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Natural Gas Prices Plunge as Inventories Rise

By Alex Mills

The decline in natural gas prices surprised industry officials this week – dropping more than 30% – as news surfaced about the oversupply of natural gas becoming more severe.

Natural gas traded at Henry Hub on the New York Mercantile Exchange closed at $2.52 on Feb. 9 and by Feb. 14 the price had dropped to $1.629. One year ago, natural gas traded $3.68 for 30-day deliveries on NYMEX. This is the lowest price in 40 months.

Natural gas demand, which historically has been driven by colder weather in the winter months, declined last week because of mild weather. Natural gas production, which continues to set records, also is a major contributor to the oversupply. The decline in demand and increase in supply has created an increase in inventories, the Energy Information Administration stated in its recent Short-Term Energy Forecast.

“We forecast inventories will end this winter heating season (November–March) at about 1,910 Bcf, which would be 15% more than the five-year average,” EIA stated.

EIA also forecast soft prices, but not below $2.  “We forecast that mild weather for the remainder of first quarter of 2024 will keep the average Henry Hub spot price near $2.40 per million British thermal units (MMBtu) during February and March. But volatility could return if severely cold weather emerges, even for a short period” EIA stated.

EIA forecasts U.S. natural gas production will increase in February and reach 105 Bcf/d by March as the weather-related disruptions subside and will stay close to that level for the rest of the year. EIA expects production will increase in 2025 to average more than 106 Bcf/d, which will set another production record if achieved.

EIA believes natural gas consumption will increase…
 

Renewable Energy Goals Are Unattainable by 2050: Baylor University Study

New study by Baylor researchers finds infrastructure, leadership and understanding in the way of fully sustainable energy sources

By Kayla Garrett

February 13, 2024 — More than 250 U.S. cities have made pledges to transition to 100% renewable energy sources by the year 2050. However, in a new study published in the journal Environmental Research: Infrastructure and Sustainability, Baylor University researchers Kayla P. Garrett, Ph.D., and Ryan A. McManamay, Ph.D., found that, despite efforts, the target date to move to fully sustainable energy sources is unrealistic because of economic barriers, leadership and government breakdowns and a misunderstanding of energy limitations.

“The United Nations Panel on Climate Change emphasizes the need for sustainable energy sources and states that these changes have to happen in the next 20 to 30 years to meet these really critical timelines that we’re looking at for irreconcilable climate change,” said, Garrett, a postdoctoral teaching fellow in environmental science at Baylor. “But when we look at like what is being done and how we’re trying to get it done in those timelines, there’s a misalignment.”

The researchers used an “energyshed framework” to analyze energy consumption on a city level, investigating a subset of 31 out of the 250 cities (including Washington, D.C., Chicago and Los Angeles) to evaluate their existing electricity production and estimate how much further they have to go to meet their goals.

“It is likely most cities will meet 10% of their energy demand with renewable energy, with best case scenarios reaching between 35% and 65% renewable penetration, within the next 20 to 30 years,” the researchers wrote. “This highlights the need for infrastructural development in the energy sector, as well as intentional planning efforts in order to make these energy goals a reality.”

An energyshed is similar in concept to a watershed — an area where energy is produced and can be collected and stored until needed. By looking at the energy needs through the context of an energyshed, researchers were able to determine if moving to fully sustainable energy is possible within the time goals.

“The term energyshed is still relatively new but has gained national attention for the benefit it offers in understanding the urban energy transitions that…
 

New Rice University Report Offers Options to Improve ERCOT Reliability

By Avery Ruxer Franklin

February 9, 2024 — The reliability of electricity service in ERCOT, the Electric Reliability Council of Texas, has come under increased scrutiny since Winter Storm Uri in February 2021. Increasing demand will create issues, but there are several available “insurance” actions that will likely need to be called upon to ensure long-term reliability, according to a new report from Rice University’s Baker Institute for Public Policy.

