Oil and gas index shows Texas producers continuing to recover #OilmanNEWS 2017 November-December Alex Mills Contributors 

Oil and Gas Index Shows Texas Producers Continuing to Recover

WICHITA FALLS—Upstream oil and gas activity in Texas sustained a modest expansion into the 10th straight month in September, according to the Texas Petro Index, which rose to 181.4, 21.4 percent higher than in September 2016 and 22.4 percent higher than in November, when the TPI hit bottom at 148.2. “Crude oil prices in Texas have been the essence of… Read More
Confusion Reigns Supreme In Analysis Of Oil Market #OilmanNEWS 2017 November-December Alex Mills Contributors 

Confusion Reigns Supreme In Analysis Of Oil Market

Conflicting news about crude oil supply and demand created confusion for oil traders last week. In summary: refinery runs were back to normal; petroleum exports set a record; crude oil production had a big increase; oil inventories increased nationwide, but declined at Cushing, as did gasoline and distillate inventories. Sound confusing? It is. However, the bottom line is oil prices… Read More
Low Electricity Prices Doom Two Coal Plants In Texas #OilmanNEWS 2017 November-December Alex Mills Contributors 

Low Electricity Prices Doom Two Coal Plants In Texas

Texas has been blessed with abundant sources of energy. Crude oil and natural gas have made Texas a powerhouse for about 100 years. Coal has been prevalent, too. Now, solar and wind are bringing new sources of power to the Lone Star State’s electric grid. The competition between these energy sources provides consumers with a reliable source of electricity to… Read More
DOE, EPA Take On Energy, Environment Issues #OilmanNEWS 2017 November-December Alex Mills Contributors 

DOE, EPA Take On Energy, Environment Issues

The U.S. Department of Energy (DOE) and the Environmental Protection Agency (EPA) recently introduced two significant policy changes regarding energy following the release of studies that methane and carbon dioxide emissions continue to decline. Energy Information Administration (EIA) said on Oct. 12 “energy-related carbon dioxide (CO2) emissions fell in both 2015 and 2017, and they are expected to fall again… Read More
Texas Petro Index Increase For Ninth Consecutive Month #OilmanNEWS 2017 November-December Alex Mills Contributors 

Texas Petro Index Increase For Ninth Consecutive Month

Stability in crude oil prices in Texas and across the nation has resulted in increased drilling, production, and an increase in the Texas Petro Index (TPI) during the last nine months. A composite index based upon a comprehensive group of upstream economic indicators, the TPI is compiled monthly and authored by economist Karr Ingham. Since April 2016, the spot price… Read More
Congress Begins Work On Tax Reform #OilmanNEWS 2017 November-December Alex Mills Contributors 

Congress Begins Work On Tax Reform

President Trump kicked off his campaign to encourage Congress to begin serious discussions regarding tax reform. U.S. Rep. Kevin Brady (R-Tx.), chairman of the tax-writing Ways and Means Committee, has been advocating tax reform for more than a year. The proposed changes are outlined in his Tax Blueprint, which included a white paper “A Better Way: Our Vision for a… Read More
Oil, Natural Gas Prices Pass Milestones #OilmanNEWS 2017 November-December Alex Mills Contributors 

Oil, Natural Gas Prices Pass Milestones

Crude oil and natural gas wellhead prices crossed a psychological price threshold last week as crude oil closed at $50.41 and natural gas closed at $3.094 on the New York Mercantile Exchange (NYMEX)on Wednesday, Sept. 20. The Energy Information Administration (EIA) released its weekly oil inventory report on Wednesday showing crude inventories rose 4.6 million barrels during the week ending… Read More
Hurricanes Present Huge Challenges To Petroleum Industry #OilmanNEWS 2017 November-December Alex Mills Contributors 

Hurricanes Present Huge Challenges To Petroleum Industry

Hurricane Harvey has presented a challenge for the petroleum industry’s efforts to continue to providing consumers with a safe, reliable, and affordable product during extremely difficult circumstances.  Even though the 50 inches of rain along the Gulf Coast caused some 13 refineries to temporarily cease operations, many are now back online. When Hurricane Harvey hit shore near Corpus Christi on… Read More
Hurricane Harvey Creates Pressure On Gasoline Supply #OilmanNEWS 2017 November-December Alex Mills Contributors 

Hurricane Harvey Creates Pressure On Gasoline Supply

Hurricane Harvey continues to unleash its wrath on the Texas and Louisiana coast, creating serious problems for energy consumers and producers. Since Aug. 25, Harvey’s high winds and heavy rains have caused the temporary closing of some oil and natural gas exploration and production in the Gulf of Mexico and onshore southern Texas, but the major problems have been associated… Read More
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We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.