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Author: <span>Shiloh</span>

RRC Hears Recommendations For Reducing Flaring, OKs Interim Rate Adjustments

RRC also approves San Miguel Electric Cooperative and Reeves County waste reservoir initiatives

 

June 16, 2020

Environmental leaders including Dallas’ Trammel S. Crow, oil and gas producers and Texas O&G trade associations spoke to the Railroad Commission of Texas on Tuesday with ideas on how to reduce natural gas flaring.

The commission has said it wants to find reforms aimed at reducing flaring during the current downturn in Texas well activity, before oil and gas activities begin a return to normal levels…..
 

Energy consumption increase as people return to work

By Alex Mills

 

June 11, 2020

Consumption of oil and natural gas in the U.S. will increase during the remainder of this year, according to a new study by the Energy Information Administration (EIA) at the U. S. Department of Energy. Energy usage declined dramatically earlier this year as the nation went into an economic freeze caused by the coronavirus pandemic.

EIA released its Short-Term Energy Outlook on Tuesday forecasting U.S. liquid Fuels consumption will average 15.7 million barrels per day (b/d) during the second quarter (April to June) and 18.4 million b/d in the third quarter (July to September). Consumption averaged about 20 million b/d in 2019.

Natural gas consumption will average 81.9 billion cubic feet per day (Bcf/d) this year, down 3.6% from 2019….
 

A&M Has One-Step Method For Nuclear Power Fuel Recycling

June 11, 2020

As the US continues searching for a politically-viable answer for disposing of nuclear power radioactive waste, Texas A&M University engineering researchers are developing a simple approach to separating out the different components of such waste.

Using grants from the US Department of Energy, scientists have come up with a one-step chemical reaction that results in the formulation of crystals, each containing all the leftover nuclear elements, distributed uniformly, as described in the February issue of the journal Industrial & Engineering Chemistry Research….
 

Tri-Point O&G Production, Processing Equipment and Intellectual Property Bankruptcy Auction June 23rd-25th: News Release

June 10, 2020

GA Global Partners, LLC, Myron Bowling Auctioneers, Capital Recovery Group, LLC, PPL Group, and Terra Point today announced that the firms will conduct a real-time virtual public auction of the oil and gas production and processing equipment of Tri-Point, LLC on June 23, 24 and 25, 2020. Tri-Point is currently undergoing liquidation by order of the U.S. Bankruptcy Court….
 

US Pipeline Incidents Down 35% Despite 10% Jump In Line Miles: Industry News Release

June 8, 2020

U.S. pipeline incidents have fallen more than 35 percent in the last five years, despite a 10 percent increase in miles of new pipelines constructed, according to a recent report by the American Petroleum Institute in collaboration with the Association of Oil Pipelines. During this time, oil and natural gas production was at an all-time high, and the number of barrels of product shipped through the line increased by 35 percent….
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Natural Gas Oversupply Results in Exceptionally Low Prices

By Alex Mills

 

June 4, 2020

Natural gas, the nation’s largest source of electricity, has been in a growth mode during the last 40 years.

“Demand for natural gas has been growing more than any other fuel in absolute terms,” Dr. Scott Tinker, director of the Bureau of Economic Geology at the University of Texas at Austin, said in the May issue of the American Oil and Gas Reporter. “Over the past 40 years, gas use has increased more than 500 percent globally. That is a remarkable growth rate.”

Even though overall demand has increased during the last four decades, current demand is declining because of decreased economic activity created by the global pandemic coronavirus.

Bloomberg reported this week the “global gas market remains extraordinarily oversupplied,” and some analysts expect demand to fall further and storage capacity could reach capacity this summer.

The Energy Information Administration reports natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export, called “LNG feedgas”, declined to 5.6 billion cubic feet per day (Bcf/d) on May 24 and averaged 6.7 Bcf/d from May 1-26, according to data by IHS Markit….