Currently, ERCOT is like a new, high-performance sports car being driven 100 mph without insurance, said Ken Medlock, senior director of the Baker Institute’s Center for Energy Studies.

“Over the last five years, ERCOT has seen a steady year-on-year increase in calls for conservation as demand growth outstrips dispatchable, or controllable, generation capacity,” Medlock said. “Dispatchable resources such as natural gas, hydro, batteries and geothermal provide generation services that can be called upon to meet minute-by-minute variations in demand. Non-dispatchable resources such as wind and solar are only available when the wind is blowing or the sun is shining, so their variation is not controllable.”

Reliability on an electric grid requires sufficient redundancy and dispatchability to meet peak demands, effectively acting as insurance when load increases or some generation sources are unexpectedly not operational, Medlock said.

Electricity

Electricity and resource reliability in ERCOT have been a top legislative, regulatory and commercial priority for the past few years in Austin. Demand (load) in Texas has grown substantially over the last 20 years and is expected to see continued growth in the future, driven by strong population growth, robust economic expansion and shifts to electrification of various energy services. This includes a significant push toward electrification of oil and gas operations that has manifested in very strong regional load growth in high oil- and gas-producing regions across the state.

Complicating matters is the fact that load is growing in the Texas Triangle — the region between Houston, Dallas-Fort Worth, and Austin-San Antonio — while most new generation capacity has been added in West and South Texas. This mismatch between load and generation is stressing transmission capacity across the state, Medlock said.

Additionally, projected growth in carbon capture and storage and the “green” hydrogen industry as well as greater adoption of electric vehicles will further increase the demand for electricity in the Texas Triangle, potentially exacerbating an emergent problem.

“Texas has also seen tremendous growth in wind and solar generation capacity over the last 20 years, and it is now No. 1 in the nation in terms of existing wind capacity and No. 1 in terms of planned capacity additions for wind and solar,” according to the report. “Such aggressive growth of intermittent resources, while motivated by environmental goals, will compromise reliability if there is little to no concomitant addition of dispatchable forms of generation. Continued growth in system load, and changes in its geographic distribution, only exacerbates matters.”

The “insurance” options include more aggressive use of demand management programs, investing in storage capacity in load centers or alongside wind and solar generation to support more efficient use of existing transmission capacity, locating future generation capacity closer to major load centers and expanding dispatchable generation capacity. But policy will ultimately influence which options can be profitably exercised, the authors argue.

“Allowing risks to reliability that can be avoided at reasonable cost is unacceptable,” the authors write. “Appropriate market design and sufficient regulatory oversight is critical, which ranges into topics from market structures that ensure sufficient backup capacity to adequate penalties for underperformance by generators under specific obligations.

“In the end, resource adequacy and reliability are in the best interests of all market participants — producers and consumers alike — as (ERCOT) establishes a platform for long-term growth.  Identifying investment opportunities to provide reliability is paramount, and the portfolio of options in ERCOT is substantial.”

Learn more about the data, analysis, and recommendations here.

 

Texas Petroleum Industry Had Unusual Year

By Alex Mills

The petroleum industry in Texas had an unusual year in 2023: it produced more crude oil and natural gas in the state’s history, but declining exploration and production indicators could be sending a different message about the future.

The Texas Petro Index, a monthly measure of growth rates an cycles in the Texas upstream economy, fell for 11 consecutive months in 2023 from 178.3 in December 2022 to 154.4 in December 2023, which is a decline of 13.4%.

“Rising crude oil and natural gas production and still-growing industry employment were unable to offset lower prices, fewer rigs at work, and lower values of statewide production, pushing the TPI downward in 2023 after the January peak,” said Karr Ingham, Petroleum Economist for the Texas Alliance of Energy Producers, and the creator of the TPI analysis.  “But Texas oil and gas producers, with extraordinary efficiency and productivity gains on full display, still managed to grow production significantly, setting new records for statewide output along the way.”

