Members, The Texas Legislature continues to churn through its 140-day session and with the final month of the legislative session arriving, we are certainly at crunch time. A record number of House and Senate bills were filed but perhaps the greatest challenge of all is that a significant number of these record bills were filed […]
API president Mike Sommers to speak at 2023 State of Energy luncheon
Mike Sommers, president and CEO of American Petroleum Institute, the world’s largest oil and gas association, will be the featured speaker at the 2023 State of Energy luncheon Monday, May 15, at The Ortiz Center in Corpus Christi. Shale magazine and EN Media Group conduct the annual luncheon to “demonstrate the undeniable economic impact the […]
Permian Basin adds rigs for fourth straight week, up for year to 361 from 353
Count of active drilling rigs increased for the fourth straight week and seventh time in the last eight weeks in Permian Basin, according to the weekly report of April 28 from Baker Hughes. There were 361 rigs in Permian Basin (358 last week, 335 year ago) – up from 353 to start the year. Also, […]
U.S. Energy Development acquires 25 percent interest in Midland County assets
Arlington-based U.S. Energy Development Corp. said last week it recently acquired 25 percent working interest in the Mascot project in Midland Basin for $225 million cash and other considerations. Mascot in Midland County includes multiple producing properties, associated midstream assets and about 50 undeveloped locations expected to produce 6,500 boed in 2023. It is majority […]
Oxy begins construction of DAC facility Stratos in Ector County
Groundbreaking ceremony was held Friday for Stratos, Occidental Petroleum’s first direct air carbon capture facility in west Texas. It’s one of five in industrial areas of Texas and Louisiana for Oxy and its affiliate, 1PointFive, who plan to build 100 DAC facilities worldwide by 2035 in its transition from a Houston-based oil giant to a […]
88th Regular Session Enters Home Stretch
Texas representatives and senators are required by law to pass a balanced budget every two years. While the House and Senate each work on the budget and hold hearings simultaneously, they traditionally take turns originating the general appropriations bill and chairing the Budget Conference Committee. For the 2023 Regular Session, the bill originated in the […]
Beaumont Refinery Expands
(BUSINESS WIRE) ExxonMobil announced March 16 the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than […]
O&G Must Close the Technology Gap
(BUSINESS WIRE) Oil and gas companies in North America face an array of major changes driving trends that require more investment in digital technologies and skills, according to a research report published March 6 by Information Services Group (ISG), a leading global technology research and advisory firm. The report, titled “2022 ISG Provider Lens Oil […]
Interior Debunks Biden’s 9,000 Permit Claim
For nearly a year the Administration has attempted to redirect scrutiny over its slow walking of federal oil and gas leases by chastising U.S. producers for leaving 9,000 permits to drill on federal lands untapped, according to a statement from the American Petroleum Institute. “There are 9,000 unused approved drilling permits,” former White House Press […]
Pearl Harbor Veteran Laid to Rest
Electrician’s Mate 1st Class Harvey Herber, born in Tacoma, Washington, who was serving onboard the battleship U.S.S. Oklahoma during the Dec. 7 attack on Pearl Harbor, was laid to rest at 2 p.m., March 24, at Peaceful Gardens Cemetery in Lubbock, Texas, according to an official report from the U.S. Navy. Herber’s date of birth is […]
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