A new study by S&P Global Energy said LNG exports are expected to become the second largest net export industry in the U.S. within five years.  The report issued July 17 said LNG exports support 550,000 jobs and will contribute $1.4 trillion to U.S. GDP through 2040 “while having a negligible impact on domestic gas […]

Texas, New Mexico and Oklahoma were three of four states to report additional oil and gas drilling rigs in the past week.  Baker Hughes in its weekly report of July 17 said Texas’ count is up to 274 after adding 2 rigs in the past week; Texas has added 21 rigs or 8.30 percent in […]

East Daley Analytics reported last week that Energy Transfer’s Hugh Brinson pipeline began moving natural gas months ahead of the project’s full operational date.  According to filings with the Federal Energy Regulatory Commission, intrastate flows on the Hugh Brinson pipeline began June 13 – the same day its Section 311 tariff and statement of operating […]

Houston- and New York City-based Glenfarne Group said this week it secured new capital to continue development and early construction of the proposed Texas LNG export terminal on 625 acres at Port of Brownsville.  HPS Investment Partners, part of Blackrock, agreed to an investment of $500 million.  It’s one of the final steps required for […]

Multiple sources are reporting that the Dean formation in west Texas is “emerging as the Midland Basin’s next zone to watch.”  Dean is a prolific, oil-rich geological layer between the shallower Spraberry formation and the deeper Wolfcamp shale.  Historically, it was drilled vertically in the Ackerly-Dean field in Dawson County, but now modern horizontal drilling […]

After three months of increases, jobs in the energy services workforce in both U.S. and Texas declined in June, according to data from Houston-based Energy Workforce and Technology Council.  Despite the modest declines, the council said the workforce “remained stable through the first half of 2026.”  Data were compiled from the Bureau of Labor Statistics […]

The difference between the U.S. and other major producers of crude oil widened in 2025, according to International Energy Statistics database and U.S. Energy Information Administration analysis.  EIA said July 9 that Russian output last year was mostly unchanged (9.9 million b/d), and Saudi Arabia reported modest growth (9.6 million b/d) to trail U.S. (13.6 […]

Permian Basin reported a decline in its count of active drilling rigs last week, but Texas and U.S. continued to add rigs.  Baker Hughes in its weekly report of July 10 said there were 256 rigs in Permian Basin – down 5 in the past week and down 9 in the past year.  Also, there […]