Statewide crude oil production in Texas surpassed two billion barrels for the first time ever in 2023, and reached a record 5.62 million barrels per day in December 2023, Ingham said. Daily production, which peaked pre-COVID at 5.45 million barrels in March 2020, finally reached and exceeded that level fully three years later in March 2023. Texas annual crude oil production in 2023 outpaced the 2022 annual total by a stout 8.5%, and comprised 42.6% of U.S. annual production.

Texas natural gas production exceeded 12 trillion cubic feet (TCF) for the first time at an estimated 12.5 TCF in 2023, an increase of 7.4% over the 2022 annual total, Ingham said.

“Surprisingly, however, these milestones were accomplished with a significant and sustained decline in the statewide rig count and fewer drilling permits issued over the course of the year,” Ingham said.  “The Texas rig count climbed to its post-COVID high of 379 in January 2023, and then fell by 76 rigs to 303 in November, before adding four rigs in December. At year-end…
 

2-16-24

Texas Energy Report NewsClips Friday February 16, 2024 Asterisk (*) denotes news stories that may be inaccessible because portions are behind a paywall   Top Stories   The Hill – February 15, 2024 …

U.S. Natural Gas Consumption Established a New Daily Record in January: EIA

daily natural gas consumption in the U.S. lower 48 states

Data source: S&P Global Commodity Insights

February 6, 2024 — On January 16, 2024, a record high of 141.5 billion cubic feet (Bcf) of natural gas was consumed in the U.S. Lower 48 states (L48), exceeding the previous record set on December 23, 2022, according to estimates from S&P Global Commodity Insights. Well-below-normal temperatures caused by a large mass of arctic air that covered most of the continental United States increased demand of natural gas used for residential and commercial space heating and for electric power generation. Both consumption of natural gas and withdrawals from underground storage increased to record volumes because of the higher demand.

Natural gas consumption in the L48 averaged above 130.0 billion cubic feet per day (Bcf/d) from January 14 through January 21, 2024, as arctic air pushed south into the United States, causing temperatures to fall. Extreme wind chills, freezing rain, and snowy conditions persisted from the Pacific Northwest into Texas and across the Northeast and mid-Atlantic. Residential and commercial natural gas consumption accounted for almost 49% of L48 consumption during that period, up from 42% during the start of January, as homes and commercial buildings used more natural gas for heating. Electricity generation also increased during that time, with natural gas-fired and coal-fired electricity generation increasing to meet increased demand.

Natural gas was also withdrawn from underground…
 

PUCT Closes ‘Phase One’ of Blueprint for Grid Reliability Improvement Projects, Continues Focus on Second Phase of Market Reforms

February 3, 2024 — The Public Utility Commission of Texas (PUC) says it has closed two projects it opened in 2021 aimed at implementing reliability improvements for the Texas electric grid.

“The project closures mark the end of Phase One of the PUC’s blueprint for reliability reforms, which focused on improving the operational reliability of the Electric Reliability Council of Texas (ERCOT) grid through weatherization and back-up fuel programs for generation plants, and other market adjustments,” the PUC said in a statement.

“The ERCOT grid is more reliable than it’s ever been and getting to this point has been a total team effort, working side-by-side with ERCOT, members of industry and using the tools and guidance given us by Governor Greg Abbott and the Texas Legislature,” according to PUC Chairman Thomas Gleeson.

“This doesn’t mean…
 

Oil Industry Analysts Expect Volatility During 2024

By Alex Mills

The oil and gas industry experienced unusual volatility in 2023 as production in the U.S. exceeded all expectations while facing many challenges.

Oil production reached a record high of 13.2 million barrels per day (b/d) in December, which is the most production by any country ever.

Even though oil prices remained fairly constant (beginning the year at $74 per barrel, rising to a high of $93 in September, and dropping again to $71 in December), the industry fought through many negatives.

On the international scene, war and military conflicts in Europe and the Middle East created uncertain situations, inflation in the U.S. and in Europe hampered demand, implementation of more anti-oil programs globally, and lack of capital to invest in future development.

