U.S. Energy Information Administration said Texas consumed more energy in 2023 than any other state.  According to data in the latest State Energy Data System, total energy consumption in Texas was twice as much as in California, the second highest consuming state, and more than three times as much as in Florida, the third highest […]

The potential gas committee of the American Gas Association recently reported a 16 percent increase in domestic natural gas resources in the U.S. since its previous biannual report.  The 60th anniversary report revealed the largest reported value in its history.  The report said, “The increase shows an industry primed to fuel the economy of the […]

Houston-based Targa Resources announced plans last week for a new long-haul pipeline connecting the company’s operations in Permian Basin to its fractionation and storage complex in Mont Belvieu.  Speedway pipeline will be a 500-mile system (30 inches) to move up to 500,000 barrels per day of NGLs at a cost of $1.6 billion.  It will […]

Michael Lozano of Permian Basin Petroleum Association, Ed Longanecker of Texas Independent Producers and Royalty Owners Association, and Tulsi Oberbeck of Texas Oil and Gas Association are among 13 people named this week to a new state taskforce on petroleum theft.  The group was created during the recent session of the Texas legislature to study […]

Clay Gaspar, president and CEO of Devon Energy, said his company’s operations in New Mexico have faced electricity supply constraints and led Devon to develop “our own utilities.”  Speaking recently at a Barclays conference in New York, Gaspar said, “We’ll be looking and trying to understand our capabilities of building co-ops with peers to build […]

Counts of active drilling rigs in Permian Basin and Texas continue to decline, according to the weekly report of Oct. 3 from Baker Hughes.  Permian Basin reported 251 rigs (down 2 from 253 last week, down 53 or 17.4 percent from 304 a year ago), and Texas also declined 2 to 244 (down 35 or […]

Irving-based Vistra said last week it will build two new natural gas power units at its Permian Basin power plant near Monahans.  Vistra said its plans to support grid reliability are “based on customer demand and to meet west Texas’ growing power needs, particularly the state’s expanding oil and natural gas industries.”  The two new […]

NRG Energy will receive a $562 million low-interest loan through a state fund that supports construction of new natural gas power plants. It’s the third and largest loan announced under the Texas Energy Fund.  The 20-year loan (for 60 percent of project cost) will allow NRG to move forward with construction of a 721-megawatt unit […]

Oil and natural gas tax contributions also remained high in August, according to Texas Independent Producers and Royalty Owners Association. According to data from the Texas comptroller’s office, in August Texas energy producers paid $445 million in oil production taxes, a six-month high. Producers also paid $194 million to the state in August in natural […]

Citing data from the U.S. Bureau of Labor Statistics, Texas Independent Producers and Royalty Owners Association highlighted new employment figures that show an increase in upstream employment in Texas in August. According to TIPRO’s analysis, direct Texas upstream employment for August totaled 205,100, an increase of 200 industry positions from July. This represented a decrease […]