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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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Noble Energy to acquire Clayton Williams Energy

rig count

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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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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Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Activity up, hiring increases in the Bakken

top 5 bakken stories of the week

Oil companies are hiring in the Bakken, and more jobs are expected to open up next year, according to the Bismarck Tribune today. Job Service North Dakota announced six oil companies are looking for workers to man fracking crews in the new year, said Cindy Sanford, customer service office manager of Job Service’s Williston branch. She said she couldn’t reveal ...

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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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Aggreko’s automated power control kit cuts fuel costs

power automation, aggreko

Houston–Power generation and HVAC specialty rental company Aggreko, plc has launched a unique power automation system that eliminates idling and saves up to 65% in fuel costs. The unique technology also reduces emissions, regardless of the fuel source. Aggreko’s scalable power automation systems can be retrofitted on diesel and natural gas generator sets and incorporates a hybrid battery control kit ...

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Edwards vs. Landry in Louisiana O & G lawsuits

Louisiana wetlands

It doesn’t seem to be as much a battle between environmentalists and big oil as it does about a battle between Louisiana Gov. John Bel Edwards and Louisiana Attorney General Jeff Landry. The Louisiana Record reported Dec. 4 that the standoff between the two officials is partly due to the reversal of Judge Stephen Enright Jr.’s decision to allow Jefferson ...

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Corps denies easement for DAPL

pipeline, Dakota Access

Over the weekend, attention in the oil and gas industry was turned to the Dakota Access Pipeline (DAPL) protest. Protesters celebrated a standoff near Cannonball that ultimately led to the announcement by the Army Corps of Engineers to deny the easement that would allow the almost complete pipeline to cross under Lake Oahe in North Dakota. Assistant Secretary of the ...

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