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…
By News Provider HOUSTON, Dec. 13, 2017 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced its wholly owned subsidiary, DBM Oil Services, LLC (DBMOS), is holding a binding open season to identify interest in a new high-vapor-pressure oil-gathering and treating system serving portions of Reeves, Loving, Ward, and Winkler Counties in West Texas. The DBMOS system is expected to have a gathering capacity…
By News Provider TULSA, Okla. and HOUSTON, Nov. 30, 2017 — Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and Plains All American Pipeline, L.P. (NYSE: PAA) (“Plains”) announced today that BridgeTex Pipeline Company, LLC (“BridgeTex”), owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to…
By News Provider HOUSTON, Sept. 19, 2017 /PRNewswire/ — AIV, LP, a Houston-based global wholesale distributor of valves and actuators for the oil and gas, power generation, chemical, petrochemical, refining, pulp and paper and water treatment industries, has announced plans for a new 320,000+ square-foot facility at 22806 Northwest Lake Drive near Telge Road and Highway 290 in northwest Houston….
The Railroad Commission of Texas (RRC) today announced several actions to speed recovery from the impacts of Hurricane Harvey. These actions will permit energy industry operators under RRC jurisdiction to focus on restoring operations as quickly as possible without compromising public safety and environmental protection. Among the actions taken by the RRC: Temporary administrative filing…
Stacy M. Brown, NNPA There are great opportunities for African Americans and Latinos in the oil, natural gas, and petrochemical industries, according to industry insiders, who are calling on minorities to “get in the game.” “IHS Markit projects that there will be nearly 1.9 million job opportunities over the next 20 years in our…