Most U.S. oil companies experienced declines in their stock prices last year.

The two largest…
 

OPEC Expects Oil Demand to Increase

By Alex Mills

The Organization of Petroleum Exporting Countries – better known as OPEC – has become the major source of crude oil exports worldwide. During the pandemic, it took in several additional countries, including Russia and it became known as OPEC+.

The 22 countries of OPEC+ provided 27% of the world’s crude oil with Saudi Arabia and Russia leading the other nations with production totals of roughly 10 million barrels per day (b/d) each.

As time passed and worldwide demand changed, OPEC+ reduced its production quotas in an effort reduce the amount of oil on the market. Saudi Arabia’s currently produces 9 million b/d. Russia’s current production is more difficult to determine because of sanctions placed on it by the U.S. and other countries after Russia invaded Ukraine two years ago, but it is estimated to be about 8 million b/d.

Global inflation and slow economic growth resulted in less demand for oil from these countries in recent years.

At the same time, oil production in the U.S. increased to a high of 13 million b/d by the end of 2023.

An oversupply of oil caused a weakening of price. Brent crude, which is traded on the international market, dropped as did West Texas Intermediate, which is traded on the New York Mercantile Exchange, below $60 per barrel.

OPEC+ has reduced production quotas five times since October 2022 in an effort to stop the decline.

Brent crude oil closed at…
 

US Electricity Customers Averaged Five and One-Half Hours of Power Interruptions in 2022: EIA

average annual total of electric power interruptions

Data source: U.S. Energy Information Administration, Annual Electric Power Industry Report

On average, U.S. electricity customers experienced approximately five and one-half hours of electricity interruptions in 2022, almost two hours less than in 2021, according to our recently released Annual Electric Power Industry Report. The annual decline was driven by fewer major events in 2022 compared with 2021.

Since 2013, the average duration of electricity interruptions each year has remained consistently around two hours after excluding major events. Major events that cause power interruptions include weather, interference from vegetation near power lines, and utility practices. We measure U.S. electric utility reliability using two indexes:

  • The System Average Interruption Duration Index (SAIDI) measures the total duration (in hours) an average customer experiences non-momentary power interruptions in a one-year period.
  • The System Average Interruption Frequency Index (SAIFI) measures the frequency of interruptions in number of occurrences.

average annual total electric power interruptions by U.S. state

Data source: U.S. Energy Information Administration, Annual Electric Power Industry Report

We measure the impact these major events have on electricity reliability by comparing the SAIDI and SAIFI values of the affected states with the U.S. average (5.6 hours of outages and 1.4 outages per customer). In 2022, the United States had 18 weather-related disasters…
 

Mining The Treasures Locked Away In Produced Water: Texas A&M University

January 23, 2024 — In an ironic twist, a treasure trove of critical minerals is dumped out with water considered too polluted and expensive to clean.

Texas A&M University researcher Dr. Hamidreza Samouei is investigating the components of produced water and says this waste byproduct of oil and gas operations contains nearly every element in the periodic table, including those of significant interest to national economies.

His goal is to treat the water using unwanted carbon dioxide (CO2) in stages to recover these valuable elements and ultimately produce fresh water for agricultural use once the processes are complete.

“Recognizing the latent value within produced water can offer tangible solutions to some of the world’s most pressing environmental challenges, from CO2 emissions to the increasing scarcity of certain minerals and water itself,” said Samouei, a research assistant professor in the Harold Vance Department of Petroleum Engineering.

Samouei’s “brine mining” research was featured in a January 2024 article in the Society of Petroleum Engineers’ Journal of Petroleum Technology titled “Liquid Goldmine: unlocking the Critical Mineral Potential of Produced Water using Carbon Dioxide.” He introduced the topic at the Middle East Water Week Conference and Exhibition held December 2023 in Saudi Arabia and will report his most recent discoveries at the Annual Produced Water Society Conference next month in Houston.

