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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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ConocoPhillips adds to rigs to the Eagle Ford

Eagle Ford news, rig count, oil

ConocoPhillips, a leading independent oil exploration and production company, plans to add two drilling rigs to its Eagle Ford operations as it pivots investment away from deepwater projects toward onshore shale fields, company executives said Thursday. The announcement came during the Houston-based company’s third-quarter earnings call. The rig count, the number of active drilling rigs, in the Eagle Ford peaked ...

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Railroad Commission is accused of pay-for-play politics

Texas Railroad Commission, Sitton

The Houston Chronicle reported today that Texas Railroad Commission candidate Wayne Christian has collected nearly $300,000 in political contributions this year, with almost $190,000 from oil and gas interests. Among the top contributors are Exxon Mobil PAC, Jeffrey Hildebrand (CEO, Hilcorp Energy), and Pioneer Natural Resources. His opponents in the race include Libertarian Mark Miller, Green Party candidate Martina Salinas ...

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4 companies plead guilty to federal clean air violations

clean air violations Texas

BEAUMONT, Texas (AP) — Four companies have pleaded guilty and agreed to pay a total of $3.5 million for criminal clean air violations at two Southeast Texas oil and chemical processing facilities. Papers filed in federal court Wednesday in Beaumont show KTX Limited and KTX Properties Inc. pleaded guilty to negligently releasing hazardous air pollutants in a tank explosion at ...

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