By Alex Mills Worldwide oil production has declined an estimated 10 million barrels per day (b/d) – 2 million b/d in the U.S. – since January in response to the rapid decline …
“The current price regime, near $40/barrel for West Texas Intermediate, will keep a floor under drilling activity, but will not motivate a rapid rebound from the current depressed environment. “The drilling rig count for Texas was …
October 1, 2020 — Holly Energy Partners LP of Dallas has called an open season for subsidiary Frontier Aspen LLC on a crude oil pipeline expansion. The interstate transportation service of expansion capacity …
October 1, 2020 — Oklahoma City’s Devon Energy Crop., in the middle of an offer oif $2.6 billion to buy smaller rival WPX Energy, says it’s finished the sale of Barnett Shale assets. …
October 1, 2020 — A subsidiary of Houston’s Third Coast Midstream LLC has completed the sale of its Cushing OK crude oil storage business. The seller is AMID Crude Oil Storage, with terms …
October 1, 2020 –Houston-based portfolio company Black Bear Transmission LLC says it’s completed the sale of subsidiary Ozark Gas Gathering LLC. Name of the buyer and terms have not been disclosed. Ozark owns …
September 30, 2020 — American Electric Power is joining other companies with plans to replace all its vehicles with EVs. AEP said this week it has set a goal of replacing all 2,300 …
September 30, 2020 — Callon Petroleum says it’s reduced flaring and is taking other steps in a commitment to environmental responsibility, including the release of the company’s first sustainability report. The report outlines …
September 30, 2020 — Dallas oil driller Primexx Energy Partners‘ new CEO joins the company from a Pennsylvania oil and gas company. Canonsburg, PA-based Olympus Energy‘s M. Chris Doyle has been CEO since …
September 30, 2020 — The comment period for a revision in the TCEQ‘s penalty policy is underway. The comment period ends October 30th, after which the comments received will be presented to the …
By Alex Mills Even though some economic indicators in the oil and natural gas industry were flat this week, the chief executives of many companies are pessimistic about the last half of 2020. …
September 29, 2020 — The South Texas Energy and Economic Roundtable (STEER) today extended the deadline for nominations to October 1, 2020 for its annual Eagle Ford Excellence Awards, which honor the companies, …
September 29, 2020 — Former Railroad Commission of Texas commissioners Michael Williams and Victor G. Carrillo are joining the Jim Wright for Texas campaign as chairmen. The two join San Angelo Mayor Brenda …
September 29, 2020 — Britain’s Octopus Energy is moving into US markets with a new purchase of Houston’s Evolve Energy. The $5 million acquisition was announced on Tuesday, with Octopus calling the purchase …
September 29, 2020 –About 60 people were laid off midday Tuesday at Marathon Petroleum‘s Galveston Bay operations, according to sources. Another 60 people were let go at the company’s Los Angeles refinery. The …
September 29, 2020 — The membership of the Texas Independent Producers & Royalty Owners Association (TIPRO) last week approved Brent Hopkins as the organization’s new chairman of the TIPRO Board of Directors, effective …
September 28, 2020 — Despite the closure of the Petra Nova carbon capture facility near Houston, a similar project in New Mexico is still a go. Enchant Energy and local supporters of retrofitting …
September 28, 2020 – Crude oil and natural gas production as reported to the Railroad Commission of Texas (RRC) for July 2020 came from 169,713 oil wells and 84,052 gas wells. The RRC …
September 24, 2020 — The Railroad Commission of Texas assessed $842,343 in fines involving 159 enforcement dockets against operators and businesses at the Commissioners’ Conference on Sept. 22. The Commission has primary oversight …
September 23, 2020 — Entergy has selected Mitsubishi Power to help bring decarbonization projects to Texas and other states. A big part of the partnership will be in developing hydrogen-fueled technologies. Hydrogen does …