Post Tagged with: "Texas"

Texas challenges Biden’s methane rule that is “detrimental” to U.S. oil and gas industry

Texas challenges Biden’s methane rule that is “detrimental” to U.S. oil and gas industry

World Oil


(WO) – The Environmental Protection Agency (EPA) published the Methane Rule in the Federal Register on Friday, March 8. Texas is challenging this rule, which is detrimental to the oil and gas industry, which is not only vital …

Source: Oil Price

Xcel Energy may have triggered wildfires in Texas

Oil Price


Xcel Energy’s facilities in Texas may have been the cause of a spree of wildfires that ripped through the state.

Excel, based in Minneapolis, an electric utility and natural gas delivery company, said it very well may be …

Source: Oil Price

Raging wildfire threatens Texas oil rigs, refinery

Oil Price


Texas Panhandle oil refineries and cattle ranches remain under critical threat as wildfires continue to spread, now consuming 500,000 acres after having prompted the temporary evacuation of the United States’ primary nuclear weapons assembly plant.

Earlier on Wednesday, …

Source: World Oil

Deep freeze across Texas, Louisiana disrupts U.S. LNG exports

World Oil


(Bloomberg) – The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas (LNG), temporarily tightening some supply of the heating and power-plant fuel.

The Cameron LNG export plant in Louisiana canceled at least …

Source: Reuters

Expansion of rice whale’s critical habitat in Gulf of Mexico to negatively impact oil, gas operations, Texas regulator warns

World Oil


AUSTIN- The Railroad Commission of Texas has submitted comments in response to the National Marine Fisheries Service (Service) proposal to designate a huge swath of waters in the Gulf of Mexico – approximately 28,270 square miles – as …

October 13, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Texas natural gas prices turn negative

Oil Price


Mild spring weather with low gas demand combined with pipeline maintenance to drag spot natural gas prices at the Waha hub in West Texas into negative territory this week.

 

Next-day prices for Wednesday at the Waha hub …

Source: Oil Price

Tesla launches construction of lithium refinery in Texas

Oil Price


Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its cars.

 

It is also part of a …

Source: Oil Price

Texas adds HSBC to blacklist of banks boycotting oil and gas

Oil Price


Texas has added HSBC to its list of companies that boycott the oil and gas industry, which could ban Texas government entities from investing in Europe’s largest bank and its funds and other products.

HSBC ended up on …

March 21, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

US natgas down 2% as flows drop to Freeport LNG plant in Texas

Nasdaq


U.S. natural gas futures declined about 2% on Wednesday after data showed the amount of gas flowing to Freeport LNG’s export plant in Texas had dropped and forecasts indicated the weather in the near term would be warmer than …

Source: World Oil

RRC concerned Texas may not be able to maximize federal funds to plug orphaned wells

World Oil


AUSTIN – The Railroad Commission of Texas has filed comments on draft guidance issued by the U.S. Department of the Interior (DOI) for utilizing formula grants to plug orphaned oil and gas wells.

Several aspects of the draft

February 28, 2023 - 1:30 pm Crude Oil News, Energy News, Natural Gas News, Regulatory
Source: Reuters

Texas oil and gas regulators deploy inspectors in response to 5.4-magnitude earthquake near Midland

World Oil


AUSTIN – The Railroad Commission activated personnel on the evening of Dec. 16 in response to a 5.4 magnitude earthquake about a dozen miles north of Midland in Martin County. They will take any necessary actions to protect …

December 19, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Oil Price

Texas senate committee takes aim at BlackRock over ESG policies

Oil Price


The Texas legislature has subpoenaed investment firm BlackRock, together with its subsidiaries and affiliate entities in the state, for documents related to the institution’s promotion of environmental, social, and governance (ESG) policies.

 

The subpoena was issued …

Source: Reuters

RRC Chairman: Oil, gas industry tax revenue generates billions for rainy day, state highway funds

World Oil


(WO) – Texas Comptroller Glenn Hegar announced the transfer of $3.64 billion to the Economic Stabilization Fund (Rainy Day Fund) and $3.64 billion the State Highway Fund (SHF) on Nov. 30.

