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The onshore oil and natural gas industry is a perfect example of how technology can help an industry evolve. Challenges continue to be answered with solutions provided by America’s vast pool of bright and talented engineers. The industry’s combined efforts have resulted in countless case studies of efficiency: faster...
Campaign Politics: Feeding the Crocodile, Hoping He Eats You Last
In about two months, the election will be upon us. Television, radio, direct mail, and digital ads are in the air (or on your screen). Unfortunately, so is the aroma of political posturing. Pollsters and pundits would have you believe that there is no chance Joe Biden loses to our...
Q&A with Cye Wagner, Chairman of the Board at the Texas Alliance of Energy Producers
Cye Wagner now leads the Texas Alliance of Energy Producers is one of the most long-standing oil and gas industry trade associations in America, with a legacy that goes all the way back to 1930. With more than 2,600 current members, the Alliance is also the largest state-based trade association for...
Oil ministers from the OPEC+ nations are meeting today to review compliance with their ongoing agreement to limit crude oil production and exports.
As menacing as it may be, sand is often required during hydraulic fracturing (fracking) operations. With no alternatives typically available to serve as a proppant, sand is generally utilized along with water to prop open underground fractures for purposes of bringing oil and natural gas to the surface. The unwanted...
Oil Boom Reaches Sudden End
Oil Boom Reaches Sudden End Concerns over the spread of the coronavirus and its dampening effects on global crude demand combined with the irrational actions of Saudi Arabia and Russia in early March caused crude prices to crater. With analysts like Goldman Sachs, along with the U.S. Energy Information Agency...
Trump has started providing lower royalty rates to producers on federal lands who couldn't continue to operate those leases at normal rates.
West Texas has a permanent power problem. According to the Dallas Morning News, the Permian Basin, which produces almost 4 million barrels of oil a day, expanded so quickly that the electricity suppliers who are needed to keep wells running are struggling to keep up. In the article, an oilfield...
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Permian pipeline connections are beginning to bottleneck, as revealed by Kayrros data. The bottleneck is caused by the pipeline capacity reaching saturation, limiting the flow of oil to storage hubs, which comes at a time when Kayrros sees the output from the basin rising in August 2018. Price differentials...
SHALE Featured Website Oil Market Nov Dec 2018
The Texas Alliance of Energy Producers has long been the owner and purveyor of the Texas Petro Index (TPI), an upstream (exploration and production) activity index that tracks growth rates and business cycles in the statewide Texas oil and gas exploration and production economy. The TPI, introduced by the...
Keffer May 2019
One of the benefits of being in charge of the Energy Law program at the law school at Texas Tech is being able to invite energy superstars to speak in our Energy Law Lecture Series. I recently hosted noted author and lecturer Robert Bryce, who is one of the...
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We are going to learn some definitions and terms to help professionals from industries other than those in the energy sector better understand the natural gas side of the petroleum business. When a company goes out to drill a well, they are generally looking for either oil or gas....