Artist's graphic describing the process of separating produced water from oil
Once produced water is separated from oil, the intended process involves a brine mining process to recover critical minerals and other elements before the water is cleaned for specific agriculture operations or for use in fracturing operations to recover more oil.

Why Is Produced Water Thrown Away?

Water accumulates in subsurface areas where geological functions happen, like hydrocarbon reservoirs, and it dissolves and stores vast quantities of minerals and other elements. During oil and gas operations, an average of six 42-gallon barrels of this “produced” water are recovered for every one barrel of oil, and in rare cases, up to a staggering ratio of 500 to 1. It is up to 10 times saltier than seawater and contains about 6,000 times more minerals.

In 2020, the annual global quantity of produced water….
 

New Data Confirms Renewable Energy’s Growing Contribution to the Texas Economy: Conservative Texans for Energy Innovation

January 20, 2024 — Renewable energy and battery energy storage projects continue to generate tens of billions of dollars in tax revenue and landowner payments while contributing significant and essential power generation resources to the electric grid, according to findings showing 2023 overall annual growth released by Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and Texas Association of Business (TAB).

According to updated valuations as of 12/31/23, existing and planned utility-scale wind, solar, and energy storage projects in Texas, over the course of their lifetimes, are estimated to generate $16.7 billion in local tax revenue, a 16% increase from 2022, and are expected to pay local landowners nearly $19.3 billion, a 15% increase from 2022.

“All Texas residents are benefitting tremendously from the phenomenal growth of renewable energy, especially in rural Texas,” said Matt Welch, State Director of Conservative Texans for Energy Innovation.  Data also suggests existing and expected projects are generating significant megawatts of additional power to the grid.  “Our state continues to benefit from an “all of the above” energy strategy and Texas regulators and lawmakers need to stop picking winners and losers in the energy sector if we want a reliable power grid for our future,” Welch added.

The interactive map shows project size, tax, and landowner payment data per legislative and congressional district and can be accessed at www.txrenewables.net.  The above data includes 2023 figures updated from 2022 figures released in a report, “The Economic Impact of Renewable Energy and Energy Storage in Rural Texas,” authored by Dr. Joshua Rhodes, Chief Technology Officer of Idea Smiths LLC and a Research Scientist at The University of Texas at Austin, issued last January.

Texas Electric Grid Passes First Winter Test

By Alex Mills

Apparently the changes to the electric power grid in Texas following the massive winter storm in 2021 have been successful in avoiding any power failure during the recent five-day storm.

The Texas Legislature and Governor Abbott passed legislation mandating the weatherization of natural gas facilities and securing additional natural gas inventories for emergency use, if needed.

The storm reached the Panhandle and North Texas during Friday, Jan. 12, and temperatures plunged below freezing. The sub-freezing temperatures stayed for more than 80 hours in many locations until Wednesday afternoon. In North Texas the low temperature of 7 degrees was a record.

The cold weather put the revisions to the electricity grid to its first major winter test.

The Electric Reliability Council of Texas (ERCOT) had predicted record-breaking demand of 79,000 megawatts (MW) during the storm. Demand peaked on Jan. 16 at 8 a.m. at 78,173 MW, and it came  close to reaching its committed capacity of 85,088 MW.

Natural gas was the major source of energy to generate the electricity providing 58% (44,622 MW) at 8 a.m. Jan. 16 followed by coal at 15% (11,855 MW), wind at 11% (8,491MW), solar 9% (7,185 MW), and nuclear 7% (5,125 MW), according to ERCOT.

ERCOT issued requests to consumers to conserve as much as possible from 6 a.m. to 9 a.m. on Jan. 15 and 16 when demand was at its highest. For example, on Jan. 16 early morning demand was 72,105 MW and peaked at 78,173 MW at 8 a.m. and fell to 71,121 MW by noon. By noon on Jan. 17, temperatures…
 

EIA expects average U.S. gasoline and diesel prices to decrease in 2024 and 2025

monthly U.S. retail fuel prices

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024

In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further decrease prices. We expect similar supply-side factors to lower retail diesel prices in 2024 and 2025, although U.S. diesel consumption will likely exceed 2023 in both 2024 and 2025.