 

“The transfer $7.3 billion of oil …

December 2, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

Biden administration quietly approves huge Texas oil export project

World Oil


The Biden administration has approved plans to build the nation’s largest oil export terminal off the Gulf Coast of Texas, which would add 2 million barrels per day to the U.S. oil export capacity, The Texas Tribune and

November 28, 2022 - 9:30 am Crude Oil News, Energy News, LNG, Offshore, Pipeline News
Source: World Oil

Six state races to watch that will help define US energy transition

World Oil


(Bloomberg) – Months after the Biden Administration passed sweeping climate legislation, the battle to determine how quickly the US transitions away from fossil fuels hinges in part on local and state-level ballots.

In some races, voters are choosing …

Source: Oil Price

Texas natural gas prices sink close to zero

Oil Price


While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday.

 

Flourishing natural gas production …

Source: World Oil

State oil and gas regulatory chairman commends industry’s contribution to Texas

World Oil


AUSTIN – Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 (FY 22) state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state.

The oil production tax generated $6.36 billion up 84% from …

Source: World Oil

Texas to begin plugging 800 orphaned wells with $25 million of federal funding

World Oil


WASHINGTON — The Department of the Interior announced that Texas has been awarded an initial grant of $25 million from the Infrastructure Investment and Jobs Act to begin work to plug, cap and reclaim orphaned oil and gas …

August 26, 2022 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
World Oil

Oil and gas production creates record tax revenue for State of Texas

World Oil


AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry.

 

“Despite President Biden’s delusional desire to …

Source: World Oil

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach

World Oil


AUSTIN – The U.S. Supreme Court’s decision on the Environmental Protection Agency’s (EPA) federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers who simply need cheap, plentiful …

Source: Reuters

Texas proposes rules to ready natgas industry for weather emergencies

Reuters


The Texas Railroad Commission, which oversees the state’s oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time of the year.

The proposed rule is the latest in …

Source: Reuters

Texas power use hits monthly record again with many more to come

US News


Power demand in Texas reached the highest level ever recorded in the month of May on Tuesday and will likely break the record for June on Wednesday as economic growth boosts overall usage and hot weather causes homes

June 1, 2022 - 2:30 pm Closing Bell Story‎, Energy News, Power Generation
Source: Bloomberg

Texas Bitcoin miners seek tax break for using trapped well gas

World Oil


(Bloomberg) — The Texas cryptocurrency industry is lobbying state lawmakers to introduce legislation that would eliminate taxes on sales of flared gas that’s used to mine Bitcoins, seeking to reduce costs and lure more miners to the Lone …

Source: World Oil

Texas asks 19 finance firms for details on fossil-fuel stances

World Oil


(Bloomberg) — Texas is seeking information from more than a dozen major finance firms on whether their operations discriminate against the fossil-fuel industry.

The state’s comptroller wrote to 19 businesses seeking clarification of their fossil-fuel investment policies and …

Source: World Oil

Texas, 14 other states sue EPA over ‘war against Texas oil and gas’

World Oil


Texas Attorney General Ken Paxton is leading a 14-state coalition challenging the Biden Administration’s Environmental Protection Agency (EPA) regulations on vehicle emissions. Paxton says President Joe Biden’s ‘bureaucratic decrees’ micromanage cars’ and trucks’ greenhouse gas emissions, which exceeds …

March 1, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Reuters

Texas natural gas production falls as freezing weather sets in

World Oil


Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest …

Source: Reuters

Texas approves more power market rules to avoid another February freeze

Reuters


Dec 17  – The Public Utility Commission (PUC) of Texas has approved more reforms to improve power market reliability and help avoid price spikes and outages like those seen during last winter’s February freeze.

The rulings on Thursday were …

December 17, 2021 - 1:30 pm Closing Bell Story‎, Energy News, Power Generation
Source: Fox Business

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Fox Business


Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy …

Source: CNBC

Tesla files to become an electricity provider in Texas

CNBC


Tesla wants to sell electricity directly to customers in Texas, according to an application filed by the company this month with the Public Utility Commission there.

The application follows the start of a big battery build out by Tesla …

August 27, 2021 - 12:00 pm Closing Bell Story‎, Energy News, Power Generation
Source: Reuters

ERCOT unveils plans to improve Texas power grid reliability

Nasdaq


Grid operator Electric Reliability Council of Texas on Tuesday unveiled plans to address operational improvements, which include purchasing more reserve power and reviewing the need for on-site fuel supplies for some generators.

After a rule change, ERCOT suggests power …

July 13, 2021 - 2:30 pm Closing Bell Story‎, Energy News, Power Generation