Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. Energy Information Administration.  EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity.  Both increased in 2024. Demonstrated peak capacity, the sum of the largest volume of […]

A new jobs report released last week by Houston-based Energy Workforce and Technology Council noted the “continued resilience in the energy services sector amid signs of a broader national labor market slowdown.”  The report cites data from the Bureau of Land Management and analysis by the council. Total jobs in the energy services sector reached […]

Jim Wright, commissioner of the Railroad Commission of Texas, was elected chair at the commission’s meeting Wednesday in Austin.  He succeeds Midland’s Christi Craddick as chair.  A resident of Orange Grove, Wright was elected to the commission in November 2020.  A graduate of Midland High School and University of Texas, Craddick said in March she […]

According to Houston Chronicle, data from Electric Reliability Council of Texas show that renewable energy and battery storage companies are canceling projects in Texas at a rate not seen since the global pandemic.  The Chronicle said tariffs initiated by President Trump in April “are the most pressing challenge to the clean energy industry… These tariffs […]

Counts of active drilling rigs declined for the seventh consecutive week in U.S. and Permian Basin, according to June 13 report from Baker Hughes.  There were 273 rigs in Permian (down 2 from 275 week ago, down 36 or 12 percent from 309 year ago) and 555 in U.S. (down 4 from 559 week ago, […]

Governor Greg Abbott was in Midland recently to sign new legislation for oilfield theft protection in the Permian Basin.  At Permian Basin Petroleum Museum, Abbott signed several bills that he said will bring “the full weight of the law to crack down on oil theft in the Permian Basin to protect the critical role energy […]

The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. The new plants and expansions are planned for Odessa in Ector County, Seminole in Gaines County, Abernathy in Hale County, Westbrook in Mitchell County, Fort Stockton in Pecos County, Pecos in Reeves County, […]

Environmental Integrity Project, a Washington, D.C.-based nonprofit, said Wednesday companies plan to build more than 100 new gas-fired power plants in Texas in the next five years to meet enormous electrical demand to support data centers for artificial intelligence, population growth and extreme weather.  The list of plants is comprised of 108 proposed new gas […]

Tulsa-based ONEOK said June 3 it acquired the remaining 49.9 percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash).  Delaware Basin JV owns natural gas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of […]