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Exclusives

Easy to use well economics software provides relevant data in minutes

In a cyclical industry like oil and gas, people generally expect dramatic market fluctuations; however, when the price of oil drops by 50% like it did last year and remains low, companies inevitably struggle.  Modified drilling plans, lower rig counts, layoffs and focus on existing production are some of this year’s themes, and it is the rare oil company that ...

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Quiet hurricane season leaves oil oversupply

A quiet Atlantic hurricane season in the Gulf of Mexico ended Monday without a storm-induced price rise to lift crude oil from its slump. Tropical Storm Bill made landfall on Matagorda Island, Texas, on June 16. It was the only system to hit the Gulf of Mexico in 2015. Bill brought coastal flooding and gusty winds to the Texas coast ...

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Report: Oil, gas helps fund Texas schools

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A report by North Texans for Natural Gas explains how the oil and natural gas industry contributes more than $4 billion per year to the Texas education system. Texas schools benefit from oil and gas royalties that are paid into the state’s Permanent School Fund and the Permanent University Fund. Local independent school districts also benefit from property taxes paid ...

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Top 5 Eagle Ford stories of the week

It’s been an long, eventful week. Sit down and enjoy the weekend with the Top 5 Eagle Ford stories of the week. 5. Oil slides again as focus returns to heavy glut LONDON – Oil prices fell on Thursday, with U.S. crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel. ...

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ND researcher developing smart pipeline technology

A researcher at North Dakota State University wants to create safer oil and gas pipelines. Fardad Azarmi is developing a thermal spray coating that would prevent corrosion inside pipelines. The coating is a mixture of metal and ceramic particles. Sensors that can identify corrosion and measure stress or cracking in critical sections of a pipeline are baked into the coating. ...

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Texas distiller uses solar energy to produce spirits

A Texas manufacturer of premium spirits will be making the most of one of the state’s most plentiful resources: the sun. Witherspoon Distillery recently installed a solar energy system to power production at its facilities in Lewisville, Texas. Austin-based Circular Energy, a national provider of clean energy solutions, designed and installed a 70.4 kW photovoltaic solar energy system this month. ...

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Top 5 Eagle Ford stories of the week

Review the top 5 headlines from EagleFordTexas.com for the week of Nov. 8-14. Enjoy the weekend! 5. Oil tankers queueing in U.S. Gulf seen as symbol of glut HOUSTON – A traffic jam of oil tankers has emerged along the U.S. Texas coast this month, a snarl that some traders see as the latest sign of an unyielding global supply glut. More than ...

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Houston company rewards employees with $100K bonus

Despite steep investment cuts and project cancellations from oil companies around the world, one Texas company awarded employees with a sizable bonus. Hilcorp Energy Co. gave every eligible employee a cash award of $100,000 for meeting its goals set five years ago. The Houston-based energy company’s “Dream 2015” plan was a five-year incentive program that began in 2011 and awarded ...

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