.The Texas Energy Report

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.The Texas Energy Report

Dub Taylor Joins Advisory Board of Conservative Texans for Energy Innovation

Former Head of Texas Energy Conservation Office Brings Decades of Clean Energy Expertise\

 

April 6, 2020

Conservative Texans for Energy Innovation (CTEI) announced today that Dub Taylor has joined the organization’s Advisory Board. For more than 25 years, Dub Taylor has helped advance cost-effective, clean energy technology and policy through his work in the public sector. First, with the Texas Railroad Commission’s Alternative Fuels Research and Education Division, then leading the Texas State Energy Conservation Office under three State Comptrollers.

Matt Welch, State Director of CTEI, said, “we are incredibly fortunate and very appreciative that Dub is joining our organization. His institutional knowledge of energy policy in Texas is a tremendous resource and will be invaluable in the future.”

At the national level, Taylor served on and twice chaired the U.S. Department of Energy’s State Energy Advisory Board (STEAB). Originally appointed Chair by President George W. Bush’s Energy Secretary Samuel Bodman, he was again appointed to this role by former Energy Secretary and Texas Governor Rick Perry…..
 

No Easy Solutions to Petroleum Issues

By Alex Mills

 

April 3, 2020

The economic chaos facing the oil and natural gas industry in the United States is real and it is coming fast like a runaway locomotive blasting everything in its path.

Crude oil prices on the New York Mercantile Exchange have declined from $63 per barrel in January to $20 this week, but the spot price at Cushing, OK., a major trading terminal, closed even lower at $14.10. The posted price for South Texas was $10.50, and Louisiana Light closed at $5.85. Brent crude oil, the international benchmark, closed at $19.07.

If these prices hold for an extended period of time, many companies will not be around to see 2021.

The Federal Reserve Bank in Dallas surveyed oil company executives and “more than 80 percent reported a deteriorating outlook for their firms, while a similar share noted increase uncertainty about the future.”

The survey released last week revealed 60 percent of all firms reported lowering capital expenditures this quarter relative to the fourth quarter of 2019…..
 

Consumer Energy Advocate “Applauds” Federal Court Decision For Bayou Bridge Pipeline

March 30, 2020

The US District Court for the Middle District of Louisiana has sided with Dallas’ Energy Transfer Partners LP and the federal government is ruling that potential environmental impacts of the Bayou Bridge pipeline in Louisiana were adequately studied, and a consumer energy advocate is applauding the ruling…..
 

Railroad Commission Adds More Online Mapping Data for Public Viewing: RRC

March 27, 2020

AUSTIN – The Railroad Commission of Texas continues to enhance transparency by adding more data to its Public Geographic Information System (GIS) Map Viewer. The public can now view information on Voluntary Cleanup Program (VCP) and Brownfield Response Program (BRP) sites around Texas – two programs designed to incentivize the remediation and redevelopment of abandoned oil and gas sites…..
 

Capital One Gets Government Waiver For Derivatives Exposure In Oil and Gas: Report

Threatened exposure to energy swap markets could “hurt the institution’s ability to keep lending”

 

March 31, 2020

Despite being a relatively small player in funding energy companies, Capital One has been given a waiver from requirements for registering its exposure to energy derivatives markets, according to one report…..