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 …
The Texas Energy Report NewsClips – May 16, 2022 Asterisk (*) denotes news stories that may be inaccessible because the remaining portions are behind a paywall delayed by mechanical problem Top Stories …
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 …
May 5, 2022 — In response to higher crude oil prices, financial results for 42 U.S. exploration and production (E&P) companies showed large increases in both cash from operations and capital expenditures in the fourth quarter of 2021, The US Energy Information Administration said Thursday….
By Alex Mills $100 crude oil has resulted in a sharp reversal of finances throughout the oil and natural gas industry. International integrated companies – such as Exxon Mobil Corp. and Chevron – …
May 3, 2022 — Oil and gas production tax income to the State of Texas is still showing major upticks following down years in 2020 and 2021, with April 2022 oil production tax …
May 3, 2022 — ERCOT says it’s concerned about hotter-than-normal conditions this Friday through Monday, so it’s telling power plants to cancel planned maintenance to be certain that there’s enough electricity to go around this weekend.
No blackouts are expected, and the…
May 3, 2022 — Houston’s Converge Midsteam says it’s filed a lawsuit against Tulsa-based Magellan Midstream Partners and subsidiary Magellan Crude Oil Pipeline Company, L.P., claiming anti-competitive practices that should have been eliminated with the settlement of a 2017 complaint to the Railroad Commission of Texas (RRC).
The suit asks for damages that could run to the hundreds of millions and was filed in a Harris County court May 3rd, claiming that Magellan “systematically” shut out or impeded Converge’s operations as well as those of other potential competitors in a manipulation of markets, a breach of Texas law requiring companies with common carrier status, such as Magellan, to work for the public good.
A statement from Magellan is expected soon regarding the lawsuit.
The RRC complaint …
By Alex Mills
Demand for natural gas has surged in recent years as economies around the world realize its value.
Consumers in the U.S. use natural gas to warm their homes, cook dinner and in some cases as a transportation fuel. Its largest consumers, however, are electric utilities.
With several Texas hydrogen projects underway, a Canadian company is looking at potential sites for a “green hydrogen” production site in the Lone Star State
May 2, 2022 — A second meeting of the Electric Reliability Council of Texas’s (ERCOT) Large Flexible Load Task Force (LFLTF) brought together ERCOT, ERCOT market participants (MPs), and bitcoin miners to become acquainted through educational presentations and dialogue.
More than 250 people participated at the meeting and online.
Is hydrogen-sourced energy viable to send through natgas pipelines? PG&E wants to find out what the blend to do so might be
May 1, 2022 — In an attempt to test the true feasibility of using hydrogen as a global renewable energy source and as a viable ingredient in natural gas pipelines, investor-owned Pacific Gas & Electric is launching what it calls “the nation’s most comprehensive end-to-end hydrogen study and demonstration facility.”
The Texas Energy Report NewsClips – May 6, 2022 Asterisk (*) denotes news stories that may be inaccessible because the remaining portions are behind a paywall Top Stories Associated Press/ABC News …
By Alex Mills The U.S. oil and gas industry shows signs of increased activity even though the federal bureaucracy continues to throw roadblocks in the way of the path to recovery. This week …
April 21, 2022 — LyondellBasell said on Thursday that it’s decided to “cease operation of its Houston refinery no later than December 31, 2023,” leaving behind the refining business. Meanwhile, they’ll continue serving the …
April 19, 2022 — An embargo on Russian oil at the European Union level is in the works, French Finance Minister Bruno Le Maire said on Tuesday, warning that France’s President Emmanuel Macron …
April 19, 2022 — Permian player Earthstone Energy says it’s closed on the purchase of Bighorn Permian Resources in the Midland Basin, has a new private offering and is adding a new board …
Houston’s Crescent Energy Co. has filed with the US Securities and Exchange Commission for Class A common stock offering. Date for the offering is yet to be determined as the application process is …
April 14, 2022 — Climate research group InfluenceMap has named Houston-based CenterPoint Energy of having a most aggressive anti-climate lobbying position. The non-profit claims CenterPoint and Atlanta’s Southern Company are both “laggards” that …
April 14, 2022 — Personal finance website WalletHub says Texas just isn’t green enough. The editors say they compared the 50 states in terms of 25 key metrics that speak to the current …