September 27, 2019
Camber Energy Inc. says it has a next-week closing date on a merger between a subsidiary and a College Station energy-related company….
September 26, 2019
As Oil Price‘s Nick Cunningham pointed out recently, there’s one place you can find unvarnished opinion on the state of the Texas oil and gas industry, where the comments are made anonymously and therefore roughly carry the weight of insider analysis, and that’s in the “comments” section of the Dallas Federal Reserve‘s new 3rd Quarter Fed Energy Survey — no need to mince words here — and the outlook isn’t very pretty, so we gathered a large number of the most revealing comments below (some are bolded for emphasis)…….
September 26, 2019
Yes, there has been an increase in the number of E&P bankruptcies this year over last, and yes there are financial problems facing the O&G industry nationwide, not the least of which is reticent capital markets; and yes top shale companies have more than a billion dollars coming due in market debt over the next seven or so years — but Rystad Energy says this is not a harbinger of doom…..
September 25, 2019
The US Department of Justice is weighing in against a new Texas law specifying that only incumbent power transmission companies can build new power lines connecting to their existing systems….
September 25, 2019
Texas House Ways and Means committee member Dwayne Bohac says he’s not running for the Houston-area District 138 seat again….
September 25, 2019
Moving materials to and from areas east of Houston to the Bayou City will remain slow while repairs continue on Interstate 10, though lanes have now been opened over the San Jacinto River because of damage apparently caused by effects of Tropical Storm Imelda….
September 25, 2019
Candor Midstream‘s Rich Gas Gathering Pipeline System is now open and, as the company says, it “de-bottlenecks” SCOOP and Oklahoma natural gas regions……
September 25, 2019
Fluor Corp.‘s lead independent director Peter Fluor has retired as chairman and will not stand for re-election at next year’s stockholder meeting, the company said Tuesday……
September 25, 2019
Most oil, gas and electricity workers are exempt from Tuesday’s order by Jefferson County Judge Jeff Branick for a county curfew between 11 pm and 5 am, which joins Chambers County Judge Jimmy Sylviain‘s 10 pm to 7 pm curfew in the counties that are still recovering from the effects of Tropical Storm Imelda….
September 25, 2019
Houston’s Alberta-Texas Energy Ventures Inc., an oil and gas exploration and development company, recently hired Clark Hill to work on oil and gas development opportunities and strategy, according to The Hill….
Alberta, Canada’s premier says there has been a huge flight of money and jobs from his energy sector to Texas in recent years… “The Americans are playing a very strategic game and quite frankly I think they’re winning at that.”
September 24, 2019
You may not know it, but Texas has not only been trying to interest Californians in taking up residence here, but Canadians as well — and while California doesn’t seem to care much (other than blaming Texas for its homeless problems) — now Canada’s “fighting” back…..
September 24, 2019
Entergy Texas says it’s restored power to almost all the 40,000 the homes and businesses that lost power during Tropical Storm Imelda, but the remainder — most of them damaged, some severely — may need work before the electricity can flow again……..
Honda’s buying Texas solar power to offset CO2, but also plans to convert more than 60% of its vehicle sales to electric-power by 2030, using renewable power for charging those vehicles
September 23, 2019
Google‘s new corporate buy in renewables capacity is the biggest in history, with Texas solar farms able to supply the largest North American power contribution.
But Texas will also be a major player, along with Oklahoma, in supplying a new goal for Honda‘s manufacturing plants’ carbon offsets……
September 23, 2019
The cold Great Lakes and Canadian winds of Michigan’s Upper Peninsula are a natural for turning turbines, so an affiliate of El Paso’s Hunt Companies is joining with a local company to finance and develop new wind projects……
September 23, 2019
Phillips 66’s Beaumont Terminal in Nederland is back in operation after being closed since last Thursday, and TC Energy Corp.‘s Marketlink oil pipeline is also back online…..
September 23, 2019
Democrat Jay Stittleburg announced on Sunday his campaign against Republican Brandon Creighton for the Senate District 4 seat….
September 21, 2019
Permit applications approved by the Texas Railroad Commission for Sept. 12 through Sept. 18 for Districts 7C, 8 and 8A.
Numbers in parentheses indicate the number of permits approved for that leasehold.
Hover over permit information to see RRC file links.
Anadarko E&P Onshore LLC, Griffin State 56-3-41 Unit, Reeves, new drill (3); Magic State 56-3-39 Unit, Reeves, new drill (3); APC Fee 6, Loving, new drill.
Apache Corporation, CC 33, Upton, new drill.
…..
September 21, 2019
Jason Damen is the new senior manager of government affairs at Energy Transfer (ET).
Most recently, Mr. Damen has been on the government affairs team at AEP Texas, according to ET‘s Grant Ruckel, and previously worked for years under former Governor Rick Perry…..
September 19, 2019
The assistant director at city-owned College Station Utilities (CSU) is moving into the electrical utility general manager job for the city of Georgetown….
By Alex Mills
The attack on an oil processing facility in Saudi Arabia last week has raised new questions about the reliability and security of oil supplies in the future.
The attack on the Saudi Aramco Abqaiq oil processing facility, the world’s largest crude oil processing stabilization plant, occurred on Sept. 14, and originally took out approximately 5 million barrels per day (b/d) of the facilities capacity of 7 million b/d.
Crude oil prices on the futures markets initially increased about 10 percent closing at $68.10 for Brent and $61.95 for West Texas Intermediate on Sept. 16. However, by midweek prices had dropped to $63.52 for Brent and $58.10 for WTI.
Saudi Aramco stated it expected to resume full production by the end of September. Meanwhile, crude oil exports to customers will continue without interruption by drawing on existing inventories and offering additional crude oil production from other fields.
The Energy Information Administration (EIA) at the U.S. Department of Energy reported tanker loading estimates from third-party data sources indicate that loadings at two Saudi Arabian export facilities have been restored to the pre-attack levels……