Magellan and Valero Announce Joint Storage Facility in Texas #OilmanNEWS 2017 November-December Texas 

Magellan and Valero Announce Joint Storage Facility in Texas

Magellan Midstream Partners, L.P. and Valero Energy Corporation announced on September 14 that they would be working together to expand and develop the marine storage facility along the Houston Ship Channel in Pasadena Texas. Ownership of the facility will be split 50/50 between Magellan and a Valero subsidiary, and it is expected to have a storage capacity of five million barrels… Read More
Recovering from Hurricane Harvey – The Aftermath Phase #OilmanNEWS 2017 November-December Texas 

Recovering from Hurricane Harvey – The Aftermath Phase

Disaster response and business continuity focus on the immediate response during the event and long-term recovery. However, critical to this process is the immediate aftermath and short term, because there are very low levels of law and order, infrastructure and organization; the ability to secure human capital (people), assets and infrastructure are essential to ensure a smooth and effective recovery.… Read More
Harvey Creates Issues for Texan Oil Industry #OilmanNEWS 2017 November-December Downstream Texas 

Harvey Creates Issues for Texan Oil Industry

The catastrophic flooding and high-velocity winds accompanying Hurricane Harvey had overarching effects on both residents and businesses in the Gulf Coast area, particularly in Texas. The difficulty for oil and gas firms is mainly concentrated within the downstream portion of the market as refineries have been unfortunately positioned to face the brunt of the storm. CNN Money reports that ten… Read More
Harvey Creates Issues for Texan Oil Industry #OilmanNEWS 2017 September-October Fullstream Louisiana Texas 

US Gulf Coast Prepares for Hurricane Harvey

Oil and natural gas companies on the Texas coast were preparing for the arrival of Hurricane Harvey Thursday, with some shutting operations and evacuating personnel, sending gasoline prices higher. Hurricane Harvey was also beginning to impact the flow of crude and refined products traffic into and out of the area, while oil and natural gas operators in the Gulf of… Read More
WolfePak Software’s Charlie Wolfe Steps Down as CEO #OilmanNEWS 2017 September-October People Texas 

WolfePak Software’s Charlie Wolfe Steps Down as CEO

WolfePak Software LLC, a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry, announced that founder and CEO Charlie Wolfe is stepping down as the CEO of the company. Wolfe remains a significant shareholder and member of the WolfePak board of directors, and becomes a senior adviser to the company. “In his new role,… Read More
Texas is a Top Net Energy Supplier Among States #OilmanNEWS 2017 July-August Texas 

Texas is a Top Net Energy Supplier Among States

EIA recently released State Energy Data System estimates for net energy supply, which provide data on each state’s total primary energy production and consumption. Wyoming, Texas, Pennsylvania, West Virginia, and North Dakota ranked as the top five net suppliers of energy in 2015. Overall, 12 states produced more primary energy than they consumed, while 38 states and the District of Columbia were… Read More
oilman magazine news 2017 July-August Texas Upstream 

Weir Oil & Gas Completes Acquisition of KOP Surface Products

Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, today announced it has completed its acquisition of KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services. The acquisition, announced in mid-June, reflects Weir’s commitment to global expansion, with a significant focus on Asia Pacific. The value of… Read More
ConocoPhillips Releases Financial Report for Second Quarter #OilmanNEWS 2017 September-October Texas Upstream 

ConocoPhillips Releases Financial Report for Second Quarter

ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm has, like many of its competitors, been attempting to improve its financial position during these past few years as the oil price has lingered around a relatively low position. As large oil and gas companies… Read More
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