July 29, 2019
BCE Mach II LLC says it’s purchased from an unnamed seller some producing properties in Hemphill and Roberts counties, Texas, along with properties in Beckham, Custer, Dewey, Roger Mills and Washita counties, Oklahoma….
July 29, 2019
With the possibility of another tropical storm moving toward Florida and perhaps the Gulf of Mexico, work continues on Texas A&M University’s offshore system of buoys aimed at helping predict the paths and intensities of future hurricanes and related storms….
July 29, 2019
Nearly $10 million in funding will go to the University of Texas at Austin for testing of technology to improve fracking oil recovery….
July 28, 2019
ONEOK is putting its money on the growth of natural gas in North Dakota to the tune of $400 million, and plans to add to its LPG pipeline in the Permian Basin…..
July 27, 2019
Permit applications approved by the Texas Railroad Commission for July 18 through July 24 for Districts 7C, 8 and 8A. Numbers in parentheses indicate the number of permits approved for that leasehold.
>> Anadarko E&P Onshore, LLC, Bullhead 55-1-22 Unit B, Loving, new drill; Heron 54-2-4 Unit, Loving, new drill (2).
>> Apache Corporation, University 2404 East B, Reagan, new drill; University 2404 East C, Reagan, new drill; University 2404 East D, Reagan, new drill.
>> Aqua Terra Permian, LLC, Deets SWD, Midland, new drill; Dishwater SWD, Midland, new drill.
>> Atoka Operating Permian, LLC, Reed Ranch, Sterling, new drill….
July 26, 2019
An Oklahoma electric co-operative that distributes power into Texas has a new power purchase agreement with NextEra Energy Resources….
July 26, 2019
An electric transportation and sustainability website says polls have consistently shown American support for the Green New Deal and a new poll indicates that support continues….
By Alex Mills
Crude oil, gasoline and natural gas prices have been flat throughout the summer.
Crude oil prices during June and July peaked on July 12 at $60.21 per barrel on the New York Mercantile Exchange and bottomed out on June 6 at $51.14, according to data from the U.S. Energy Information Administration (EIA). Crude oil closed on Wednesday at $56.22.
Gasoline averaged $2.75 per gallon last week throughout the U.S., which was a decrease of $0.029 from the previous week and a decline of $0.081from a year ago. EIA said Texas had the lowest average gasoline prices last week at $2.501, and California had the highest at $3.569 per gallon.
EIA reports there has been an oversupply of crude oil and petroleum products, which has contributed to the soft prices.
“The US driving season has peaked but the global gasoline market remains tight,” according to a report from Bank of America….
July 25, 2019
Targa Resources says its current will become its new CEO.
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July 24, 2019
Medallion Pipeline Company LLC is looking for binding, long-term commitments to use capacity leased on the EPIC Crude Pipeline that’s under construction….
July 23, 2019
ExxonMobil has started production on a new high-performance polyethylene line at its Beaumont, Texas plant…..
July 24, 2019
US crude inventories were down by 10.8 million barrels for the week ended July 19, according to data from Energy Information Administration on Wednesday….
July 24, 2019
The New York Stock Exchange has notified Houston E&P Halcon Resources Inc. that it’s been delisted….
July 23, 2019
District 72 state Rep. Drew Darby has announced his re-election campaign….
July 23, 2019 Torchlight Energy Resources says it has acquired more of a working interest in Orogrande Basin project leases from Arlington-based Founders Oil & Gas. Plano-based Torchlight, which trades on the NASDAQ, …
July 23, 2019
With Mexico’s state-owned oil company’s debt reduced to junk status by Fitch and Moody’s putting Pemex on negative rating watch, a plan by the state to revive the failing O&G producer probably won’t be enough to help — there could be a resulting debt sell-off, and rescue of the oil company during a crisis could even jeopardize Mexico’s sovereign debt status, reports a new article from The Economist‘s Intelligence Unit….
July 23, 2019
Presidio Investment Holdings has completed its buy of oil and gas properties from Apache….
July 23, 2019 A legal petition has been filed with the US EPA demanding the adoption of strict water pollution limits against industrial plants that produce plastic product, with some supporters citing the …
July 23, 2019
Steel Dynamics Inc. has decided on the city of Sinton, about 30 miles northwest of the Port of Corpus Christi, as the site of its planned state-of-the-art flat roll steel mill….
July 23, 2019
“Limestone County is really happening right now.”…