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Tag Archives: Texas

Rig count drops in the Permian

The Permian Basin’s rig count dropped by 20 to 548 last week, according to Baker Hughes weekly rig count.  District 8, which includes Midland County, is down 19 rigs to 316. Statewide the Texas rig count was down 24 rigs as of last week, bringing the total to 872. In Texas’ Eagle Ford shale the rig count dropped by two, ...

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New plant approved in Corpus Christi will create new jobs for local economy

Last Friday, the U.S. Environmental Protection Agency (EPA) gave a final approval for construction to begin on a new condensate splitter plant Corpus Christi, Texas. The EPA issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to Magellan Processing, L.P. The company plans to build the new plant at the company’s existing terminal in Nueces County. ...

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West Texas Energy Consortium snags outreach award

jack

ABILENE, Texas — The West Texas Energy Consortium recently received the Industry Sector Outreach Award from the Texas Workforce Commission at the Annual State Conference in Grapevine. The award, which honors significant workforce efforts in targeted occupations and positive effects for employers, includes a $30,000 endowment and recognizes the success experienced in a single year with the consortium’s “exceptional, integrated ...

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Another company expands in West Texas

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EagleClaw Midstream Services LLC, a company backed by EnCap Flatrock Midstream, has purchased multiple natural gas properties in West Texas. The price of the acquisition was not disclosed. The properties, which are located in Reeves County, consist of more than 50 miles of gas gathering pipelines and a refrigerated Joule-Thomson plant with the capacity to process 15 million cubic feet ...

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Average retail gas prices across Texas fall to $2.40

gas

IRVING, Texas— Retail gasoline prices across Texas continue to plummet, settling this week at $2.40 per gallon. AAA Texas on Thursday reported unleaded prices fell from the statewide average of $2.50 recorded a week ago. Retail prices at this time last year stood at $3.10. The national average also continues to fall, with the price this week reported at $2.62. ...

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$2 gas and booming shale, it’s too good to be true

canola

According to the Energy Information Administration (EIA) it is possible for Texas to have $2 gasoline whiling continuing crude oil production. In the EIA’s short-term energy outlook report, which projects energy production and prices for 2015, Texas will be paying $2 a gallon for gasoline and crude oil production will continue, but at a slower pace. The average national gas ...

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The RRC ponders their responsibility to urban inspections

oil trains

The bustle of the boom isn’t just limited to rural Texas anymore. Aside from the obvious economic and population influx that regions feel, literal drilling operations and petroleum transportation are continuously impacting higher populated areas in the Lone Star State. Today, Chairman Christi Craddick urged the Railroad Commission’s Executive Director to explore the potential need for a new round of inspections ...

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UT researchers say gas production could plateau in coming decades

natural gas

University of Texas researchers conducting a long-term study say natural gas production from some of Texas’ major shale plays could peak within a decade, casting some doubt on federal estimates that envision a continual increase through 2040. The UT findings contrast with more bullish, broader forecasts by federal researchers, suggesting long-term uncertainties with energy development, even as Texas finds itself ...

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