Texas

Executives in the heart of the Lower 48 oil and gas patch have revised down their forecasts for domestic natural gas prices this year, according to the latest survey of industry activity and sentiment by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, conducts a quarterly survey of about…

Mexico is at a pivotal moment as it gears up for an election next year amid a global rearrangement of supply chains. Ensuring reliable and affordable energy is key to the nation’s success, said participants at the Mexico Gas Summit in San Antonio, TX last week. The country needs investment in its natural gas supply…

Texas natural gas production was down 77 Bcf year/year in March, according to preliminary data from the Railroad Commission of Texas (RRC). Regulators said production was 896 Bcf in March, or about 29 Bcf/d, compared to 973 Bcf, or around 31 Bcf/d, in March of last year. Production in February was 853 Bcf, or around…

Natural gas futures eked out a narrow gain on Monday despite shifts in weather forecasts and continued reminders of robust supplies. Following a 9.8-cent loss Friday, the July Nymex gas futures contract picked up 1.2 cents day/day and settled at $2.266/MMBtu, bolstered by strength in cash markets. August advanced a half-cent to $2.336. At A…

Major U.S. LNG exporters and project developers on the Gulf Coast are exploring how to tackle the costly problem of rising nitrogen and heavy hydrocarbon levels from Permian Basin feed gas. During a panel discussion at the LNG Export Engineering and Construction Conference in Houston last week, management from Freeport LNG Development LP, Sempra Infrastructure,…

FERC staff said approval of a planned expansion of the Tres Palacios natural gas storage facility in Matagorda County, TX, would not significantly affect the quality of the human environment, with appropriate mitigating measures. In the Environmental Assessment (EA) issued earlier this month, Federal Energy Regulatory Commission staff assessed the potential environmental effects of the…

Employment in the Texas upstream oil and gas industry continued to rise in April but at a slower clip than the previous month, according to the latest tally from the Texas Independent Producers and Royalty Owners Association (TIPRO). Direct employment in the exploration and production (E&P) sector totaled 199,400 for the month, up 700 jobs…

The Permian Energy Development Laboratory is working in the largest producing basin in the United States to advance research on renewable energy, emissions management and natural resources. A memorandum of understanding recently was reached between the University of Texas at Austin (UT), six other New Mexico and Texas universities and two national laboratories to advance…

Natural gas midstream company Oneok Inc. on Monday announced that it has agreed to purchase Magellan Midstream Partners LP for $18.8 billion, giving the Tulsa-based firm entry into the transportation of crude oil and refined products. Under the deal, Oneok would acquire all outstanding units of Magellan in a cash-and-stock transaction, resulting in a combined…