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.Read more
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.Read more
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.Read more
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,Read more
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions. EIA's approach does not distinguish between oil-directed rigs and gas-directed rigs because once a well is completed it may produce both oil and gas; more than half of the wells produce both.
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and it has been the world's top producer of petroleum hydrocarbons since 2013, when its production exceeded Saudi Arabia’s.Read more
Methane emissions from oil and natural gas development may be far lower than previously thought, according to a new peer-reviewed study. Researchers led by Dr. Stefan Schwietzke with the National Oceanic & Atmospheric Administration (NOAA) found that previous high emissions estimates were based on measurements taken during peak events, and do not necessarily reflect average emission rates.Read more
A new study from the United States Geological Survey (USGS) shows that hydraulic fracturing is not a significant source of chemicals and methane in drinking water wells. Instead, the researchers conclude that the low concentration of chemicals and methane in some drinking water wells is most likely naturally occurring.Read more
Nationwide Petition Encourages Powerful Search Engine to Act
DALLAS, May 11, 2017 / PRNewswire-USNewswire/ -- Following Google's recent announcement that the company is making changes to its search engine algorithm to combat "the spread of blatantly misleading, low quality, offensive or downright false information," FrackFeed penned an open letter to Google asking the company to flag the misleading content on anti-fracking websites as fake news. FrackFeed is a project of Texans for Natural Gas, a pro-drilling advocacy group.Read more
Pro-energy, grassroots group launches petition to support natural gas exports from the Port of Brownsville
A new report from Texans for Natural Gas provides a guide to the seven liquefied natural gas (LNG) export facilities that are currently proposed or under construction in Texas. America’s surplus of natural gas due to innovations in fracking and horizontal drilling, along with rising global demand, has made the Gulf Coast a prime location for LNG export facilities. The report, entitled “LNG Facilities in Texas: A Primer,” takes a closer look at these Texas projects and compiles data on their total economic impact.Read more
USGS: Gulf Coast’s Bossier and Haynesville Formations Hold America’s Largest Continuous Natural Gas Resources
According to two new assessments from the United States Geological Survey (USGS), the Bossier and Haynesville Formations that stretch across the Gulf Coast, from Florida through East Texas and South Texas, are estimated to hold 304.4 trillion cubic feet (Tcf) of natural gas. These estimates represent the “largest continuous natural gas assessment” ever conducted by the agency in the United States – a finding so large it prompted Secretary of the Interior Ryan Zinke to tweet, HUGE!Read more
A new poll from the University of Texas finds more Americans support fracking than oppose it, and that support has grown since the Presidential election in November 2016.
According to the poll, 43 percent of Americans support fracking. That’s a three point jump from the poll’s findings last fall, and slightly higher than the 42 percent of Americans who say they oppose fracking. Support for fracking has increased by three percentage points since the fall, while opposition has fallen three points.
Environmental activists in West Texas announced this week that they are relocating to Kansas after failing to stop the Trans-Pecos Pipeline. The announcement comes just months after activists bragged that they were bringing in people from North Dakota to try to shut down energy development in Texas.Read more
This week, at an event hosted by the Sierra Club-backed “Save the RGV from LNG” campaign, two anti-gas activists from Oregon and Maryland spoke about their efforts to halt U.S. liquefied natural gas (LNG) exports. Promoted as a way to “build a resistance” against the three planned LNG export terminals at the Port of Brownsville, the event is another example of out of state activists misleading local Texas communities to promote the anti-fossil fuel “Keep It In the Ground” agenda.Read more
A new peer reviewed study from the University of Texas found that methane in well water from Parker County and Hood County is naturally occurring, and not a result of fracking in North Texas’ Barnett Shale. Notably, the Parker-Hood Cluster has been at the center of the debate on methane contamination from hydraulic fracturing for years, but this finding solidly puts to rest any activist claims that fracking was involved.Read more
New data from the Texas Oil & Gas Association (TXOGA) shows that oil and natural gas development in Texas generated an astounding $9.4 billion in taxes and state royalties in 2016. That comes out to $26 million per day in state and local revenue, even as the industry suffered from a down market.
For months, opponents of the proposed ExxonMobil-SABIC ethylene plant in Portland, Tex., have tried every means possible to block the project, including spreading misinformation about the proposed facility and the 11,000 construction jobs it would create. Now, Portland Citizens United (PCU), the small group that opposes the project, has invited two environmental activists to come speak at an upcoming community meeting, which PCU has organized to attack ExxonMobil’s record and reputation.
SOURCE: Gulf Coast Growth VenturesRead more