November 29, 2019
Seaway Crude Pipeline Co. is beginning a search for clients in what could be a major expansion of an existing pipeline from Cushing OK down to the Gulf Coast…..
One explosion about 1 am, another about 12 hours later…evacuation of nearby homes and businesses…no elevated chemicals in the air nearby, officials say
November 27, 2019
Three workers who were injured in a massive explosion at a chemical plant operated by TPC Group have been released from hospitals by Wednesday afternoon…..
November 22, 2019
An influential city in Ireland wants to put the kibosh to a plan for importing LNG with a strong Texas connection because of a disdain for fracked gas……
November 22, 2019
Oil and gas service provider Banner Midstream Corp. will change its name, now that it has completed a merger with a subsidiary of Mount Tam Biotechnologies Inc.….
November 21, 2019
Approach Resources has court approval to dip into new financing as it moves through the bankruptcy process, a debtor-in-possession financing arrangement….
November 22, 2019
East Texas resident Roger G. Phillips says he’s nearing completion of the design and engineering of a free-energy generator for homes and cars that will transform the renewable energy sector….
By Alex Mills
Even though there appears to be signs of weakening in the crude oil and natural gas production boom in the U.S., a new report from the Energy Information Administration (EIA) predicts continued production increases through 2020.
EIA revised its Short-Term Energy Outlook this week forecasting a 119,000 barrels per day (b/d) increase in oil production in 2020 over 2019. EIA says oil production will increase to 12.3 million b/d this year, which is up from 11 million b/d in 2018.
EIA increased its U.S. benchmark West Texas Intermediate (WTI) crude oil price forecast by $2 per barrel in November to $56 and by $1 in both December and January to $55 and $54, respectively. The slight increase in crude oil prices also contributed to EIA’s increased production forecast for the first half of 2020 because of EIA’s assumption of a six-month lag between a crude oil price change and a production response.
The Permian Basin of West Texas and East New Mexico continue to lead the way. EIA forecasts Permian production will grow by 915,000 b/d in 2019 and by 809,000 b/d in 2020. EIA based production increases in the Permian Basin on the expansion of pipelines in the area allowing for more crude oil and natural gas to be shipped to consumers and relieving the price reduction because of oversupply…..
November 21, 2019
A chemical professor at Texas Tech University has developed a new technology to assist in the cleanup of oil spills……
November 21, 2019
Researchers at the University of Houston say they have a new device that can both capture solar energy and store it until needed, offering promise for applications ranging from power generation to distillation and desalination…..
November 16, 2019
Investment firm Starwood Energy Group Global announced last week that it will acquire a Texas natural gas system from Houston-based Third Coast Midstream….
November 16, 2019
Abraxas Petroleum Corp. said its production and net income were up for 3Q 2019, even as revenue was down 9% when compared to the previous quarter…..
November 16, 2019
Naphthenic and paraffinic oils manufacturer Calumet Specialty Products Partners LP has closed on its sale of assets that include its San Antonio refinery to Starlight Relativity Acquisition Company LLC……
 
November 16, 2019
A Texas petroleum engineer and employee is the new board member at Tulsa’s WPX Energy……
November 13, 2019
A Pennsylvania Republican US senator has introduced a resolution aimed at keeping future presidents from banning fracking…….
November 12, 2019
The FBI is investigating the manner and circumstances under which the Pennsylvania governor’s office issued permits for Energy Transfer LP‘s Mariner East Pipelines, according to the Associated Press, which cites unnamed sources……
November 12, 2019
Ironwood Midstream Energy Partners is forming a new independent company with a new shot of cash and a new purchase agreement for South Texas midstream assets…..
November 12, 2019
Environmentalists are complaining to the EPA about English-only Texas Commission on Environmental Quality meetings notices, adding that the TCEQ doesn’t provide interpreters at those meetings for those with limited English proficiency……
November 12, 2019
Houston-area-based offshore oil servicer Epic Companies LLC, now in bankruptcy, says it will sell its assets to senior lender White Oak Global Advisors LLC…….
November 12, 2019
“Distinguished veteran, Al Erwin dedicated much of his life to public service including service as a Swift Boat officer in the Viet Nam……
November 8, 2019
Calpine Corportation says its 3Q net income was way up because of an increase in commodity revenue thank to higher energy margins……