Taking advantage of 21st century technology, the Railroad Commission of Texas launched a statewide drone inspection team last month. Drones will help inspectors to quickly respond and inspect sites that are unsafe or inaccessible during emergencies such as fires, flooding and other natural disasters. Drones can also assist in situations, such as the current COVID-19 pandemic,…
Data from the Workforce Commission indicates that employment in Texas’ upstream oil and natural gas activities fell significantly in April. Compared to March 2020 levels, April upstream employment was down by 25,800 jobs. Compared to the same month in 2019, April 2020 jobs were down 47,200, or 20%. At a total of 192,600 jobs, this…
ConocoPhillips is taking steps to support and sustain its global workforce, communities and health care professionals during the coronavirus pandemic. With thousands of its people working from home and thousands more practicing social distancing in the field, the company is focused on its core job: to safely find and deliver energy to the world. “Throughout…
An alliance of Texas oil and natural gas trade associations, along with nearly 40 Texas energy companies, today announced they have formed a coalition to work together on environmental progress. Focused on industry-led solutions to minimize flaring and methane emissions, the Texas Methane and Flaring Coalition (the Coalition) will collectively identify and promote operational and…
HOUSTON – ConocoPhillips (NYSE: COP) announced today that its board of directors has elected Mr. David T. Seaton and Mr. Al Walker to serve as board members. Mr. Seaton served as chief executive officer of Fluor Corporation from 2011 to 2019, and as chairman from 2012 to 2019. Mr. Seaton joined Fluor in 1985 and held…
Texas Oil and Gas Association (TXOGA) President Todd Staples delivered an update on the state of the Texas oil and natural gas industry today at the North Dallas Chamber of Commerce’s Annual Energy Forum. Staples discussed the role the industry plays in powering the economies of North Texas and the entire state, as well as…
Billions in oil and gas taxes and royalties directly support Texas schools, teachers, roads, infrastructure and healthcare facilities Texas ISDs received $1.54 Billion, Counties received $398.7 Million in oil and gas property taxes According to just-released data from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid more than…
Few industries can match the rapid rise of technology and innovation of the Texas oil and natural gas industry. From the state’s first gushers to modern day hydraulic fracturing, a relentlessly pioneering spirit has been the driving force for the industry that has defined Texas. Over the decades, as technology evolved, game-changing innovations gleaned from…
The importance of the midstream sector of the Texas oil and natural gas industry and its role in connecting record production of oil and natural gas to the downstream advances in refining and liquefaction technologies was examined today at the kickoff symposium for the newly created Lamar University Center for Midstream Management & Science. The…
For decades, the Ghawar field in Saudia Arabia stood alone as the most productive energy resource on the global stage – a behemoth of energy supplying much of the world’s demand. This year, though, marked an unprecedented shakeup in the energy ranking with a resurgent Permian Basin outpacing Ghawar in production. The Permian Basin –…
The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain. That’s according to GlobalData, which has produced a new report exploring how VR is finding its way into the upstream, midstream and downstream sectors. In the report, the company identified the following oil and gas players among…
ConocoPhillips (NYSE: COP) today announced a $1 million contribution to the University of Houston’s College of Natural Sciences and Mathematics (NSM) to help meet growing demand for data science education. This donation marks the first of several planned contributions by ConocoPhillips to support data science curriculum at multiple universities. The contribution to the University of…
Strong U.S. natural gas and oil production is revitalizing communities in state after state. It’s well-known that increased energy production has cut costs for families – at the pump and in-home utility bills. But leading the world in production has also given U.S. businesses a leg up, generating a manufacturing resurgence. To list just a…
Welcome to the oilfield of the future, where wells across hundreds of miles communicate with each other and operators can rely on data-driven insights and real-time automation to make faster, smarter decisions. Often found in remote corners of the world, these fields of the future will rely on a similar digital network that everyday consumers…
AUSTIN – Upstream* oil and natural gas employment rebounded with a 3,200 job gain in December, offsetting the 300 job drop in November, according to data from the Texas Workforce Commission. Texas has recovered 50% of jobs lost between the high point in employment in December 2014 and the low point in September 2016. Since the…
ExxonMobil today said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions and…
Natural gas – it heats our homes, powers our appliances, generates electricity and can even fuel vehicles. This versatile and abundant resource is helping to drive a manufacturing renaissance across America and contributing to emissions reductions all over the world. Though natural gas is in the news quite a bit, many people only associate it with home…
The empowerment of women in business is a passion that Brenda Erickson has carried throughout a career that has spanned more than three decades. That passion recently earned her recognition as one of the Top 30 Influential Women in Houston. Brenda has mentored more than 100 colleagues through their careers at ConocoPhillips. Additionally, she has…
AUSTIN – Texas oil and natural gas companies added 800 upstream jobs* in July, marking the 20th consecutive month of job growth, according to data from the Texas Workforce Commission (TWC). Texas has recovered 43% of jobs lost between the high point in employment in December 2014 and the low point in September 2016. Since…
Subcontractors USA News Provider Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, announced recently that it has signed a definitive agreement to acquire oil and natural gas properties primarily in Montague, Wise, Denton and Cooke Counties in Texas for approximately $230 million, subject to customary purchase price adjustments. The transaction represents Lime Rock Resources’ first…
