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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.”….
June 16, 2020
Heritage Midland O&G services company Danos has named a new VP of Permian Operations….
June 16, 2020
ERCOT has adjusted its peak load forecast as a hot summer approaches and has done a little financial adjusting, but the future looks bright…..
June 16, 2020
There are still no surprises among which companies might be the next to file for bankruptcy protection…..
June 16, 2020
One of the largest private landowners in Texas is going to Delaware, in a legal sense anyway, and the papers have been filed….
June 16, 2020 Because of tech advances, the three states of Ohio, West Virginia and Pennsylvania together now produce more natural gas than Texas, according to a new report. IHS Markit said by …
RRC also approves San Miguel Electric Cooperative and Reeves County waste reservoir initiatives
June 16, 2020
Environmental leaders including Dallas’ Trammel S. Crow, oil and gas producers and Texas O&G trade associations spoke to the Railroad Commission of Texas on Tuesday with ideas on how to reduce natural gas flaring.
The commission has said it wants to find reforms aimed at reducing flaring during the current downturn in Texas well activity, before oil and gas activities begin a return to normal levels…..
June 15, 2020
As Distributed Generation (DG) and Demand Response (DR) continue to play a larger role in the Electric Reliability Council of Texas, it is becoming increasingly important that the grid operator understand how these resources complement other resources and support grid reliability…..
June 15, 2020
CenterPoint Energy Houston Electric LLC is moving ahead after closing on a registered public offering of $300 million in bonds…..
By Alex Mills
June 11, 2020
Consumption of oil and natural gas in the U.S. will increase during the remainder of this year, according to a new study by the Energy Information Administration (EIA) at the U. S. Department of Energy. Energy usage declined dramatically earlier this year as the nation went into an economic freeze caused by the coronavirus pandemic.
EIA released its Short-Term Energy Outlook on Tuesday forecasting U.S. liquid Fuels consumption will average 15.7 million barrels per day (b/d) during the second quarter (April to June) and 18.4 million b/d in the third quarter (July to September). Consumption averaged about 20 million b/d in 2019.
Natural gas consumption will average 81.9 billion cubic feet per day (Bcf/d) this year, down 3.6% from 2019….