Monday, June 23, 2025
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What Does the Railroad Commission of Texas Regulate? Not Railroads

From The Wall Street Journal Ryan Sitton of the Railroad Commission of Texas said there’s a basic frustration with his job: People keep asking him about railroads. “People don’t know the job, and they think we are the train guys,” said Mr. Sitton, an elected commissioner on the state’s oldest regulatory agency, created in 1891. He estimated that only 1

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

While Wall Street Turns its Back, Private Companies Invest in the Gulf of Mexico

From the Houston Chronicle Matt McCarroll’s oil company recently emerged from bankruptcy with one of the largest positions in the Gulf of Mexico and plans to invest $750 million dispatching rigs over the next two years in its first drilling campaign since the oil bust. But McCarroll, CEO of Houston’s Fieldwood Energy, knows Wall Street investors have largely turned their

Pemex Seeks to Achieve Global Oil Company Status

From the Houston Chronicle Talos-led GOM discovery putting wind in Pemex sails Pemex is finalizing a development agreement with a group led by the Houston exploration and production company Talos Energy, which made the discovery last year about 37 miles off the southern Gulf coast of Mexico. It’s expected to be the first major development to move forward since the

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

Strong Oil & Gas Sector Pushes Texas Sales Tax Revenue Up 13% to $2.7 Billion

From the San Antonio Express-News Strong growth in the state’s oil and gas sector helped sales tax revenue in Texas grow by double-digits in April, Texas Comptroller Glenn Hegar said Wednesday. Texas collected $2.7 billion in sales tax receipts last month, up more than 13 percent from the $2.4 billion collected in April 2017, the comptroller’s office said in a

One of Exxon’s Top Women Tests If Big Oil Can Win Big in Shale

From Bloomberg Exxon Mobil Corp.’s Sara Ortwein has delivered some of the energy industry’s biggest engineering feats over a 38-year career. Her newest challenge: Winning in the nimble, fast-moving world of shale. Ortwein’s task is as much cultural as technical. Exxon had given the XTO shale unit she runs a long leash to free it from the parent company’s famously

Keystone Pipeline Ruling Likely to Help Reduce Heavy Oil Discount

From The Canadian Press  CALGARY – A regulator’s lifting of pressure restrictions on the Keystone oil pipeline in the United States earlier this week is expected to help reduce discounts being paid for Western Canadian heavy crude. Matthew John, spokesman for Calgary-based pipeline owner TransCanada Corp., says the order was limited to a small part of the pipeline following a