June 1, 2020

Former Quantum Energy Partners manager and TIPRO member David Bole has died….
 

May 30, 2020

The US electric power sector has surpassed the Obama Administration’s Clean Power Plan emissions reduction targets 11 years ahead of schedule, according to a new report by the Carbon Tax Center…..
 

May 30, 2020

Exxon Mobil Corp has restarted the large crude distillation unit at its 369,024 barrel-per-day Beaumont refinery….
 

May 27, 2020

The president and CEO of Texas Capital Bank NA has stepped down and a temporary successor, who has experience in oil and gas, has been named…..
 

May 27, 2020

Texas Oil & Gas Association (TXOGA) President Todd Staples recently joined Texas Land Commissioner George P. Bush at Lamar University in Beaumont to discuss how oil and natural gas in Texas are fueling education.

“The Texas General Land Office has long played a key role in funding education across Texas, with the oil and natural gas industry being a strong partner of this mission,” said Bush. “The dollars that this industry pumps into education in Texas are helping provide the learning opportunities that are vital to our state’s efforts to better prepare the next generation of innovators and leaders.”….
 

May 27, 2020

A new environmental report places San Antonio in 5th place nationally — and first in Texas — in solar energy capacity….
 

By Alex Mills

May 27, 2020

Crude oil prices have firmed up from its crash one month ago, but the industry’s reduction in capital expenditures and decline in future drilling will negatively impact its ability to replace current production in the future.

The Federal Reserve Bank of Dallas issued a report this week stating: “We expect at least a 35 percent drop in such investment (U.S. oil and gas producers) between the first and second quarters of 2020 in real (inflation-adjusted) terms, which will reduce nonresidential business fixed investment by 6 percentage points alone.”

A big portion of the capital expenditures (capex) by industry includes drilling and completion costs. The U.S. drilling rig count declined this week to historic low of 339 compared to 985 last year, which is a decline of 688 active drilling rigs (70 percent), according to the Baker Hughes Rig Count. In Texas, the rig count declined 332 from 482 a year ago to 150 currently (69 percent)…..
 

May 27, 2020

Electricity use in the ERCOT was down between three and four percent last week, when compared to the agency’s expected use….
 

May 26, 2020

A group of independent energy brokers and consultants say they’re launching an education effort that will help “fully implement” requirements mandated last year by the Texas Legislature….
 

May 26, 2020

Baylor Scott & White Health announced today a $100,000 donation from Reliant in support of its MyBSWHealth mobile app. Launched in 2018, the MyBSWHealth app has emerged as a leading digital tool in Texas in the fight against COVID-19, providing nearly 175,000 digital screenings and more than 45,000 eVisits related to the virus. This process has allowed tens of thousands of Texans with mild symptoms to be evaluated outside of Baylor Scott & White clinics and emergency departments—further ensuring that hospitals are ready for those who need care most during this time….
 

May 25, 2020

The synergy of a more efficient grid and the costs of new infrastructure are actually resulting in Xcel Energy electricity bills that are lower now than they were in 2017, the company said on Friday…..
 

May 24, 2020

Houston’s Noble Energy says production stopped last week at Israel’s offshore Leviathan natural gas field after an “operational event,” just as an Israeli government agency was opening proceedings against Noble, claiming the company violated terms of its emissions permit….
 

May 23, 2020

A puncture in a South Texas water line made by a natural gas pipeline crew appears to be minor…..
 

May 24, 2020

In search of an affordable post-market use for used electric vehicle batteries, researchers at Massachusetts Institute of Technology (MIT) have found what they say is a model for re-purposing at solar power installations.

At MIT’s Photovoltaics Research Laboratory, the researchers looked at a hypotheitical grid-scale solar farm in California, where they studied the economic feasibility of using an array of batteries from electric vehicles that had declined in productivity to about 80% of original capacity, considered of no use in vehicles because they were too weak.

They also looks at the similar costs for building a 2.5-megawatt solar farm alone — and then the cost of building that same solar farm but with an added new lithium battery storage system…..
 

May 23, 2020

Kinder Morgan is restarting two of its three Elba Island liquifaction units that were shut down following a fire this month….
 

May 22, 2020

Crude oil and natural gas production as reported to the Railroad Commission of Texas (RRC) for March 2020 came from 171,775 oil wells and 88,293 gas wells.

The RRC reports that from April 2019 to March 2020, total Texas reported production was 1.5 billion barrels of crude oil and 10.1 trillion cubic feet of total gas.

Crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which is reported separately by the RRC.

For additional oil and gas production statistics, including the ranking of each Texas County by crude oil, total gas and condensate production, visit the RRC’s website by clicking here.

May 21, 2020

May 20, 2020

Houston-based Halliburton is cutting its quarterly dividend by 75%, according to a statement following its annual shareholder’s meeting on Wednesday….
 

May 20, 2020

Former Texas Lieutenant Governor David Dewhurst is said to be doing okay after medical treatment for injuries police say resulted from a fight with his girlfriend at his Houston home…..
 

May 20, 2020

US crude inventories were down by 5 million barrels last week, the second weekly decline in a row according to the Energy Information Administration….