 2022 — The Railroad Commission of Texas (RRC) is accepting public comment on proposed new rule 16 Texas Administrative Code §3.66, relating to Weather Emergency Preparedness Standards. The proposed rule implements …
See Mr. Mewbourne’s obituary here
June 23, 2022 — Texas and America lost a giant with the passing of Curtis Mewbourne, founder of Mewbourne Oil Company, which started as a small independent oil company and grew into one of the largest privately owned oil and gas companies in the country. Mr. Mewbourne’s leadership in the oil and natural gas industry is legendary. In fact, the geological and petroleum engineering college at Oklahoma University, Mewbourne College of Earth and Energy, stands proudly named in his honor. Beyond his tremendous achievements, he was a trusted, dear friend and advisor to many.
“Few individuals have had the opportunity to achieve the level of success of Curtis Mewbourne. Part of his success was his desire to maintain high standards in the oil and natural gas industry and to work for a better and stronger Texas and America,” said Todd Staples, President, Texas Oil and Gas Association. “Mr. Mewbourne demonstrated a drive for excellence in all his endeavors and his passion was contagious. This industry and our world are truly better because of his life well lived.”
Mr. Mewbourne was highly regarded by his colleagues for his consistent display of integrity, stellar character and visionary leadership. He served in many leading roles for the Texas Oil and Gas Association and was honored as a Distinguished Service Award recipient in 2011. He joined as a TXOGA member in 1969 and remained active in leadership, support and engagement until his passing. Mr. Mewbourne had a passion for quail hunting and shared his love of the great outdoors with family and friends. He will be greatly missed by many.
By Alex Mills President Joe Biden proposed a 90-day suspension of the federal gasoline tax this week, and it was promptly met with skepticism by many members of Congress and economists. It’s an …
June 23, 2022 — The Texas Independent Producers and Royalty Owners Association (TIPRO) says it is joining leading industry trade associations across the country in a letter that urges President Joe Biden and …
June 18, 2022 — Since the onset of the global pandemic, the US has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the …
By Alex Mills Just 18 months ago Joe Biden took the oath of office as President of the United States of America and began releasing the full power of the federal bureaucracy to …
By Alex Mills Crude oil and natural gas prices remain strong as market conditions indicate supply will be unable to meet rising demand. Brent crude oil increased to $120 per barrel this week …
June 3, 2022 — The Railroad Commission of Texas issued a total of 963 original drilling permits in May 2022 compared to 631 in May 2021. The May 2022 total includes 849 permits …
June 2, 2022 — Texas Pacific Land Corporation (TPLC) said on Wednesday it has a new agreement with a Houston carbon sequestration company to study the geological and geophysical characteristics of about 21,000 …
June 1, 2022 — The Texas Comptroller‘s office says incoming oil production taxes in May were up 64% when compared to May of last year, at $595 million. And natural gas, at $413 …
One of our servers is being replaced. The old server has been unstable. We offer our apologies if you have encountered problems with our website. Work continues. We thank you for your patience.
By Alex Mills The price of petroleum products hit near record levels this week as demand remains strong and supplies struggle to keep pace. The Energy Information Administration (EIA) reports the U.S. average …
May 23, 2022 — With the U.S. Department of Energy set to announce plans for $8 billion in funding for clean hydrogen hubs across the country, a new report finds that Houston, long …
May 22, 2022 — Recently, we released results from an experiment in which we investigated how Republicans and Democrats respond to the terms “natural gas,” “natural methane gas,” “methane,” and “methane gas.” We found that …
May 20, 2022 — Dallas all-around energy investor Principal Solar Inc. is touting it’s new definitive R&D agreement with Triad Pro Innovators Inc. in which the two are planning joint research focusing on …
May 17, 2022 — It might seem paradoxical, but producing oil and gas from shale reservoirs could actually help the world transition to cleaner energy sources. One of the keys to a successful …
May 16, 2022 — What follows is a press release from the Electric Reliability Council of Texas (ERCOT): The ERCOT region is expected to have sufficient installed generating capacity to serve peak demands …
By Alex Mills The price of gasoline reached record highs this week, and some politicians, including the President of the United States, began pointing fingers at U.S. oil producers. But what these critics …
AEP First-quarter 2022 GAAP earnings of $1.41 per share and $1.22 per share operating Company reaffirms 2022 operating earnings (non-GAAP) guidance range of $4.87 to $5.07 and 6% to 7% long-term growth rate …
