August 12, 2020
From his Twitter feed about 7:50 pm: “I have tested positive for COVID-19. I began to exhibit symptoms last night. I appreciate the well wishes while I diligently comply with isolation and contact tracing guidelines as put out by the Governor and CDC.”..
August 12, 2020
Sanford Elliott McCormick, 89, passed away peacefully at his home in Fountain Hills, Arizona, on July 29th….
August 11, 2020
Houston’s Tellurian Inc. has closed the sale of 35 million shares of common stock….
August 11, 2020
San Mateo Black River Oil Pipeline LLC is looking for shippers for a proposed interstate crude oil transportation service expansion….
August 11, 2020
North Texas oilman Edward Duer Wagner Jr. died at his home in Fort Worth on August 1st….
August 11, 2020
Houston-based independent well and drilling service provider Scientific Drilling International is keeping its interim president and CEO in place permanently…..
August 10, 2020
Money collected by the State of Texas in oil production taxes during June was down 40% from a year ago, according to official figures….
August 11, 2020
A new agreement will secure joint development of a new 400 MW solar project in Refugio County….
August 10, 2020
Fort Worth-based O&G efficiency specialist Presidio Investment Holdings LLC has completed its purchase of almost all of the oil and gas producing properties belonging to Oklahoma City’s Templar Energy LLC….
August 8, 2020
AUSTIN –– The Railroad Commission of Texas issued a total of 351 original drilling permits in July 2020 compared to 912 in July 2019. The July 2020 total includes 286 permits to drill new oil or gas wells, six to re-enter plugged well bores and 40 for re-completions of existing well bores.
The breakdown of well types for original drilling permits in July 2020 is 70 oil, 27 gas, 232 oil or gas, 9 injection, and 13 other permits.
In July 2020, Commission staff processed 1,125 oil, 211 gas and 367 injection completions for new drills, re-entries and re-completions, compared to 499 oil, 156 gas, and 44 injection completions in July 2019.
Total well completions processed for 2020 year to date for new drills, re-entries and re-completions are 9,510 compared to 5,749 recorded during the same period in 2019…..
August 11, 2020
“Surplus real estate” belonging to Halliburton goes on the auction block in October includes land and industrial buildings….
August 11, 2020
Saudi Aramco‘s marketing and refining subsidiary Motiva Enterprises confirms on Tuesday that it plans to lay off about 10% of its total workforce by September 1st….
August 10, 2020
Commercial operations at Houston-based McDermott‘s Train 3 at it’s $10 billion Cameron LNG project are underway….
August 10, 2020
The Dallas area’s HomeBound Resources LLC, focusing on smaller and more complex fields, has picked up more than 50 wells and 100 acres of proven undeveloped reserves in the Midland Basin….
August 10, 2020
Houston-based Weatherford International has appointed H. Keith Jennings as its new CFO….
August 10, 2020
An Texas assistant attorney general and three employees are in new positions at the Texas Commission on Environmental Quality.….
August 8, 2020
Almost all electricity customers in the Northeastern US affected by Tropical Storm Isaias have their power back on now, in part thanks to help from Texas….
“Weakened financial profiles…large capital programs…increased use of leverage.” Yet AEP reported strong 2Q growth earlier on Thursday.
August 7, 2020
Moody’s Investors Service said on Thursday it’s downgraded the long-term ratings of American Electric Power Company, Inc. senior unsecured down to to Baa2 from Baa1 and subsidiary AEP Texas Inc., with senior unsecured down to Baa2 from Baa1.
Moody’s also said it downgraded Ohio Power Company (OPCo) senior unsecured to A3 from A2, and Public Service Company of Oklahoma (PSO) senior unsecured to Baa1 from A3.
At the same time, Moody’s revised the outlooks for AEP, AEP Texas, OPCo and PSO to stable from negative.
AEP earlier on Thursday had reported strong second-quarter 2020 GAAP earnings of $1.05 per share; second-quarter 2020 operating earnings of $1.08 per share and reaffirmed 2020 operating earnings (non-GAAP) guidance range of $4.25 to $4.45 per share and 5% to 7% long-term growth rate…….
August 5, 2020
“The data provided by the Railroad Commission confirms that both industry and regulators are continuing to make great strides on environmental progress. The rate of flaring being reduced by 79% is highly significant when you consider, at minimum, more than one-third of the reduction came before the curtailment of production in response to the pandemic. The focus on implementing a greater use of technology will continue to spur innovation which is a hallmark of this industry. I appreciate the Commissioners’ leadership and the member companies who participate in the Texas Methane & Flaring Coalition. The Coalition looks forward to reviewing the proposal and remains committed to its goal of ending routine flaring in Texas.”….
August 6, 2020
Cheniere Energy is among the companies doing well despite the current economic challenges, with plans for a sixth train at its Louisiana LNG plant to begin ahead of schedule….