June 11, 2020
The Texas Petro Index had its second-sharpest drop on record in April, according to the Texas Alliance of Energy Producers….
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….
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….
June 8, 2020
Citing unnamed sources, Bloomberg reports Chesapeake Enrgy Corp. is preparing a potential bankruptcy filing that “could hand control of the oil and gas company to its senior lenders.”…
June 8, 2020
BP‘s CEO says the international oil company is laying off about 15% of its global workforce, amounting to the elimination of about 10,000 jobs — with many of the layoffs at BP’s US headquarters in Houston….
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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June 8, 2020
The Texas owner of Omni Hotels is one of two big recent purchasers of Northern Oil & Gas Inc.‘s shares…..
June 8, 2020
Houston-based oil driller Alta Mesa Resources has won approval for its Chapter 11 liquidation plan….
June 8, 2020
A new report lists the capital of Texas tops for per capital solar energy installed….
June 8, 2020
Texas oilman and noted deep well explorer Roland Adam Hook died May 25th in Arizona, his family says….
June 8, 2020
While the US EPA says it considered a proposed plan from the TCEQ, it was unable to adopt the Texas proposal because of time constraints, as the EPA worked to complete an air toxins rule on risk values for the chemical ethylene oxide, which is used in the production of ethylene glycol and other chemicals….
March 7, 2020
Whether ERCOT is entitled to the legal immunity granted to government entities is at the heart of a motion that will be heard by the Texas Supreme Court as part of an appeal by the Panda Power Generation Infrastructure Fund….
June 6, 2020
The persistent cliche among all news media outside the state is that Everything’s Bigger In Texas, but the Tax Foundation says that’s not necessarily true when it comes to comparing the state’s Rainy Day Fund, when measured by percentage of overall budget….
June 6, 2020
Amplify Energy Corp. is back in compliance with listing standards at the New York Stock Exchange….
June 5, 2020
A longtime El Paso Corp. leader is a new board member at Summit Midstream GP LLC….
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….
June 4, 2020
A new study indicates pregnant women may be at risk of low birth weight infants if they live near active oil and gas wells……
June 4, 2020
The Railroad Commission of Texas issued a total of 251 original drilling permits in May 2020 compared to 1,050 in May 2019….
June 4, 2020
An A&M graduate and public policy pro is RRC Commissioner Christi Craddick‘s new public affairs director.
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June 4, 2020
A memorandum of understanding (MOU) between Houston-based Tellurian Inc. and Petronet LNG Limited for the purchase of LNG and an equity stake in Driftwood Holdings has expired without closing….