Fort Stockton-based MMEX Resources said Feb. 8 it is developing solar energy to distribute power to multiple planned projects in Texas – including its refinery in Pecos County – producing hydrogen and ultra-low sulfur clean fuels combined with carbon dioxide capture. The complex being developed in Pecos County originally was to be a distillation unit […]
Energy in the Crosshairs
With Legislative sessions beginning in both Santa Fe, N.M., and Austin, Texas, and the early days of the Biden Administration taking shape, it is clear that domestic energy, and in particular the way of life in the Permian Basin, is in the crosshairs. That is why our work at PBPA remains so important. We are […]
Port of Corpus Christi ranks as nation’s “leading energy gateway”
Port of Corpus Christi said it ended 2020 with record tonnage thanks primarily to 65 percent increase in crude oil shipments compared to 2019. The port set a new annual record of 159.7 million tons – 31 percent increase over 2019. The port also had a 26 percent increase in LNG shipments. Port officials added, […]
Alliance: Texas Petro Index down 30 percent in past year
Texas Petro Index declined for the 22nd consecutive month in December 2020 to 134.3 from 137.0 in November 2020 and 193.2 in December 2019 (down 30.5 percent), according to Texas Alliance of Energy Producers. The index is a statewide measure developed by petroleum economist Karr Ingham that started at 100.0 in January 1995. Ingham said, […]
New Mexico officials question federal government on 60-day permit pause
Reuters said last week New Mexico officials are asking the Biden administration to resolve confusion in the state’s oil and gas industry on the 60-day pause for allowing state-level staff to issue approvals for new drilling on federal land. Sarah Cottrell Propst, secretary of the state’s energy, minerals and natural resources department, asked the U.S. […]
Permian Basin rig count above 200 for first time in 9 months
Permian Basin is above 200 in count of active oil and gas drilling rigs for the first time since May 2020. Houston-based Baker Hughes said as of Feb. 12 there were 203 rigs in Permian Basin (up 5 in previous week). The latest report above 200 rigs was May 1, 2020. Also as of Feb. […]
Talking Dust with Dusty
This month’s topic is absolutely pertinent and timely. Normally it is a sleep-inducer of a topic, the reason being that its ramifications are long term, as opposed to short term—and short term ramifications generally attract greater attention. Silica and silicosis have been an issue in the oilfield and construction industries for quite some time. Largely […]
Changing Landscape
It might be said that any land person still breathing and eating in the first quarter of 2021 is either a few pounds lighter or must have won the lottery. That’s because, in an oil price downturn, especially one as sudden and deep as the 2020 model, land services are usually the first to succumb […]
PBPA joins coalition in goal of ending routine flaring by 2030
Texas Methane and Flaring Coalition said Wednesday in Austin it supports a goal of ending routine flaring by 2030. The coalition includes seven trade groups, including Permian Basin Petroleum Association, and more than 40 Texas operators. It was formed in 2019 “to develop industry-led solutions designed to mitigate and reduce methane emissions and flaring.” PBPA […]
ExxonMobil new carbon capture, storage business includes southeast Texas
ExxonMobil said last week it created a new business, ExxonMobil Low Carbon Solutions, to commercialize its low-carbon technology. The new business will focus on carbon capture and storage and hydrogen. ExxonMobil Low Carbon Solutions plans more than 20 new carbon capture and storage projects with $3 billion in investments through 2025. The projects include U.S. […]
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