Houston-based Delfin Midstream said last week it secured $5 billion in financing to proceed with a long-delayed project to build the nation’s first liquified natural gas floating export terminal.  Delfin Midstream aims to build the largest LNG floating facility in the world.  It will be connected to an undersea pipeline Delfin is repurposing to bring […]

Texas Commission on Environmental Quality will conduct a virtual and in-person public hearing Monday at 9:30 a.m. in Austin on its proposed rules for using treated oilfield wastewater on Texas farmland.  TCEQ staff members will be available to discuss the proposal, and Texans can submit comments online through Tuesday. Texas Tribune said the proposed rules […]

U.S. Energy Information Administration reduced its expectation for global oil demand in 2026.  In Tuesday’s issue of its Short-Term Energy Outlook, EIA said high fuel prices, reduced fuel availability, and government initiatives are curbing oil consumption this year, particularly in Asia.  EIA said reduced demand will result in the world consuming 1.1 million fewer barrels […]

New Mexico State Land Office recently held a two-day hearing on proposed regulations to increase the amount of money oil and gas companies operating on state lands would pay to guarantee plugging and cleaning inactive wells.  The hearings were held May 27-28 for proposals that also would implement annual reporting requirements. The State Land Office […]

The seven-state south central region – including Texas, Oklahoma and Louisiana – led the gains in underground working natural gas storage capacity in lower 48 states in 2025.  U.S. Energy Information Administration said last week underground natural gas storage provides a source of energy when demand increases to balance U.S. energy needs.  EIA calculates storage […]

Counts of active oil and gas drilling rigs in U.S. and Texas increased for the seventh straight week and for the fifth straight week in Permian Basin.  And the U.S. count of 563 is above the year-ago count for the first time in three years since May 2023.  Baker Hughes said in its weekly report […]

U.S. crude oil exports climbed to a record 5.6 million barrels per day in May as the U.S.-Israeli war in Iran increased demand for the nation’s oil from Asian and European refiners.  Reuters reported Monday, “The U.S. and Israel’s war with Iran triggered the largest-ever disruption to the global energy market with refiners globally scrambling […]

Houston-based Battalion Oil said last week it reached agreement with an unaffiliated industry partner to jointly fund an eight-well program in Monument Draw in Ward County in Delaware Basin of west Texas.  Initial development will focus on a four-well pad scheduled to commence drilling in late Q2 or early Q3.  Drilling will target third Bone […]

Analysts expect withdrawals to continue this summer from the nation’s strategic petroleum reserves in Texas and Louisiana as the inventory approaches levels not seen in more than 40 years.  Inventory as of May 29 was 357.1 million barrels at the four underground sites in Texas and Louisiana owned and operated by the U.S. Department of […]

Dallas-based Sentinel Midstream said last month it started construction on Texas GulfLink, a deepwater crude oil export terminal about 30 miles off the coast of Freeport.  It will be capable of fully loading very large crude carriers (VLCC) offshore and connect global markets to North American-produced crude oil.  Funding is provided by the U.S.-Japan trade […]