More than 20,000 people from 86 countries and 49 states watched Tuesday’s proration hearing conducted by Railroad Commission of Texas. Fifty-five people testified during the 10-hour hearing on the contentious proposal to limit production and address falling crude oil prices amid global oversupply, increasing financial losses and the demand-killing coronavirus. One of the biggest Texas […]
Riding the Wave
With the proliferation of hydraulic fracturing since around 2010, the good news is that oil and gas production have exploded, reaching never-before-seen levels and practically eliminating net imports. The challenge, however is that fracturing requires millions of barrels of water—fresh or recycled—and also produces millions of barrels of water that must be reused or returned […]
Going with the Flow
MIDLAND, TEXAS—When a United States senator makes a call to deliver a keynote, you know your conference’s subject matter is striking a chord. Sen. John Cornyn (R-Texas) helped get the Permian Basin Water in Energy Conference (PBWIEC) off to a good start with his remarks at the dinner and reception held on Wednesday evening, Feb. […]
TCEQ issues permit for construction of LNG terminal in Brownsville
Texas Commission on Environmental Quality issued an air quality permit during an online meeting Wednesday for construction of the $4.5 billion Annova LNG export terminal at Port of Brownsville. Federal officials had issued a permit in November 2019. Annova LNG is designed for capacity of 6.5 million tonnes per year and will cater to mid-scale […]
Declining oil prices may cost Permanent University Fund $300 million
Houston Chronicle said last week that declining crude oil prices could cost a fund that supports 21 members of systems of University of Texas and Texas A&M University at least $300 million. University Lands, state-operated company that oversees oil leases on land owned by the state, expects to send $700 million to the Permanent University […]
PBPA, other groups form coalition to address flaring, emissions
About 40 oil and gas companies and seven organizations, including Permian Basin Petroleum Association, said March 31 they formed a coalition to address flaring and methane emissions. The companies in Texas Methane and Flaring Coalition are responsible for about 80 percent of the state’s oil production. The coalition will work to improve data quality, explain […]
Texas leads nation’s declining rig count for second straight week
Oil and gas drillers across the U.S. have idled 108 rigs in the last two weeks, including 54 in Permian Basin and 59 in Texas, according to the weekly report of April 3 by Houston-based oilfield services firm Baker Hughes. Permian Basin lost 31 rigs in the latest week for a new total of 351 […]
CEOs of Texas companies attend White House meeting on price, demand
Leaders of at least five Texas-based oil and gas companies reportedly were in Washington, D.C., April 3 to attend a meeting at the White House with President Trump and Dan Brouillette, secretary of the Department of Energy, about the government’s response to declining prices and market demand. Texas-based companies represented included Hilcorp Energy, Occidental Petroleum […]
Railroad Commission to conduct hearing April 14 on market demand
Railroad Commission of Texas is expected to meet Tuesday, April 14, to hear testimony and consider using its authority to implement crude oil production cuts during a time when prices are at 20-year lows. The agency, which regulates the state’s oil and gas industry, said April 2 commissioners will conduct a virtual meeting at 9:30 […]
Leaving Your Job
Looking for a new job? Did you know the best time to find a new job is between January and May? Think about it—the summer months are when people are on vacation, and in the fall, employers are more likely to be looking for holiday help, which is less permanent. Changing jobs is a big […]
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