5-16-22

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   …

US Oil Producers Increased Capital Expenditures and Cash from Operations in Late 2021: EIA

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….

Houston’s Converge Midstream Said To File Suit Against Magellan Midstream for “Anti-Competitive Practices”

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 …

ERCOT, Market Participants, and Bitcoin Miners Become Acquainted at Second Task Force Meeting: Husch Blackwell

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.

PG&E To Be Testing Whether Hydrogen Energy Can Be Formulated for Gas Pipelines

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.”

5-6-22

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 …