Texas

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Upstream oil and natural gas employment in Texas grew in October, with 2,800 jobs added for the month, according to state data. The gains in oil and gas extraction, as well as support jobs, were even more impressive after the Texas Workforce Commission (TWC) revised upward the job gains in September to 2,200 from an…

November 28, 2022
December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering

December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering

Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. At A Glance: Prompt month jumps 67 cents Cash prices recover in West Texas Analysts expect stout storage injection After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1…

October 31, 2022
Mexico’s CFE Alleges Sweetheart Natural Gas Contracts Awarded Under Previous Regime

Mexico’s CFE Alleges Sweetheart Natural Gas Contracts Awarded Under Previous Regime

Mexico’s CFE International LLC (CFEi) is suing two of its former executives in a Texas court in relation to natural gas contracts awarded to a U.S. firm. CFEi is the international fuel procurement arm of state electricity firm Comisión Federal de Electricidad (CFE), and among the largest natural gas marketers in North America. CFEi is…

October 3, 2022
SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

Less than one month after expanding its holdings in South Texas, SilverBow Resources Inc. is adding about 5,500 net acres to build its natural gas and oil portfolio in the Eagle Ford Shale and Austin Chalk.The Houston-based independent clinched the $87 million transaction with an undisclosed seller. The package “provides extended lateral lengths, increased drilling…

October 3, 2022
Mexico LNG Arising As Future Solution for Energy Starved Europe

Mexico LNG Arising As Future Solution for Energy Starved Europe

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe. It’s not the first time López Obrador has talked about shipping gas to Europe as the continent reels from…

September 30, 2022
Texas Upstream Natural Gas, Oil Industry Direct Jobs Top 200K

Texas Upstream Natural Gas, Oil Industry Direct Jobs Top 200K

The direct upstream job count in the Lone Star State surpassed the 200,000 mark in August for the first time since the pandemic-related freefall in employment in 2020, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. Based on the trade group’s analysis of U.S. Bureau of Labor Statistics (BLS) data, Texas…

September 21, 2022
Waha Natural Gas Price Trading at Increasing Discount to Henry Hub, Bolstering Mexico

Waha Natural Gas Price Trading at Increasing Discount to Henry Hub, Bolstering Mexico

Natural gas prices at the Waha pricing point in West Texas continue to offer an attractive long term option for offtakers, including in Mexico, according to analysis from the U.S. Energy Information Administration (EIA). Since late 2021, the difference “has been widening” between the natural gas price at Waha and the Henry Hub benchmark in…

September 20, 2022
Texas Pacific, WaterBridge Teaming Up Deep in Heart of Permian Delaware

Texas Pacific, WaterBridge Teaming Up Deep in Heart of Permian Delaware

Texas Pacific Land Corp. (TPL) and WaterBridge NDB LLC have formed an alliance that they say emphasizes sustainable oil and natural gas development across 64,000-plus acres in Reeves and Loving counties in West Texas, spanning the heart of the Permian Basin’s Delaware sub-basin. “This alliance covers a region of the Delaware Basin that offers some…

September 12, 2022
Williams Bulks Up Texas Natural Gas Storage, Transmission with $423M NorTex Purchase

Williams Bulks Up Texas Natural Gas Storage, Transmission with $423M NorTex Purchase

Williams, building its natural gas portfolio to move more supply to the Gulf Coast and beyond, has snapped up NorTex Midstream Partners LP in a $423 million deal that expands Texas opportunities. The NorTex purchase, from an affiliate of private equity firm Tailwater Capital, includes 80 miles of gas transportation pipelines, 36 Bcf of storage…

September 8, 2022
Clean Energy Fuels Progresses 110 MMcf of RNG Dairy Projects

Clean Energy Fuels Progresses 110 MMcf of RNG Dairy Projects

Clean Energy Fuels Corp. (CLNE) is growing its already outsized role as the largest provider of renewable natural gas (RNG) with progress on projects that it said would add more than 110 MMcf of production capacity and a bevy of contracts with the transportation industry. The California-based firm reported that construction of an RNG digester…

September 6, 2022
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