Author: Shiloh

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 …

April 14, 2022 — Ranger Oil Corporation has reduced its leverage to a previously-stated target, and its board of directors has now approved a $100 million share repurchase program. As of March 31, …

By Alex Mills Consumers of petroleum products need to plan for higher prices this year, according to a report from the Energy Information Administration (EIA) at the U.S. Department of Energy. How high? …

April 13, 2022 — Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early …

April 13, 2022 — Crude oil and natural gas production as reported to the Railroad Commission of Texas for January 2022 came from 162,579 oil wells and 85,812 gas wells. The RRC reports …

April 13, 2022 — Railroad Commission of Texas commissioners on Tuesday adopted a new rule that sets priorities for firm gas supplies and transportation during emergencies such as last year’s Winter Storm Uri. …

April 12, 2022 — The American Petroleum Institute reported Tuesday that US crude inventories increased 7.757 million barrels for the week ending April 8, compared to 1.08 mb the previous week. Analysts had …

By Alex Mills A global pandemic, a war in eastern Europe, and climate change mandates have thrown a cloud over future energy supplies, which has resulted in rising prices, inflation and the potential …

April 5, 2022 — Texas-based pipeline company Max Energy has purchased the Upper Gulf Coast Pipeline System, adding another 328 miles of existing pipeline to the complex of terminals, transportation and loading projects …

April 5, 2022 — Even with Democrats in governmental control of the national climate change agenda, there will only be a partial reduction in greenhouse gases by the year 2050, a University of …

April 4, 2022 — Revenue to the State of Texas from O&G in March was up more than 100% over 2021 income, according to the latest report from the comptroller’s office. Oil production …

By Alex Mills March 31, 2022 — President Joe Biden’s energy policy took on new challenges this week when he announced additional exports of U.S. natural gas to Europe to replace imports from …

March 31, 2022 — Russian hackers are targeting Texas energy, according to state officials and others, but at least one expert is most concerned about the possibility of a hack into the US …