June 18, 2022 — Since the onset of the global pandemic, the US has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the …
By Alex Mills Just 18 months ago Joe Biden took the oath of office as President of the United States of America and began releasing the full power of the federal bureaucracy to …
By Alex Mills Crude oil and natural gas prices remain strong as market conditions indicate supply will be unable to meet rising demand. Brent crude oil increased to $120 per barrel this week …
June 3, 2022 — The Railroad Commission of Texas issued a total of 963 original drilling permits in May 2022 compared to 631 in May 2021. The May 2022 total includes 849 permits …
June 2, 2022 — Texas Pacific Land Corporation (TPLC) said on Wednesday it has a new agreement with a Houston carbon sequestration company to study the geological and geophysical characteristics of about 21,000 …
June 1, 2022 — The Texas Comptroller‘s office says incoming oil production taxes in May were up 64% when compared to May of last year, at $595 million. And natural gas, at $413 …
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By Alex Mills The price of petroleum products hit near record levels this week as demand remains strong and supplies struggle to keep pace. The Energy Information Administration (EIA) reports the U.S. average …
May 23, 2022 — With the U.S. Department of Energy set to announce plans for $8 billion in funding for clean hydrogen hubs across the country, a new report finds that Houston, long …
May 22, 2022 — Recently, we released results from an experiment in which we investigated how Republicans and Democrats respond to the terms “natural gas,” “natural methane gas,” “methane,” and “methane gas.” We found that …
May 20, 2022 — Dallas all-around energy investor Principal Solar Inc. is touting it’s new definitive R&D agreement with Triad Pro Innovators Inc. in which the two are planning joint research focusing on …
May 17, 2022 — It might seem paradoxical, but producing oil and gas from shale reservoirs could actually help the world transition to cleaner energy sources. One of the keys to a successful …
May 16, 2022 — What follows is a press release from the Electric Reliability Council of Texas (ERCOT): The ERCOT region is expected to have sufficient installed generating capacity to serve peak demands …
By Alex Mills The price of gasoline reached record highs this week, and some politicians, including the President of the United States, began pointing fingers at U.S. oil producers. But what these critics …
AEP First-quarter 2022 GAAP earnings of $1.41 per share and $1.22 per share operating Company reaffirms 2022 operating earnings (non-GAAP) guidance range of $4.87 to $5.07 and 6% to 7% long-term growth rate …
May 5, 2022 — In response to higher crude oil prices, financial results for 42 U.S. exploration and production (E&P) companies showed large increases in both cash from operations and capital expenditures in the fourth quarter of 2021, The US Energy Information Administration said Thursday….
By Alex Mills $100 crude oil has resulted in a sharp reversal of finances throughout the oil and natural gas industry. International integrated companies – such as Exxon Mobil Corp. and Chevron – …
May 3, 2022 — Oil and gas production tax income to the State of Texas is still showing major upticks following down years in 2020 and 2021, with April 2022 oil production tax …
May 3, 2022 — ERCOT says it’s concerned about hotter-than-normal conditions this Friday through Monday, so it’s telling power plants to cancel planned maintenance to be certain that there’s enough electricity to go around this weekend.
No blackouts are expected, and the…
May 3, 2022 — Houston’s Converge Midsteam says it’s filed a lawsuit against Tulsa-based Magellan Midstream Partners and subsidiary Magellan Crude Oil Pipeline Company, L.P., claiming anti-competitive practices that should have been eliminated with the settlement of a 2017 complaint to the Railroad Commission of Texas (RRC).
The suit asks for damages that could run to the hundreds of millions and was filed in a Harris County court May 3rd, claiming that Magellan “systematically” shut out or impeded Converge’s operations as well as those of other potential competitors in a manipulation of markets, a breach of Texas law requiring companies with common carrier status, such as Magellan, to work for the public good.
A statement from Magellan is expected soon regarding the lawsuit.
The RRC complaint …