.The Texas Energy Report

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.The Texas Energy Report

Texas RRC commissioners assess more than $300,000 in penalties: RRC

October 6, 2019

The Railroad Commission of Texas assessed $319,693 in fines involving 175 enforcement dockets against operators and businesses at the Commissioners’ conference this week. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.

Seven dockets involved $53,767 in penalties after operators failed to appear at Commission enforcement proceedings. Details on these Master Default Orders can be found on the RRC website…..
 

Railroad Commission Alternative Fuels Sets Licensing Record in FY 2019 – Issues More than 7,300 Licenses: RRC

October 6, 2019

AUSTIN – The Railroad Commission’s Alternative Fuels Licensing section set a record in Fiscal Year 2019 (Sept. 1, 2018 – Aug. 31, 2019) by issuing more than 7,300 licenses. Additionally, the Commission also set a record by registering almost 5,600 trucks to distribute liquefied petroleum gas (propane), compressed natural gas (CNG) and liquified natural gas (LNG) in FY 19.

RRC’s Alternative Fuels section protects public safety by overseeing operators’ compliance with Commission rules on propane, CNG and LNG. Companies installing, transporting, dispensing and selling alternative fuels must be licensed with the Commission. Individuals performing activities with alternative fuels must be certified by the Commission and all alternative fuel installations must be installed in accordance with the Commission rules…..
 

Rick Perry Influenced Trump On Ukraine Matter: Anonymous Sources Tell News Outlets

October 5, 2019

Two news media outlets — both claiming anonymous sources — say on Saturday that President Donald Trump has said that he made a phone call to Ukraine’s president at the urging of Energy Secretary Rick Perry, with one outlet saying it was a “call Trump claimed he didn’t even want to make,” as part of Perry’s hope that Ukraine will alter the way it manages its oil and gas interests..”….
 

Pedernales Electric Co-Op CEO Honored as Best By Austin Publication

October 4, 2019

The CEO of Central Texas’ Pedernales Electric Cooperative, the largest distribution cooperative in the US, has been named one of “Austin’s Best CEOs” by Austin Business Journal among non-profits.

Since taking the post in late 2017, Julie Parsley has fostered collaboration among the executive team, the publication wrote in an October 3rd article, and “hired an executive vice president role to oversee public affairs, communications, community engagement and legislative affairs” to increase transparency.

Ms. Parsley has an extensive legal background and was the first female solicitor general of Texas (going before the US Supreme Court and the Texas Supreme Court) and has been a member of the charitable Texas Bar Foundation for 20 years, while maintaining a commitment to public service, including volunteering for the Central Texas Food Bank and other charities….
 

U.S. Crude Oil Exports Set Record

By Alex Mills

 

October 3, 2019

Even though crude oil prices have been soft recently, crude oil production and exports from the U.S. continue to grow.

Crude oil on the New York Mercantile Exchange closed at $52.64 Wednesday another daily decline – the seventh consecutive – and down about $8 from several weeks ago following the bombing of an oil facility in Saudi Arabia.

The decline in price can be attributed to an anticipated slow down in economic growth signaled by recent data regarding manufacturing, which has triggered a decline of almost 1,000 points on the DOW industrial average last week. The trade tension between U.S and China has added to the negative views of the economy.

Add in increased crude oil production around the world, and you have a recipe for softer oil prices.

U.S. oil production continues to increase finding new markets around the world.

The Energy Information Administration (EIA) reports exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. Also in the first half of 2019, U.S. crude oil exports set a new record-high monthly average of 3.2 million b/d in June.

The number of U.S. crude oil export destinations also continued to grow, and now exceeds the number of U.S. crude oil import sources, EIA said.

Asia was the largest regional destination for U.S. crude oil exports—1.3 million b/d in the first half of 2019—followed by destinations in Western Europe, which received 824,000 b/d. U.S. crude oil exports to North America, which almost exclusively go to Canada (the largest single destination for U.S. crude oil exports globally) did not change much from the first half of 2018 to the first half of 2019, averaging 458,000 b/d…..