AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids (NGLs) has achieved new record highs, according to a recent monthly energy economic analysis prepared by Texas Oil & Gas Association (TXOGA) Chief Economist Dean Foreman, Ph.D. TXOGA estimates that Texas set new production records in August 2023, with Texas’ crude oil production…
The Lone Star State is booming with job growth in the oil and natural gas industry! According to the Texas Oil and Gas Association (TXOGA), the industry has added a whopping 12,100 jobs in 2023 alone, with 1,200 of those jobs added in August. Todd Staples, president of TXOGA, emphasized the importance of the industry…
According to analysts, a variety of information, such as U.S. inflation data and OPEC’s monthly market report, could impact the price of oil. However, supply-side shortages and economic troubles will ultimately have the most influence on the market this week. Oil prices are currently at levels not seen since November, with West Texas Intermediate (the…
The chairman of the U.S. Senate Foreign Relations Committee has requested an explanation from the top three oilfield services companies in the country regarding their decision to continue doing business in Russia following its invasion of Ukraine. He has also demanded that they commit to stopping all investments in Russia’s fossil fuel infrastructure. Senator Bob…
The oil and gas giant has successfully acquired almost 80 acres of prime land in Bridgeland Central, a highly sought-after planned community that is set to revolutionize the landscape of Bridgeland and Northwest Houston. The owner of this community has confidently positioned it as an urban hub, and we are proud to be a part…
The oil and gas (O&G) industry earned record profits in 2022, providing ample cash flow to fund its strategies in 2023. And while O&G companies recognize geopolitical and macroeconomic uncertainty in the year ahead, they’ve also been given a clear mandate to secure supply in the short term while transitioning to cleaner energy in the…
For the second time this winter, the state’s natural gas supply chain was tested and performed as needed to keep heating and lights on for millions and millions of Texans. Winter Storm Mara swept through Midland, the Dallas-Fort Worth area, and into San Antonio, covering several gas production basins in the state. The key elements…
For solid and consistent business success in a competitive construction market, it’s vital that you remain aware of statistics and data. These recent findings highlight the state of construction around Texas and our nation, which will prove valuable in your decision-making when it comes to partnerships, certifications, and expansion efforts. Whether you are a general…
Houston wears the crown of America’s most diverse city, with ties that stretch to all corners of the world. But the international metropolis is on a quest for another title: the country’s most diverse, inclusive, and equitable city for business. Terence Baptiste, supplier diversity advisor at Chevron, is one of the architects of this vision…
The oil and gas industry has changed a lot over the past few decades due to technological developments, changing economic factors, and increased energy demand caused by changing consumer behaviors. All these changes are leading to exciting new opportunities for engineers and technical personnel. So, if you’re interested in a career in Oil and Gas,…
The Senate Committee on State Affairs held a hearing recently in Marshall, Texas, investigating the expansion of the Environmental, Social, and Governance (ESG) movement. Texas is leading the fight to halt ESG practices, a woke investment strategy that places a priority on subjective environmental and social metrics instead of financial metrics that ensure quality returns…
Crude oil and natural gas production as reported to the Railroad Commission of Texas for September 2022 came from 160,490 oil wells and 87,246 gas wells. The RRC reports that from October 2021 to September 2022, total Texas reported production was 1.5 billion barrels of crude oil and 11.1 trillion cubic feet of total gas….
The American Petroleum Institute (API) recently released a new analysis of the benefits of low-carbon hydrogen produced from natural gas. The study, commissioned by API and conducted by ICF, found that hydrogen produced from natural gas with carbon capture and produced from electricity and other energy sources could eliminate an additional 180 million metric tons…
With Fiscal Year 2022 in the books, the Railroad Commission continued its track record of surpassing critical goals that help protect public safety and the environment while also helping the state maximize the use of its natural resources. The RRC – which regulates the state’s oil and gas industry; critical natural gas infrastructure; intrastate pipelines;…
Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in August by 2,600 jobs from July. July’s gains were revised down to a still-solid 3,100 jobs added. “Upstream employment is growing steadily alongside the world’s demand for affordable, reliable energy. The Texas oil and natural gas industry continue…
The American Petroleum Institute (API) is proud to announce a new initiative, Energy for Veterans, designed to attract more veterans and transitioning service members into meaningful and well-paying careers in the natural gas and oil industry. “Service members and veterans have a distinguished record of serving our country, both at home and abroad. Through their…
Employment in the US oil and gas industry is set to rebound in the coming years and surpass pre-Covid levels, with almost 1.1 million projected workers by the end of 2027, according to Rystad Energy research. The sector shed nearly 200,000 jobs during the pandemic – a whopping 20% of the total workforce. However, on…
Jul 25, 2022 BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back…
The Houston Community College School of Continuing Education faculty and staff are committed to providing outstanding instruction and services to the community in areas such as business, languages, industrial technology & energy, information technology, construction, manufacturing, transportation, public safety, and health. HCC is proud of the expertise its faculty brings to the classroom. Whether changing…
Texas Comptroller Glenn Hegar’s recently released tax collections data reveals that Texas oil and natural gas producers are paying record amounts in production taxes to the State of Texas. According to the Comptroller’s data, in April, Texas oil producers paid a record $666 million to the state in oil production taxes, the highest amount in…
