World Oil Like everyone, I’m heartbroken about everything happening in our world right now. As a parent and grandparent, I’m worried about the nation we are leaving for the next generation. In recent years, it has become painfully clear that climate catastrophism has an oversized influence on public policy. An intense focus on reaching the unattainable goal of carbon-zero has
World Oil AUSTIN – At an open meeting of the Railroad Commission of Texas, Commissioner Wayne Christian was unanimously elected Chairman for a second time. Following the vote, Christian released the following statement: “It has been an honor of my lifetime to serve on the Railroad Commission during a historic time for our state and nation,” said Christian. “Now, it
World Oil (Bloomberg) –The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators. Texas Railroad Commissioner Jim Wright, who sits on the powerful agency that oversees drilling in the biggest oil-producing states, advocated tax credits for gas pipelines, storage projects and power plants. Such
Reuters HOUSTON – Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows. Global energy demand has tumbled amid coronavirus-related travel and business restrictions and a glut of
CNBC There are three big things to focus on from OPEC and the G-20 meetings over the next 48 hours: 1) total global output cut, 2) benchmark production levels for those cuts, and 3) the length of time of any formal deal. The Cut Math The world is expected to cut an unprecedented 12 million to 15 million barrels of
Reuters WASHINGTON – Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers. That the concept was even considered at high levels reflects both the depth
Houston Chronicle A new problem attributed to the coronavirus pandemic is slowly brewing out in the oil patch. Pipeline operators with full storage tanks are asking some Texas oil companies to stop production as the ongoing price war between Russia and Saudi Arabia has exacerbated a global supply while the pandemic has dramatically cut global demand. In a Saturday morning tweet,
Journal of Petroleum Technology Oil & Gas Publishers Note: Excellent piece by Steve Rassenfoss. Our host, Michael Tanner, on the 360 Digital Closing Bell reported on the Texas Railroad Commission has been invited to the next OPEC meeting. This is huge! Oil producers have asked Texas regulators to consider bringing back the system created to end a supply glut during
Houston Chronicle South Texas rancher Jim Wright unseated incumbent Texas Railroad Commissioner Ryan Sitton in an upset Republican primary victory. With nearly two-thirds of precincts reporting and Wright had more than 55 percent of the vote in the two-way race while Sitton received nearly 45 percent. Wright, a rancher and oilfield service company owner from Orange Grove, could not immediately
Houston Chronicle U.S. oil companies are wasting a record amount of natural gas instead moving it to market and selling it, a new report from the Energy Information Administration shows. In a pair of industry practices known as venting and flaring, oil companies that don’t have their wells connected to natural gas pipelines either release into the atmosphere or burning
From the Dallas Morning News There’s little question that the oil and gas industry is a major engine that helps drive Texas’ economic growth, providing thousands of jobs and valuable resources. This state needs Texas Railroad Commission members with a keen knowledge of the industry who will work diligently to regulate it in a way that protects public health. Christi Craddick’s
Sitton is Texas Railroad Commission’s first engineer in 50 years Texas Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston this week for An Energy Evening. Sitton was elected to the Railroad Commission in 2014 and is the first engineer to serve on the Commission in 50 years. Texas shale plays have led to a dramatic
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