Texas

Texas E&Ps Facing Stricter Oversight in ‘Substantial Overhaul’ of Oilfield Waste Disposal

Texas E&Ps Facing Stricter Oversight in ‘Substantial Overhaul’ of Oilfield Waste Disposal

Texas oil and natural gas regulators plan to streamline and modernize how the exploration and production (E&P) industry manages oilfield waste.  For the first time since 1984, the Railroad Commission of Texas (RRC) is updating Statewide Rule 8, which regulates oil and natural gas waste pits and disposal methods. The rule “will undergo a substantial…

October 9, 2023
Mexico State Utility Seeking More Natural Gas from South and West Texas

Mexico State Utility Seeking More Natural Gas from South and West Texas

Mexico’s national utility Comisión Federal de Electricidad (CFE) through its international marketing subsidiary CFE International LLC (CFEi) has put out a bid for proposals for the supply of natural gas from Texas. CFEi is the U.S.-based entity responsible for procuring natural gas to support power generation and other needs in Mexico. The Mexican state giant…

October 3, 2023
Despite Lost Demand, Natural Gas Futures Hold Positive Second Day; Spot Prices Rally

Despite Lost Demand, Natural Gas Futures Hold Positive Second Day; Spot Prices Rally

Natural gas futures forged ahead on Monday, building on the modest momentum gathered late last week after supportive government inventory data and price jumps in Europe. Following a 2.7-cent gain on Friday, the October Nymex gas futures contract settled at $2.639/MMBtu, up two-tenths of a cent to start the new week. November rose 2.7 cents…

September 25, 2023
Freeport LNG Feed Gas Remains Depressed as Vessels Collect Around Texas Coast

Freeport LNG Feed Gas Remains Depressed as Vessels Collect Around Texas Coast

Feed gas nominations to the Freeport LNG facility in Texas remain at a trickle after a significant drop on Sept. 9. Nominated feed gas on the Gulf South Pipeline system, Freeport’s primary supply route, was 203 MMcf/d on Wednesday, according to NGI analysis of pipeline data from Wood Mackenzie. It was around 11% of available…

September 13, 2023
Repsol, Partners Snag South Texas Offshore Acreage for CO2 Storage

Repsol, Partners Snag South Texas Offshore Acreage for CO2 Storage

A partnership led by Spain’s Repsol SA has clinched a contract with Texas officials to store carbon emissions offshore Corpus Christi in an area that covers more than 140,000 gross acres of pore space. According to the project sponsors, the offshore carbon capture and storage (CCS) project would be near more than 35 million metric…

September 11, 2023
Gulf South Feed Gas Flows to Freeport LNG Remain Reduced After Significant Drop

Gulf South Feed Gas Flows to Freeport LNG Remain Reduced After Significant Drop

Flows of feed gas to Freeport LNG dropped over the weekend to the lowest point since the facility restarted production earlier this year, according to pipeline data. Volumes of feed gas on the Gulf South Pipeline system, Freeport’s primary supply route, dropped 76% between Saturday and Monday, according to NGI analysis of pipeline data from…

September 11, 2023
Unlocking Efficient, Less Costly CCS Technology for Natural Gas Sector Moving Closer, Say MIT Researchers

Unlocking Efficient, Less Costly CCS Technology for Natural Gas Sector Moving Closer, Say MIT Researchers

Several carbon capture and storage (CCS) projects are in the works across North America, and researchers may have found a novel way to make them more energy efficient. Researchers from Massachusetts Institute of Technology (MIT) recently highlighted how a hidden function of electrodes can attract carbon dioxide (CO2) emissions, which then could be converted, allowing…

September 11, 2023
Texas Oil and Gas Jobs, Wages Soar in 1Q Ahead of Rig Count, Price Declines

Texas Oil and Gas Jobs, Wages Soar in 1Q Ahead of Rig Count, Price Declines

Employment and wages in Texas’ natural gas and oil industry continued to surge upward in the first quarter, according to new analysis by the Texas Oil and Gas Association (TXOGA). Direct employment in the industry rose 8.1% year/year to 482,557 jobs, according to the TXOGA report based on U.S. Census Bureau and Texas Workforce Commission…

August 30, 2023
PHX Growing Haynesville, SCOOP Royalty Position Amid Natural Gas Price Slump

PHX Growing Haynesville, SCOOP Royalty Position Amid Natural Gas Price Slump

PHX Minerals Inc. is using the current natural gas price downturn to expand its mineral and royalty positions in the Haynesville Shale and South Central Oklahoma Oil Province (SCOOP) plays, management said Thursday. The Fort Worth, TX-based independent agreed to acquire about 988 net royalty acres in the Haynesville and SCOOP from five separate sellers…

August 28, 2023
Heat Propels Natural Gas Futures and Spot Gas Prices, but Cooler Temperatures in the Forecast

Heat Propels Natural Gas Futures and Spot Gas Prices, but Cooler Temperatures in the Forecast

Natural gas futures were higher at the top of the week as searing heat blanketed much of the Lower 48, challenging record power loads and stressing grids. The September Nymex gas futures contract settled Monday at $2.632/MMBtu, up 8.1 cents from Friday’s settlement. October futures climbed 5.2 cents to $2.743. At A Glance: Long-range models…

August 21, 2023