For the second straight week, Texas led major producing states in adding active oil and gas drilling rigs.  Baker Hughes said in its weekly report of May 1 that Texas has 238 rigs after adding 4 in the previous week.  The state’s count is up 6 from 232 to start the year, but down 33 […]

Houston-based Enterprise Products Partners said last week it established record inlet volumes at its natural gas processing plants at 8.3 Bcfd in first quarter.  That’s up 7 percent from 2025Q1.  Enterprise said it was “driven by a 9 percent increase in Permian plant inlet volumes.” Enterprise also reported records for equivalent pipeline transportation volumes (up […]

Richard A. Jackson, who joined Occidental in 2003 and most recently was senior vice president and COO, has been named president and CEO effective June 1.  He succeeds Vicki A. Hollub, who is retiring after serving as CEO since 2016.  Occidental’s Board of Directors announced the appointments May 1.  Chairman Jack Moore said, “Richard is […]

U.S. Bureau of Economic Analysis said the Texas economy expanded to $2.9 trillion last year based on the state’s 2025 current-dollar gross domestic product.  The Texas economy grew faster than the nation in 2025 at a rate of 2.5 percent when adjusted for inflation. Governor Greg Abbott said April 17, “With the best business climate […]

Houston-based ElectriGen said Monday it intends to develop and operate a 1.8-gigawatt power platform to support large-scale data center development.  The project consists of two 900-megawatt natural gas-fired generation facilities with ancillary equipment to support load balancing at “an undisclosed location within the Texas market.”  Commercial operation is expected in 2028. The power system will […]

U.S. Department of Energy said Thursday it released 17.5 million barrels of crude oil from the nation’s strategic petroleum reserve between March 16 and April 24.  DOE said the release included 7.1 million barrels last week – the most since the week ending Oct. 7, 2022.  Stocks at the four SPR sites currently are 397.9 […]

Houston-based Battalion Oil said Wednesday it agreed to a long-term contract for 50 percent additional capacity of sour gas compression at its assets in Ward and Winkler counties in Permian Basin.  The agreement will increase flow capacity in Monument Draw from 35 million cfd to more than 50 million cfd to facilitate current production and […]

Counts of active drilling rigs in Texas and U.S. both increased in the past week, according to the weekly report of April 24 by Baker Hughes.  There were 234 rigs in Texas (up 2 in previous week, down 40 or 14.6 percent from 274 a year ago) and 544 rigs in U.S. (up 1 in […]

This month’s short-term energy outlook from U.S. Energy Information Administration forecasts that exports of the nation’s liquefied natural gas will continue to increase next year as five LNG export projects start operations and ramp up production.  EIA forecasts that the nation’s LNG exports will rise 1.9 Bcfd in 2026 to average 17.0 Bcfd and an […]