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 […]

U.S. crude production hit a record high of 13.64 million barrels per day in July, according to U.S. Energy Information Administration.  Major producing states Texas and New Mexico contributed significantly to the new standard.  The U.S. mark was 109,000 barrels above the previous record in June. Production in Texas rose to 5.8 million barrels per […]

The biennial Permian Basin International Oil Show is scheduled Oct. 21-23 at Ector County Coliseum in Odessa.  Theme of PBIOS is “The Basin’s Next Generation: Bridging Legacies, Powering Tomorrow.” During PBIOS, Permian Basin Petroleum Association will conduct a membership luncheon Wednesday, Oct. 22.  Theme is “Stronger Together: Regulatory, Legislative and Power Perspectives.”  Speakers will include […]

New Mexico Gov. Michelle Lujan Grisham said last week satellite observations in a recent one-year period in Permian Basin show crude oil and natural gas operators are releasing emissions in New Mexico at less than half the amount in Texas.  At a news conference Sept. 22 at the capitol in Santa Fe to start Climate […]

Houston-based LandBridge Co. said last week it contracted with NRG Energy on a potential data center in Reeves County in Delaware Basin.  The site could potentially house a 1,100-megawatt, grid-connected natural gas power generation facility, which NRG would construct “if an appropriate power purchase agreement for a data center is secured.”  LandBridge said in-service date […]

Texas led all major producing states by adding 4 drilling rigs in the past week, according to the latest report from Baker Hughes.  As of Sept. 26, there were 246 active rigs in Texas – up 4 from 242 the previous week but down 31 or 11.2 percent from 277 a year earlier.  Three of […]

“At Home with Energy” is theme of the 13th annual Carlsbad Energy Summit scheduled Thursday, Oct. 23, at Walter Gerrells Performing Arts and Exhibition Center in Carlsbad, N.M.  Featured guest Kenny Thomas will speak at a luncheon on “Beyond the Game: Leadership, Energy and the Fuel that Drives Us.”  Thomas is an 11-year veteran of […]

Consumption of natural gas in the U.S. is forecast to increase this year by about 1 percent to a record of 91.4 billion cubic feet per day.  U.S. Energy Information Administration said Aug. 25 it expects use of natural gas to increase across all sectors except electric power.  “Natural gas consumption was high in the […]