By Subcontractors USA News Provider It’s easy to not fully grasp just how much the world has changed since a 19th-century legislature created the Railroad Commission of Texas to provide order and predictability to a rapidly expanding railroad industry that controlled the flow of goods. When the RRC opened its doors on April 3, 1891,…
By Subcontractors USA News Provider HOUSTON, March 30, 2021 /PRNewswire/ — Marathon Oil Corporation (NYSE: MRO) announced today that it sent an irrevocable notice of its intention to fully redeem its currently outstanding $500 million aggregate principal amount of 2.8% Senior Notes Due 2022 (the “Notes”) on April 29, 2021 (the “Redemption Date”). This transaction…
By Subcontractors USA News Provider The Board of Directors of Royal Dutch Shell plc (the “Company”) has announced the appointment of Sir Andrew Mackenzie as the new Company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021. Andrew will succeed Chad Holliday who will step down on…
By Subcontractors USA News Provider ExxonMobil Issues Statement on Wall Street Journal Report The claims made by an alleged whistleblower, and reported by The Wall Street Journal, are demonstrably false. Actual and provable performance exceeded drilling plans for the Permian, and such performance has been accurately represented to the investment community. The Wall Street Journal has…
By Subcontractors USA News Provider As part of an extensive global review announced earlier this year, the company plans to reduce staffing levels in the United States, primarily at its management offices in Houston, Texas. The company anticipates approximately 1,900 employees will be affected through voluntary and involuntary programs. The workforce reductions are the result…
Darren Woods Discusses Future of Industry and Company With Employees Darren Woods, ExxonMobil’s Chairman and CEO, conducted an Employee Forum recently and discussed the current state of the oil and gas industry, how the company is managing through this unprecedented period, and the company’s future. As a follow-up to the Forum, the following email summarizing…
IRVING, Texas – ExxonMobil and the National Math and Science Initiative (NMSI) are bringing college readiness and foundational education programs to students in Permian-area schools in Midland Independent School District and Ector County Independent School District in Texas and the Carlsbad Municipal School District in New Mexico. Programs to increase college readiness and advance math…
Railroad Commission of Texas commissioners today voted to approve draft changes to the Application for Exception to Statewide Rule 32. The changes play a large role in ongoing efforts at the Commission to reduce the amount of flaring in the oil and gas industry in the state. At today’s Conference, Railroad Commission staff also discussed a…
At a recent meeting of the Texas Railroad Commission, the Texas Methane Flaring Coalition laid out a series of best-practice recommendations for industry and regulators to consider as we all move toward a goal of zero routine flaring in the Permian Basin. We’re proud to add our voice to this diverse group calling for action – everyone from…
The Texas Methane & Flaring Coalition (the Coalition), an alliance of Texas oil and natural gas trade associations and nearly 40 Texas energy companies, today announced they have launched new educational tools and resources for stakeholders, legislators and regulators, and the general public who are seeking to gain a better understanding of issues related to…
The Railroad Commission of Texas has released its latest strategic priorities in regulating the state’s oil and gas industry. The RRC’s Fiscal Year 2021 priorities are outlined in the Oil and Gas Monitoring and Enforcement Plan which can be found on the RRC website at https://www.rrc.texas.gov/media/58340/og-s-plan-fy-2021.pdf Texas’ oil and gas industry is vital to the state’s budget and…
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…