We expect crude oil prices in 2024 to be similar to those in 2023. As a result, our lower gasoline and diesel price outlooks next year reflect narrowing crack spreads, the difference between the wholesale prices of gasoline and diesel compared with crude oil. Crack spreads reflect the price of refining, and a lower crack spread indicates lower refining cost. Our lower forecast crack spread for gasoline is driven by our expectation of increasing availability of supply even as consumption is reduced.

In 2023, additional refinery capacity came online, raising U.S. operable refinery capacity from 18.06 million barrels per day (b/d) in January 2023 to 18.31 million…
 

ERCOT Issues Weather Watch: Press Release

January 10, 2024 — ERCOT has issued a Weather Watch from January 15-17 due to forecasted extreme cold weather across the ERCOT region, higher electrical demand, and the potential for lower reserves. Grid conditions are expected to be normal during an ERCOT Weather Watch.

ERCOT continues to monitor conditions closely and will deploy all available tools to manage the grid, continuing a reliability-first approach to operations. 

In 2023, January peak demand was 65,632 MW, with the current all-time peak demand record of 85,508 MW, set on August 10, 2023.

ERCOT encourages everyone to sign up for grid condition notifications through the Texas Advisory and Notification System (TXANS). Texans can also monitor real-time and extended grid conditions at ercot.com.

What is an ERCOT Weather Watch?
An ERCOT Weather Watch is an advance notification of forecasted significant weather with higher electrical demand and the potential for lower reserves. At this time, grid conditions are expected to be normal, and there is not a current expectation of an energy emergency. Texans should continue to monitor real-time and extended grid conditions at ercot.com.  

What Action is Needed?
No action is needed. You can monitor current and extended grid conditions on ercot.com.

Did You Know?
Reducing electric use during peak demand times can help you save and lower demand on the grid. Energy-saving tips can be found on the TXANS webpage

Stay Updated
Sign up for TXANS notifications on the TXANS webpage. You can also subscribe to ERCOT Emergency Alerts, which are not sent through TXANS notifications, and download the ERCOT Mobile App for additional notifications: iOS | Android.

 

Oil and Gas Overcome Obstacles on Way to Set Records

By Alex Mills

January 6, 2024 — As oil and natural gas production in the U.S. are on pace to set records in 2023, industry analysts are pointing out the industry overcame some large obstacles making the achievement even more noteworthy.

Crude oil production will break the previous record set in 2019 of 12.3 million barrels per day. Oil production has been increasing monthly this year and topped 13.6 million b/d in October and will average about 13.2 for the entire year.

Natural gas also is on pace to set a production record exceeding 41 billion cubic feet per day (bcf/d), which would break the previous record of 39.1 bcf/d set last year.

World Oil magazine Editor-in-Chief Kurt Abraham recently pointed out some of the problems and inconsistencies the industry overcame.

The U.S. drilling rig count, which for many years has been considered a key factor in determining industry activity, declined in 2023. “…(T)he U.S. rig count has…
 

Texans Lead the Way in Energy Production

By Alex Mills

January 1, 2024 — Texans are blessed. It’s true.

The Good Lord has blessed us in many ways, especially with an abundance of natural resources. The same could be said about the United States, and the people who develop these resources into energy products that we consume around the clock every single day.

I have had the good fortune of writing this column since 2006, and working for energy associations in Texas and Washington, D.C. since 1980. I am constantly amazed at the drive and ingenuity of the wildcatters who explore and produce crude oil and natural gas, the pipeliners who transport the products, the refiners who make the petroleum products, and the retailers who sell to the public.

It’s not easy. It’s complicated from beginning to end with potholes and roadblocks at every turn.

