blog

Thanksgiving - Brought to You By Oil & Natural Gas

Tuesday, November 14, 2017

How big of a role does the oil and natural gas industry have in American Thanksgiving traditions? Read to find out.

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U.S. to Dominate Oil Markets After Biggest Boom in World History

Tuesday, November 14, 2017

Grant Smith | Bloomberg Markets | November 14, 2017

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

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Texas Oil Companies Add 30,000 Workers in 12 Months

Monday, November 13, 2017

Longview News-Journal | November 7, 2017

Texas oil companies have hired about 30,000 workers in the past year, a sharp turnaround after laying off a third of the industry's statewide workforce during the oil bust that began in late 2014.

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Streak of Improved Upstream Industry Health in Texas Reaches 10 Straight Months

Monday, November 13, 2017

David Bradley | Natural Gas Intel | November 6, 2017

Texas oil and natural gas activity sustained a modest expansion in September, marking the 10th consecutive month of improvement, as the state's producers continue to recover, according to the Texas Petro Index (TPI), a barometer of upstream health.

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Bowling Green Residents Reject Initiative That Would Ban Future Pipelines

Wednesday, November 08, 2017

Tom Henry | The Blade | November 7, 2017

BOWLING GREEN — A citizen-led ballot initiative that calls for a ban on more pipelines transporting natural gas and other fossil fuels through city-owned property was soundly rejected by Bowling Green voters.

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Trial Lawyers' Relentless War On Manufacturers Kills Jobs, Lowers Standards Of Living

Tuesday, November 07, 2017

Linda Kelly | Investor's Business Daily | November 7, 2017

Trial lawyers are waging a reckless assault against American manufacturers in pursuit of a fat payday for themselves. If successful, their relentless quest will have enormous consequences for American workers, shareholders, and consumers.

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Court Upholds Approvals of 3 Projects to Export Natural Gas

Monday, November 06, 2017

Matthew Daly (Associated Press) | Tyler Morning Telegraph | November 1, 2017

WASHINGTON (AP) - A federal appeals court on Wednesday upheld Energy Department decisions approving three projects to export liquefied natural gas, a boost for the Trump administration's strategy to increase energy production and promote exports.

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Exports Giving U.S. Crude a Place to Go

Monday, November 06, 2017

Jordan Blum | Houston Chronicle | November 3, 2017

Houston pipeline and export terminal giant Enterprise Products Partners is nearing completion of its 416-mile Midland-to-Sealy pipeline to carry shale oil from West Texas' booming Permian Basin to the Houston area.

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U.S. Chemicals Are Rocketing Back

Friday, November 03, 2017

Jack Kaskey | Bloomberg Businessweek | November 3, 2017

A decade ago, chemicals were just another fading U.S. manufacturing business. Companies were reluctant to invest in new factories because of soaring prices for the oil and natural gas that serve as both raw materials and power sources. Dow Chemical and others were closing plants and moving production to the Middle East to save money. “The conventional wisdom was we are not going to produce a lot of petrochemicals here,” says Kevin Swift, chief economist at the American Chemistry Council, an industry group.

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Texas Oil and Natural Gas Drive 10 Percent Increase in State Sales Tax Revenue

Tuesday, October 10, 2017

New data from the Texas Comptroller show state sales tax revenue increased over 10 percent in September 2017 compared to September 2016, totaling $2.4 billion. This significant growth in state tax revenue was led by increased spending in oil and gas sectors, along with an almost 36 percent jump in oil and gas production tax revenue, the Comptroller reports.  This revenue helps improve communities across Texas - funding local school districts, allowing for infrastructure investments, and supporting emergency services.

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Methane Emissions from Texas Oil and Gas Continue to Decline

Friday, October 06, 2017

Two of the most prolific oil and natural gas basins in the United States have experienced dramatic declines in methane emissions over the past five years, according to new data released by the U.S. Environmental Protection Agency (EPA).

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Energy Department Data Show Natural Gas Prevents More CO2 Emissions than Renewables

Thursday, October 05, 2017

The increased use of natural gas has proven more effective at reducing carbon dioxide than renewables, according to the latest data from the U.S. Energy Information Administration (EIA).

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University Lands Generated $118 Million in Revenue from Largest Lease Sale Ever

Monday, September 25, 2017

The largest lease sale in University Lands’ history took place last week and resulted in $118 million in revenue, with over 43,000 acres of land leased for oil and gas development in West Texas’ Permian Basin. Held through an online auction platform, the sale resulted in an average leasing price of $2,700, with some lots going for more than $12,000, demonstrating once again the significant benefit oil and gas development delivers for Texas education.

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How Texas Pipelines Keep the Economy Pumping

Friday, September 22, 2017

More than 440,000 miles of pipeline exist in Texas, supporting 165,000 jobs and generating $1.6 billion in state and local tax revenue each year, according to a new white paper from Texans for Natural Gas.

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Texans for Natural Gas Fight Back Against Endangered Species Act Abuse

Monday, September 11, 2017

Members send hundreds of letters to defend Texas energy against extreme environmentalists.

Potential listing of Texas Hornshell, a freshwater mussel, as endangered or threatened could restrict oil and gas development in the Eagle Ford, Permian.

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Environmental Activist Leader Prayed For Harvey To Hit Texas Because Of Its Pipelines

Thursday, September 07, 2017

Tim Pearce, The Daily Caller 09/07/2017

An American Indian environmental activist was “praying” Hurricane Harvey would hit Texas hard in order to disrupt the Valley Crossing Pipeline and cost energy companies more money, according to a Facebook post.

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Texas Drilling Permits up 60 Percent this Year as Permian and Eagle Ford See Growth

Wednesday, August 16, 2017

This week, the Texas Railroad Commission (RRC) released new data showing oil and natural gas drilling permits issued in Texas increased by over 60 percent in July 2017 compared to July 2016. Expectedly, the majority of permits were issued in West Texas’ Permian Basin; however, the number of permits issued for South Texas’ Eagle Ford was not insignificant, accounting for around 23 percent of the total. These numbers mirror production levels reported for each of the regions, with the Permian dominating oil production among shale plays nationwide and crude output from the Eagle Ford rebounding.

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Driven by Oil and Gas, Texas Leads the Country in Economic Growth

Friday, July 28, 2017

Texas has the fastest growing economy in the United States, according to the Bureau of Economic Analysis (BEA). The Lone Star State was driven by gains from the mining sector, which in Texas predominantly includes oil and natural gas extraction and related activities.

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Commentary: Research supports EPA's decision to reconsider Obama fracking rules

Wednesday, June 28, 2017

Last month, researchers published two major studies showing minimal environmental risks posed by oil and natural gas development. These peer-reviewed studies directly contradict two of the main claims leveled by environmental activists – namely, that fracking poses a significant risk to air quality and groundwater.

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Eagle Ford Study Shows Oil and Gas ‘Essential’ to the Livelihood of South Texas

Wednesday, June 21, 2017

The Eagle Ford Shale in South Texas supports over 100,000 jobs and is experiencing “renewed activity,” according to a new study from the University of Texas at San Antonio’s (UTSA) Center for Community and Business Research (CCBR). As Omar Garcia, president and CEO of the South Texas Energy and Economic Roundtable (STEER), said in the study’s press release,

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