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 […]
Trunk Pipelines to Dominate Midstream Project Starts
The trunk/transmission pipeline segment is set to dominate upcoming midstream oil and gas projects in the United States, accounting for about 46 percent of the project starts between 2023 and 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, “North America Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development […]
Patent Infringement Lawsuit Resolve
(BUSINESS WIRE) Crusoe Energy Systems LLC and Alkane Midstream LLC announced March 21 they have agreed to resolve a lawsuit related to patent infringement. Both parties have agreed to dismiss the lawsuit and enter into a mutually beneficial license agreement. Denver-based Crusoe builds and operates Digital Flare Mitigation systems, a technology that converts otherwise stranded […]
Job growth continues in Texas, state’s oil and natural gas industry
Employment in Texas and the state’s oil and gas industry continues to grow, according to Texas Workforce Commission. Texas added jobs again in March to continue more than two years of uninterrupted monthly job growth – although the growth from February to March slowed from previous months. Unemployment in the state held steady at four […]
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