During this year I wrote columns about production increasing in Texas and across the U.S., prices rising and falling and rising again, efforts by the President of the U.S.A. to put the oil and gas industry out of business, OPEC attempts to manipulate oil production and price, an international conference on climate change concludes proclaiming its desire to “transition” …
 

Prices Drop, Companies Merge, UN Seeks End of Fossil Fuels

By Alex Mills

Last week had many big stories. Below is a summary of some.

Petroleum prices decline. Record oil and natural gas production in Texas and across the U.S. have created an oversupply causing prices to drop. West Texas Intermediate (WTI) crude oil prices traded on the New York Mercantile Exchange slipped below $70 on Wednesday and natural gas prices dropped to $2.55 per British thermal unit (Btu). The decline in prices in the oil patch is being felt by consumers as retail prices for gasoline went as low as $2.45 a gallon in many locations across Texas.

The Energy Information Administration (EIA) at the Department of Energy predicts Brent crude oil, which is traded on the international market in London, will drop from its previous forecast of $93 per barrel to average $83 in 2024. EIA forecasts natural gas will average $2.80 per Btu from November to March (the major consumption period) because of the high production rate and warmer weather.

EIA believes crude oil and natural gas production will set records in 2023 and again in 2024.

Capital expenditures expected to increase. U.S. oil producers will increase capital spending by 2% in 2024, according to…
 

Majority of Texans Disapprove of the Legislature’s Handling of the ERCOT Grid: UT Poll

Younger people 18-29 expressed much more confidence in the lege’s work than older folks

December 19, 2023 — Texans responding to a UT poll disapprove overall of the job the state legislature did in ensuring the reliability of the ERCOT grid (among other issues), but the results unsurprisingly vary along ideological and partisan lines.

The Texas Politics Project at the University of Texas at Austin poll released Tuesday indicates that 44% of Texans “disapprove somewhat” or “disapprove strongly” of how the legislature handled grid issues this year, versus only 28% who approve either somewhat or strongly. Surprisingly, a full 20% neither approve nor disapprove, with 8% saying they “don’t know,” indicating more than one quarter of respondents to the poll didn’t register even a mild opinion.

However, in a “religiosity” subset of the poll, those to whom the legislature’s moves were “extremely important” registered a 38% approval as opposed to a 29% disapproval, while those identifying the issue as “not important at all” were overwhelmingly disapproving (71% disapproved while only 8% approved).

Along party lines, 39% of self-identifying Republicans
 

Cyber Enviro-Tech Inc Provides Potential Solution for Seismic Activity in the Permian Basin: Press Release

December 17, 2023 — Cyber Enviro-Tech, Inc has developed a water remediation system that could help reduce the increased seismic activity in the Permian Basin by treating and repurposing oil production wastewater.  The current practice of deep underground injection of corrosive, high-sodium wastewater from oil production has not only exponentially increased fluid pressure, but also created salty contaminants, trapped gases and bacteria. All of these triggered earthquakes by decreasing the tight fit or clamping between rocks along natural faults through corrosion and extreme pressure. The Railroad Commission of Texas (RRC) has suspended more than 30 wastewater disposal sites aka SWDs (Salt Water Disposal wells) north of Odessa to Midland due to this surge in seismic activity.

Cyber Enviro-Tech’s solution is simple – remediate the wastewater instead of injecting it deep underground so it can be repurposed back into the communities. CETI uses its Sludge Master Series of products which employ a variety of cutting-edge, multidisciplined technologies to efficiently convert wastewater into environmentally friendly water that can be used for irrigation and, with further remediation, drinking water. Their Sludge Master Series wastewater remediation systems are portable, eliminating the need for expensive infrastructure and allowing for easy deployment.

The size of this problem is considerable.  In 2021, Rystad Energy reported a 400% increase in wastewater injections in Texas from 54 billion gallons in 2011 to 217 billion gallons in 2021. During this period, the US Geological Survey and the University of Texas reported that earthquakes in the Permian Basin were partially caused by the practice of disposing high-pressure saltwater…