Days ahead of a deep freeze forecast to plunge into Texas, a final report filed Tuesday by the state’s electric grid operator with the Public Utility Commission (PUC) said nearly all of the electric generating units and transmission facilities that were required to winterize have done so. “The Texas electric grid is more prepared for…
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Texas
Articles from Texas
Harvest Midstream Expanding Eagle Ford Oil Services with Arrowhead Acquisition
Harvest Midstream is poised to take full ownership of some South Texas crude oil transportation and logistics assets as it seeks to expand services for upstream and downstream customers in the Eagle Ford Shale. The privately held midstream company announced a purchase and sale agreement to acquire the remaining 75% stake in Arrowhead ST Holdings…
January 14, 2022
Permian, Eagle Ford Counties and School Districts Top Texas Property Tax Receipt Rankings
Texas’ oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in Fiscal Year (FY) 2021, with school districts and counties in the Permian Basin and Eagle Ford Shale the top beneficiaries, according to the Texas Oil and Gas Association (TXOGA). “Despite an incredibly difficult two years, the Texas…
January 14, 2022
U.S. OFS Employment Swings Back to Growth Mode
The U.S. oilfield services (OFS) and equipment sector added an estimated 7,450 jobs in December, according to the Houston-based Energy Workforce & Technology Council. “As oil demand has pushed higher, it’s heartening to see continued job growth in the sector,” said Council CEO, Leslie Buyer. “The sector has recovered more than half of the jobs…
January 13, 2022
Successes, Challenges Amid the U.S. Natural Gas Industry’s First Freeze of 2022 – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast for insight into how the U.S. natural gas market fared amid the deep freeze at the turn of the year. NGI Price & Markets Editor Leticia Gonzales is joined by Criterion Research’s James Bevan, vice president of Research, to discuss the…
January 6, 2022
Texas Natural Gas, Oil Regulator Investigating Another Permian Earthquake
The Railroad Commission of Texas (RRC) is suspending all disposal well permits to inject oil and gas waste into deep strata within a portion of the Permian Basin following a series of earthquakes. The action, taken earlier in December and set to take effect on Friday (Dec. 31), applies to 33 deep disposal wells within…
December 29, 2021
U.S. Natural Gas, Electricity Markets Planning Improved Coordination Post-Uri
The North American Energy Standards Board (NAESB) has unanimously approved an initiative to improve coordination between the natural gas and electric markets in response to Winter Storm Uri in February. The cold snap caused widespread power outages and shut-in oil and gas production across the south-central United States. Gas-fired generation accounted for 58% of all…
December 17, 2021
Crescent Energy Created in Merger by Lower 48 E&Ps Independence, Contango
Texas-based exploration and production (E&P) firms Independence Energy LLC and Contango Oil & Gas Co. have created Crescent Energy Co. after completing an all-stock transaction. Houston-based Crescent, whose assets are across the Lower 48, had pro forma production of about 119,000 boe/d during 3Q2021. The Independence portfolio spanned the Eagle Ford Shale, Rockies, Permian Basin…
December 10, 2021
Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada
Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…
December 6, 2021
U.S. Friendlier to Natural Gas, Oil Investments than Canada, Execs Say
Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…
December 1, 2021
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