The Texas Petro Index by petroleum economist Karr Ingham declined for the ninth straight month in November to 195.1 after reaching a high this year of 213.2 in February. The peak of the index, based on a comprehensive set of economic indicators, was 313.9 in November 2014 (base 100 in January 1955). The index declined […]

U.S. and Texas erased most of their losses from the previous week in Baker Hughes’ count of active oil and gas drilling rigs for Jan. 17. Texas added 5 rigs for a new total of 401 (396 previous week, 521 previous year), and U.S. added 15 rigs for a new total of 796 (781 previous […]

An annual report, “State of American Energy,” issued recently by American Petroleum Institute says concern about climate change “is at the heart of criticism of the energy industry.” Mike Sommers, president, said API members “will be at the forefront of the debate on the nation’s energy future… We have no choice. It’s required that we […]

Railroad Commission of Texas said this week it is opening an oil and gas field office in Lubbock to serve a 21-county area (District 8A) in northern Permian Basin previously served by its Abilene office. RRC executive director Wei Wang said Wednesday the new office will “address both operational and recruiting challenges we have experienced […]

Houston-based Enterprise Products Partners said this week it placed into service its Mentone cryogenic natural gas processing plant in Loving County in Delaware Basin. The plant has the capacity to process 300 MMcfd of natural gas and extract more than 40,000 b/d of NGL. Enterprise said it is supported by a longterm dedicated acreage agreement. […]

Canadian pipeline operator Enbridge withdrew its permit application at U.S. Department of Transportation maritime administration for a crude oil export terminal near Freeport in the Gulf of Mexico capable of handling supertankers, according to Reuters and Houston Chronicle. Enbridge reportedly could reconsider filing its application for Texas Crude Offshore Loading Terminal (or Texas COLT) off […]

Houston-based pipeline operator Enterprise Products Partners and British liquefied gas shipping company Navigator Holdings exported the first cargo of ethylene from their new terminal at Morgan’s Point on the Houston ship channel. A Liberian tanker named Navigator Europa left Jan. 2 with a 25-million-pound shipment of ethylene for the Marubeni Corp. in Japan. Enterprise and […]

Production continues to grow while the rig count declines. U.S. Department of Energy said this week that crude oil production increased to an estimated record high of 13 million barrels a day last week, while Baker Hughes said Jan. 10 that the U.S. count of active oil and gas drilling rigs declined 15 in the […]

Houston-based Oilfield Labs of America is doubling the capacity of its facilities in Midland. Amanda North, director of lab operations, told the Midland Reporter Telegram the company is expanding its existing building and adding a second building of 4,000 square feet to give it more than 9,000 square feet of lab space. “We serve the […]

The Texas Oil and Gas Association said this week the industry paid a record $16.3 billion in 2019 in taxes and royalties to the State of Texas, county governments and school districts. Todd Staples, president, told reporters Tuesday, “Despite the challenges associated with the global marketplace, state and local taxes and state royalties shattered records […]