Dallas’ EXCO Resources Headed Out of Bankruptcy
June 24, 2019
EXCO Resources Inc. expects to be out of bankruptcy within a matter of weeks….
June 24, 2019
EXCO Resources Inc. expects to be out of bankruptcy within a matter of weeks….
June 24, 2019
The year 1995 was before the flood of energy representation in Houston, when the corporate legal community was “tight-knit and insular.”…
June 24, 2019
It’s something of a breakthrough for Texas oil: The American Petroleum Institute says state production has passed 5 million barrels per day, and Permian growth looks steady while US oil markets appear balanced despite slowing global economies….
June 24, 2019
The vocal, mercurial state representative from Ft. Worth-area District 92 says he won’t run for reelection….
June 24, 2019
The Ground Water Protection Council (GWPC) released today a report that examines current regulations, practices, and research needed to expand the use of produced water, a byproduct of oil and gas production, as a resource….
By Alex Mills
June 24, 2019
Not very long ago, the U.S. imported vast amounts of oil from all over the world. Most of it came from countries that were member of the Organization of Petroleum Exporting Countries and some were not very friendly to the U.S.
Just 10 years ago, the U.S. imported 14 million barrels of oil per day, and produced only 5 million b/d, according to the Energy Information Administration at the Department of Energy.
In March 2019, the U.S. oil imports dropped to 9 million b/d and production rose to 12 million b/d.
This remarkable turnaround has strengthened the nation’s economic position around the world and reduced significantly our vulnerability to countries that might threaten to use the “oil weapon” against the U.S. as used previously.
How did this happen?
Some believe good old American ingenuity was a key factor. Some also attribute it to private enterprise driven by a capitalist system, which often rewards the successes of risk takers….
June 23, 2019
Axios says a leaker has provided the website with a series of documents used in vetting candidates for important Trump administration jobs, including Rick Perry, claiming the former Texas governor described “Trumpism” in a most negative way….
June 22, 2019
Baker Hughes GE‘s list of active commercial US drilling rigs dropped in number by two to a total of 967 last week, according to weekly data released Friday….
June 23, 2019
Oklahoma-based Chisholm Oil and Gas and Texas-based Gastar Exploration have signed a definitive agreement for their merger….
June 21, 2019
Brazos Midstream has new processing and gathering agreements with Shell Exploration and Production for a system in the Permian Basin….
June 21, 2019
As you may have seen, there’s a new poll out from Frank Luntz and the Climate Leadership Council that purports to show widespread GOP support for a carbon tax. Here’s what The Hill reported:
“Prominent GOP pollster Frank Luntz is warning Republican lawmakers that the public’s views on climate change are shifting and that ignoring the issue could cost them important votes at the ballot box.
In a memo circulated to Republican congressional offices on Wednesday, Luntz Global Partners warned that 58 percent of Americans, as well as 58 percent of GOP voters under the age of 40, are more concerned about climate change than they were just one year ago…Luntz Global conducted the online poll of 1,000 voters on behalf of the Climate Leadership Council, which is promoting its own carbon tax and dividend plan. The survey found that GOP voters supported the plan by a 2-1 margin.”
We’ve got some serious doubts.
For starters, check out the wording here:
“Business and environmental leaders are proposing a bipartisan climate solution that charges fossil fuel companies for their carbon emissions and gives all the money directly to the American people through a quarterly check. This new climate solution is called ‘Carbon Dividends’, because all households would receive a quarterly cash payment as part of an effort to solve climate change. Would you support or oppose this plan?”
In layman’s terms, they’re asking: “Would you like fossil fuel companies to send you a big wad of cash?”
For more, read the full response here from AEA President Tom Pyle.
June 21, 2019
Houston unconventional-source independent Callon Petroleum Co. says it’s closed on a deal to divest of non-core Permian Basin oil and gas reserves….
June 21, 2019
International low-carbon investment specialists Quinbrook Infrastructure Partners, which lists a Houston address but is headquartered in London, are expecting their latest development to be ready for the Texas electricity market by this August….
June 21, 2019
If you ask the Walton Family Foundation, the most dynamic city in the US is Midland, Texas’ own boomtown, a dynamism shared with Austin, making both more exciting than San Francisco….
June 21, 2019
Entergy Texas appears to be joining in the booming solar power market in the Lone Star state….
June 21, 2019
Edge Gathering Virtual Pipelines 2 LLC is in talks with at least one undisclosed Permian Basin natural gas supplier to haul gas by truck from the basin to the northeastern US….
June 21, 2019
Herndon, VA holding company HC2 Holdings is adding ampCNG, one of the largest US operators of natural gas fuel stations, including several in Texas, to its portfolio….
June 21, 2019
The solar power developer called 174 Global Corp. says building in underway on a $200 million facility in Ector County….
June 21, 2019
Midland resident J. Michael Party is the new president of the American Association of Petroleum Geologists as of July 1st….
June 21, 2019
An early morning explosion and fire at a Philadelphia refinery, reputed to be one of the oldest and largest in the Eastern US, lit the night sky and was reported to have been felt as far away as New Jersey….