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Texas rig count ramp up continues

baker hughes rig count

This week’s Baker Hughes North America Rotary Rig Count showed another week of increases in Texas, with an addition of 11 new rigs exploring for oil and gas. The U.S. total rigs is now 870, up 13 from last week. Nine of those rigs are exploring for oil, while 4 are searching for gas. The Gulf of Mexico lost 3 ...

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Epic pipeline from Permian to Corpus Christi announced

Epic pipeline, Permian pipeline

Yet another pipeline is in the works. A 730-mile cross-Texas pipeline would take crude oil and condensates from the Permian Basin to the Port of Corpus Christi and other area drop-offs. The so-called Epic Pipeline would have a maximum capacity of 440,000 barrels per day with crude pickup points include Orla, Pecos, Crane and Midland, according to a news release. ...

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Coal dominates in Texas as energy source

wind, texas, texas energy

According to the Electric Reliability Council of Texas, coal was the number one energy source for Texas in January, reports FuelFix. Coal provided nearly 36 percent of Texas’ energy, followed by natural gas at 30 percent and wind at 20 percent. Natural gas prices increased in January, which led to higher demand for the cheaper coal. Typically, natural gas is the dominant source ...

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Texas RR commissioner Sitton’s ethics questioned

Texas Railroad Commission, Sitton

When Rex Tillerson, the former CEO of ExxonMobil, was picked by President Trump as secretary of state, immediately there were questions about potential conflicts of interest and the oil tycoon’s ability to made conflict-free decisions in his new role. So he agreed to sell more than 600,000 shares of his company, worth more than $54 million. He gave up potential ...

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Weatherford cuts 3,000 jobs

Texas oil, pumpjack

Weatherford International plans continued cost cuts to bring its net debt from $6.5 billion at the end of 2016 to less than $3 billion over the next four years, said CEO Krishna Shivram on a Feb. 2 conference call, reports the Houston Business Journal. Part of the plan to reduce costs comes in the form of job cuts. The company ...

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Exxon Mobil joins Permian land rush

oil derrick

Exxon Mobil announced Tuesday it will sell $5.6 billion in stock to acquire companies that control prime areas of oil and gas real estate in the Permian Basin. The company estimates that 60 billion barrels of oil reside under the land included in the oil and gas interests soon acquired from Fort Worth’s Bass family. About 3.4 billion barrels is ...

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Starry, Starry Night . . . Oh Wait, That’s a Light Tower

Dark Skies Initiative, light pollution, LTR

Sponsored Content “The stars at night, are big and bright, (clap, clap, clap, clap), deep in the heart of Texas.” Well, not all the time. But if some professors, astronomers, and oil and gas companies have their way, the stars will be as bright as fresh mountain snow. If anyone has ever driven out to the drilling fields of west ...

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Chesapeake sells Haynesville assets for $450m

Chesapeake

Chesapeake Energy Corp. (NYSE: CHK) will sell a portion of its acreage and producing properties in northern Louisiana’s Haynesville Shale for about $450 million, the Oklahoma City-based company announced Dec. 5, according to a recent article in the Houston Business Journal. While the HBJ said the buyer was undisclosed, Reuters sources revealed the buyer as Indigo Minerals LLC, a competing natural gas producer. ...

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2016 Texas Oil & Gas Awards Winners Announced

oil and gas awards

The 4th annual Texas gala ceremony was held in Houston on November 3rd at DoubleTree by Hilton Houston Greenway Plaza where hundreds of oil and gas executives gathered together to celebrate leading companies in operational excellence, innovation, corporate social responsibility, health and safety as well as environmental stewardship. Congratulations to our 2016 Texas Oil & Gas Awards Winners: Trucking Company of ...

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