Railroad Commission of Texas Releases State Oil and Gas Production Statistics for March 2024
Statewide and county crude oil and natural gas production for March 2024 came from 163,674 oil wells and 84,739 gas wells, the Railroad Commission of Texas announced.
Project Canary and Houston-Based Tachyus Announce Partnership
The agreement, which expands Project Canary’s multiple technology partnerships, combines Project Canary’s unique Carbon Portal features with Tachyus’s leading GHG regulatory reporting features for clients in the oil and gas sector.
ONEOK Completes Acquisition of Gulf Coast NGL System
ONEOK, Inc. announced that it has completed its acquisition of a system of natural gas liquids (NGL) pipelines from Easton Energy for approximately $280 million.
Noble Corporation PLC Announces Agreement to Acquire Diamond Offshore Drilling, Inc.
Noble Corporation PLC and Diamond Offshore Drilling, Inc. announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.
Emphasis on Safety Earns TXOGA Workers’ Compensation Safety Group Members $3.84M Dividend from Texas Mutual
The Texas Oil & Gas Association’s Workers’ Compensation Safety Group announced that member companies collectively earned $3.84 million in dividends from Texas Mutual Insurance Company for prioritizing workplace safety and keeping the group’s loss ratio low.
Lamons to Acquire ModuHouston Location from Modumetal
Now known as ModuCoatings, ModuHouston is a location that provides coating application of the field-proven NanoGalv® zinc-nickel plating system for bolting and fastener applications.
Diamond Offshore Announces New Drillship Commitment
Diamond Offshore Drilling, Inc. announced that it has executed a two-year contract extension with Anadarko Petroleum Corporation.
Gray Oak Pipeline LLC Announces Binding Open Season
Gray Oak Pipeline, LLC, a joint venture among the pipeline system’s owners, announced Thursday a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day.
Resilient Energy Inc. Announces Major Breakthrough
Resilient Energy, Inc., also known as RENI, announced an inaugural order received by its recently acquired powerhouse, Challenger Aerospace & Defense, Inc (“CADI”).
Bolivia Switches to Argus for Oil Pricing
Bolivian state-owned oil company YPFB has switched to global energy and commodity price reporting agency Argus as the basis for pricing imported supplies of crude and petroleum products.
Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners
In addition to being a strategic investor through the consortium, JX will add its expertise to the company’s LGF project, leveraging its carbon capture and sequestration (CCS) experience gained in building and operating the Petra Nova Carbon Capture, Utilization and Storage (CCUS) project near Houston.
Texas Oil and Gas Production Records Tumbled in 2023
Texas’ major energy industry reached new peaks last year with records set for both oil and gas production.
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