June 23, 2020
Records indicate a PAC supporting a Green Party candidate in Montana’s competitive US Senate contest is backed by a Houston-based group linked to an activist West Texas oilman……
“Shale operators need to cut costs tremendously because of low global prices of crude oil,” and a new spreadsheet analysis procedure can do that.
June 23, 2020
Rather than using complicated reservoir simulations, researchers at Texas A&M University say they’ve come up with a much simpler method to predict the amount of oil and gas that can be recovered from newly-drilled wells, saving time, hassle and money….
June 22, 2020
Construction is getting underway on Odessa property for a new office building to house a Permian Basin office for TEAM Inc.‘s pipeline services division….
June 22, 2020
The largest solar module manufacturer in the US has a new agreement to provide solar-generated electricity to the largest petrochemical site in the western hemisphere….
June 23, 2020
Dedicating the money to communities, Irving-based Vistra Energy said on Monday it’s committing $10 million over the next five years to the advancement of minorities…..
June 22, 2020
ExxonMobil Qatar has appointed Dominic Genetti as president and GM effective July 1, 2020….
June 23, 2020
The US Department of Agriculture is releasing $1.6 billion in loans to utilities and electric cooperatives for use in infrastructure, including more than $40 million in Texas…..
June 19, 2020
Valero‘s top lawyer is moving up to CFO…..
June 19, 2020
O&G permits issued in the Midland region were down by about 30% in April, according to the Railroad Commission of Texas.…
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Emily Pataki re-elected
June 19, 2020
Results of the 2020 PEC Board of Directors election are in.
PEC members in districts 2, 3, and 4 reelected Emily Pataki, and elected Mark Ekrut and Travis Cox to serve on the cooperative’s board of directors…..
June 18, 2020
A settlement is being worked out in Maine between state regulators and a subsidiary of Houston’s Spark Energy….
June 18, 2020
Houston-based CenterPoint subsidiary Vectren Corp. has plans to shut down its remaining coal-fired plants as part of a transition to renewable energy, with gas-fired generation as a backup…..
June 18, 2020
Enterprise Products Partners says it expects to export more ethylene from its Morgan’s Point terminal than expected….
June 18, 2020
International traders such as Houston’s Trafigura Trading LLC will benefit from India’s first gas trading exchange, which the Indian government says is now open for business…..
June 18, 2020
Texas Attorney General Ken Paxton is part of a friend-of-the-court brief to help restart energy infrastructure construction…..
 
June 18, 2020
Houston’s Hilcorp is scooping up some state land in Alaska in the state’s first-ever online oil and gas lease auction….
By Alex Mills
June 18, 2020
Just about everybody knows that crude oil produced in the U.S. from extremely tight formations, called shale, is just about the most expensive worldwide today because of the high technology and deep horizontal drilling.
It also is a very known fact that crude oil produced in other parts of the world, like Saudi Arabia, are the low-cost producers because their crude oil comes from very porous rocks in much greater quantity.
Some have alleged that the low-cost producing countries have tried to run out the high-cost producers in recent months by ramping up production during an already oversupplied economy to drive down prices and bankrupt the high-cost producers.
The geology and economic ramifications are complicated pitting country against country and government-owned oil companies against privately owned companies in the U.S.
The Energy Information Administration (EIA) at the U.S. Department of Energy recently shed some light on the complicated issues by releasing a study regarding the breakeven crude prices of various countries…..
June 16, 2020
The Railroad Commission of Texas (RRC) is seeking public comment to proposed revisions to the LPG Form 1, Application for LPG License or License Renewal, and the proposed new LPG Form 1M, Application for LPG Container Manufacturer Registration….
June 17, 2020
Over the years, resilience and innovation have helped the energy industry in Texas emerge from disruptive market cycles with renewed strength. D CEO’s third annual Oil & Gas Awards will honor leaders who continue to make notable contributions, even in turbulent times.
The awards are presented in partnership with research institutes and professional associations across the region. “The energy industry is particularly emblematic of the can-do spirit that has made Dallas-Fort Worth one of the powerful economic engines in the country,” said Christine Perez, editor of D CEO Magazine. “We’re proud to continue to tell its story, in collaboration with our esteemed partner organizations.”
Willie Hornberger, partner at Jackson Walker, helped spearhead the program for D CEO. “Grit has defined us as a state, and grit has defined the oil and gas industry,” Hornberger said. “These awards give us the chance to recognize the resilience that will get us through this and make us stronger on the other side.”
From the start, a focus for the program has been highlighting the region’s strength in energy deal-making and technology. “In uncertain times, innovations in finance and technology have an even greater impact on the oil and gas industry across Texas,” said Bruce Bullock, director of the Maguire Energy Institute at Southern Methodist University. “These awards are one way to recognize the innovation, and the innovators, that are helping this region as we move forward.”….