Oil and Gas
Todd Staples Delivers Texas Oil and Natural Gas Update to North Dallas Chamber of Commerce Annual Energy Forum
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…
New Record: Texas Oil and Gas Industry Paid $16.3 Billion in Taxes and State Royalties in 2019, Most in Texas History
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…
Technology and Innovation in Oil and Natural Gas Revolutionized Modern Life
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…
State Legislators, Academics and Energy Executives Discuss Importance of Oil & Gas Midstream Sector at Kickoff Symposium for Lamar University’s Newly Created Center for Midstream Management & Science
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…
PERMIAN BASIN: GROWTH ON THE HORIZON
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 –…
Oil and Gas Sees Widescale VR Deployment
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 Donates $1 Million to Support Data Science at the University of Houston
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…
OP-ED: Offshore Exploration Promises Jobs, Affordable Energy
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…
A DATA TRANSFORMATION IN AMERICA’S ENERGY FRONTIER
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…
Texas Gained 3,200 Upstream Oil and Natural Gas Jobs in December, 50% of Jobs Recovered
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 to Join Oil and Gas Climate Initiative
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…
10 THINGS YOU MIGHT NOT KNOW ABOUT NATURAL GAS
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…
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