December 11, 2020 — A London-based company said this week it will continue in plans to buy power plants that include one in Texas and another in New Mexico. ContourGlobal said it’s buying …
By Alex Mills Demand for petroleum products declined this year in reaction to reduced economic activity due to the COVID-19 pandemic, but the future looks much better, according to a report from the …
December 10, 2020 — The board at Houston-area fracing support services and sand production company Hi-Crush Inc. has a new team taking over. Dirk Hallen has been named CEO, while Stephen White has …
December 9, 2020 — The Railroad Commission of Texas issued a total of 382 original drilling permits in November 2020 compared to 958 in November 2019. The November 2020 total includes 321 permits …
December 9, 2020 — The Woodlands-based Newpark Resources has a new member of the board starting New Years Day. Newpark describes itself as “a geographically diversified supplier providing products, as well as rentals …
December 9, 2020 — Newly-formed Solar Proponent LLC, a solar project developer based in Austin, has backing from Houston private equity company EnCap Investments LP. Solar Proponent is also expecting growth capital from …
December 9, 2020 — CenterPoint Energy points out that Moody’s Investors Service has changed the utility’s rating outlook from Negative to Stable. Moody’s also affirmed Texas’s only investor-owned electric and gas utility’s Baa2 …
December 9, 2020 — The Railroad Commission of Texas (RRC) is accepting public comment on proposed revisions to the instructions to Form PR Monthly Production Report. The proposed revisions will support the RRC’s regulation …
December 7, 2020 — Third Coast Midstream, LLC has completed the sale of its East Texas gathering, processing, and fractionation business to J. Global Energy Midstream LLC The 3CM East Texas is a 710-mile oil and …
December 9, 2020 — Oil and gas industry job losses in Texas are worse than previously reported, based on updated employment estimates from the Federal Reserve Bank of Dallas and the Texas Alliance of …
December 9, 2020 — The Railroad Commission of Texas assessed $592,087 in fines involving 115 enforcement dockets against operators and businesses at the Commissioners’ Conference on Dec. 8. The Commission has primary oversight …
December 9, 2020 — The executive director of the Public Utility Commission of Texas resigned on Wednesday. John Paul “JP” Urban III notice is effective immediately, the agency said. The commission will meet …
December 8, 2020 — There were goodbyes at Tuesday’s ERCOT board meeting in Austin as members Craven Crowell, Judy Walsh and Karl Pfirrmann completed their final terms on the Board of Directors. The …
December 8, 2020 — Vistra has named its COO as the new president and CFO, while the company’s former CFO prepares to join Evergy Inc. Jim Burke has been executive vice president and …
December 7, 2020 — After challenges in 2020 it’s never faced before, Pedernales Electric Cooperative (PEC) is doing well and its CEO Julie Caruthers Parsley is being honored for keeping the co-op on …
December 7, 2020 — NuStar Energy has closed on the sale of its terminals in Texas City. The deal to sell to Houston’s BWC Terminals for $106 million was announced on November 2nd. …
Updated Sunday 7:21 pm
December 6, 2020 — Five employees of an oil services company remain hospitalized, all in stable condition, after an explosion and fire on Saturday at a Magellan Midstream Partners petroleum storage tank farm in Corpus Christi.
Two of the seven have been released from hospitals, Corpus Christi Fire Department Deputy Chief Richie Quintero said Sunday.
December 4, 2020 — Expansion and updating at the 11-year-old Langford wind farm in West Texas is complete, according to owner Clearway Energy Group — part of a growing market for augmenting or …
December 3, 2020 — In a move that analysts say represents confidence that a post-pandemic market is on the horizon, OPEC and its allies have agreed to an increase in production by 500,000 …
December 3, 2020 — Houston’s Maverick Natural Resources is buying FourPoint Energy LLC, the largest producer in the Western Anadarko Basin. The plan is for FourPoint to became a wholly owned subsidiary of …