September 21, 2022 — They may not be dominant among the top 200, but the richest people in Texas still include lots of energy billionaires, and they’re mostly concentrated in the Energy Capital, …
September 15, 2022 — Four Texas universities, led by The University of Texas at Austin, have been awarded a grant to establish a new research center to study the risks and impacts of …
By Alex Mills September 15, 2022 — Energy prices have taken center stage as a battle ensues to decrease inflation while the fighting continues between Russia and Ukraine. Even though petroleum prices have …
September 14, 2022 — Texas Comptroller Glenn Hegar recently sent a letter to federal agency directors requesting additional review of the proposal by the Environmental Protection Agency (EPA) to designate the Permian Basin …
By Alex Mills Efforts by governments around the World to influence, prod and manipulate crude oil and natural gas supply and demand increased this week in response to changing economic conditions and fighting …
By Alex Mills Just a few years ago natural gas was considered a nuisance that was produced with crude oil and had very little value. Today, natural gas is a much sought …
By Eliecer “Eli” Viamontes, Entergy Texas CEO Companies across all industries are seeking to reduce emissions and associated costs from operations, and the power industry is no different. When it comes to generating …
August 31, 2022 — The Railroad Commission of Texas assessed nearly $1.55 million in fines involving 491 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary …
August 30, 2022 — Palisade Pipeline LLC has a non-binding open season underway for producers and midstream operators to enter into long-term contractual commitments for Palisade’s Rail Runner Produced Water Pipeline System. The …
August 30, 2022 — RRC commissioners on Tuesday adopted the state’s first weatherization rule for natural gas facilities, aimed at protecting gas flow to power generators to help make sure Texans have electricity …
August 26, 2022 — The US Energy Information Administration said on Friday, “According to our latest Drilling Productivity Report, we estimate that crude oil production in the Eagle Ford region in southern Texas will average 1.2 …
August 26, 2022 — The Railroad Commission of Texas will soon begin plugging more wells to continue its strong track record of plugging abandoned oil and gas wells in Texas. The well plugging …
August 18, 2022 — Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day (Bcf/d) during May 2022—the most pipeline exports from West Texas on record, according …
By Alex Mills Big government just got bigger. President Joe Biden signed the Inflation Reduction Act (IRA) this week creating higher taxes on millions of Americans while increasing subsidies for exotic energy sources. …
August 16, 2022 — The State of Texas went on a nationwide search for the leader of its crucial electric grid system, under the close direction of Governor Greg Abbott, and the ERCOT board settled on Pablo Vegas, an Ohio resident who’s currently an executive vice president of Indiana-based NiSource Inc.
Mr. Vegas lives in Ohio and is expected to report for the job as CEO of the Electric Reliability Council of Texas (ERCOT) on October 1st.
His hiring was announced on Tuesday, after an emergency meeting of the ERCOT board of directors on Monday following rumors that Vegas had been hired — rumors that the board feared would be leaked to the news media before an official announcement could be made….
August 16, 2022 — Despite dropping oil prices, the downturn appears temporary. “We’re in a long-term structural bull market in oil,” Schork Group principal Stephen Schork told Yahoo Finance Live. “By the end …
August 12, 2022 — American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement today on House passage of the Inflation Reduction Act: “While the Inflation Reduction Act takes important …
By Alex Mills Petroleum prices declined this week on news that demand could be declining because of inflation. Crude oil traded on the New York Mercantile Exchange closed at $91 per barrel this …
August 11, 2022 AUSTIN – In yet another move to enhance transparency and make Railroad Commission documents more widely available to the public, the agency recently completed a project to place all historic oil and …
By Alex Mills
August 6, 2022 — The shortfall of global oil supplies sent prices up more than 50% this year, and the group of oil exporting countries warned this week the shortage probably will continue beyond 2023.
The Organization of Petroleum Exporting Countries (OPEC) and its non-member partners, which includes Russia (the second largest oil exporting country), met Wednesday and increased its projected production level 100,000 barrels per day (b/d) to 43.955 million b/d.
“The meeting highlighted with particular concern that insufficient investment into the upstream sector (exploration and production) will impact the availability of adequate supply in a timely manner to meet growing demand beyond 2023 from non-participating non-OPEC oil-producing countries, some OPEC member countries and participating non-OPEC oil-producing countries,” OPEC said in a news release.
The warning from OPEC noted that the “severely limited availability of excess capacity.”…