Texas

Increasingly frequent earthquakes in the Permian Basin’s Delaware sub-basin are mostly linked to oil and gas activity, according to a new study led by researchers at the University of Texas at Austin (UT). Among the most prolific oil and gas producing regions in the Lower 48, the Delaware’s surface area covers about 6.4 million acres…

European and Asian natural gas prices continued soaring higher Wednesday with the market on edge about two key supply outages in Russia and the United States. Word on Tuesday that the liquefied natural gas (LNG) terminal on Quintana Island, TX, Freeport LNG, won’t enter full service until later this year after an explosion, as well…

Representatives with the liquefied natural gas (LNG) facility in Texas that suffered an explosion last week, Freeport LNG, said early Tuesday that the company does not expect the export facility to be fully repaired for months.  The company is now targeting late 2022 for a return to full service instead of the initial guidance of…

BKV Inc., the biggest natural gas producer in the Barnett Shale, is partnering with EnLink Midstream LLC to develop what could be one of the first commercial carbon capture and sequestration (CCS) projects to come online in the United States. The project envisioned could begin in 2023 after the partners clinched a final investment decision…

An explosion at the Freeport liquefied natural gas (LNG) export terminal left market participants contemplating weeks of potential demand destruction and caused a price shockwave that reverberated through the natural gas forwards market during the June 2-8 trading week. For the Lower 48 as a whole, fixed price moves were mixed in terms of the…

Texas’ natural gas production tax garnered $413 million for the state in May, representing a 216% year/year increase and an all-time high for the levy, the Texas Comptroller of Public Accounts said Wednesday. The state took in $595 million from its oil production tax in May, up 64% year/year, the Texas Comptroller’s office added. Much…

Texas environmental regulators may decide to require more stringent emissions controls for a second phase of Sempra Infrastructure’s proposed Port Arthur liquefied natural gas (LNG) terminal in Southeast Texas after an administrative ruling. Judges with Texas’ State Office of Administrative Hearings released a decision May 20 on a challenge brought by local group Port Arthur…

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

Texas’ upstream natural gas and oil industry added 5,200 direct jobs from March to April, bringing the state’s latest direct upstream headcount to 190,400, the Texas Independent Producers and Royalty Owners Association (TIPRO) said Friday. “Texas operators are responding to the call to increase production, despite facing numerous challenges, including inflationary pressures, workforce shortages and…