Increased exports of natural gas have not led to increases in domestic natural gas prices in the United States, according to a review by Texans for Natural Gas. The finding contradicts prior government modeling and claims from environmental critics, who have warned repeatedly against approving LNG export facilities on the basis that they would cause price spikes for consumers.Read more
The U.S. Senate passing the tax reform bill is pro-growth legislation that would help the domestic oil and gas industry, Jack Gerard, President and CEO of the American Petroleum Institute (API), said after the Senators passed the sweeping tax reform on Saturday.Read more
SABINE PASS, La. - In 2011, Cheniere Energy was a little-known company with big ambitions when it signed an $8 billion contract that would transform the United States into an exporter of liquefied natural gas after decades of relying on foreign suppliers.Read more
The U.S. Environmental Protection Agency (EPA) praised the Railroad Commission of Texas (RRC) this week for its work to protect underground drinking water sources, citing the efforts made in the RRC’s Underground Injection Control (UIC) program. The commendation was part of EPA’s Fiscal Year 2016 End-of-Year evaluation of the Texas UIC program, the conclusions of which were presented by Lori Wrotenbery, Director of the Oil and Gas Division for RRC, at a Commission open meeting this week.Read more
In 2016, U.S. coal production decreased 18.8 percent year-over-year to 728.4 million short tons, the lowest annual production level since 1979, according to the U.S. Energy Information Administration (EIA).Read more
Corpus Christi’s Port Enhancement Projects will Allow Very Large Crude Carriers to Enter the Port Empty and Leave Fully Laden
Texas crude oil is being shipped worldwide at ever higher rates as foreign markets get used to the taste of light sweet crude. Port Corpus Christi, a major refining center on the U.S. Gulf Coast, is now becoming a major hub for U.S. crude oil exports.Read more
Texas is the most attractive area for oil and gas exploration and production investment according to the latest annual Fraser Institute Global Petroleum Survey. Compiling responses from oil and gas executives and managers around the world, Texas received a perfect rating of 100.00, an improvement from previous years and allowing it to dethrone Oklahoma as the most desirable region in the world for oil and gas investmentRead more
A recent report from the Environmental Defense Fund (EDF) claims that venting and flaring in West Texas’ Permian Basin is taking place at much higher rates than reported, but recent data show that oil and natural gas operators are already effectively limiting methane emissions in the region – even as production has increased.Read more
Nebraska Commission Approves Keystone XL Route, Clearing Obstacle for TransCanada's Hotly Disputed Oil Pipeline
- Nebraska regulators on Monday approved a route for the Keystone XL pipeline, clearing a major hurdle for the nearly 1,200-mile project.
- The project faced opposition from some Nebraska landowners and environmentalists.
- The Obama administration blocked the project, but President Donald Trump overturned the decision in the opening days of his presidency.
How big of a role does the oil and natural gas industry have in American Thanksgiving traditions? Read to find out.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more