Distilled Spirits
Distillers in Texas continue to experience rapid growth, as evidenced by a recently released study by The University of Texas at San Antonio Institute for Economic Development, highlighting the economic impact on the state. For example, in 2008, only six distilleries reported production in Texas. By 2017, that number...
Managing Safety Amid New Challenges
Dell recently ranked oil and gas production among the top 20 most rugged jobs in America. The list evaluated the physical labor, risk of fatality and injury, and environmental exposure that workers encounter daily. These conditions push mental and physical limits, but a context that is often overlooked is...
Energy Density Trumps Climate Policy
Energy Density Trumps Climate Policy Fossil fuels are winning in consumer-driven, taxpayer-friendly energy markets, clouding political attempts to control greenhouse gas emissions associated with natural gas, coal and oil. Despite governmental policies to shift grid electricity to wind and solar, and to jump-start electric vehicle markets, it is still a...
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...
Shale producers are conducting some difficult earnings calls
Shale Play Energy Updates Note: Recent events surrounding the global coronavirus pandemic and the collapse of the OPEC+ export limitation agreement have disrupted the normal course of business in the U.S. shale industry. At the time of this issue’s publication, shale producers were universally focused on restructuring their capital budgets...
Clayton Williams
Clayton Williams - Legendary Texan This past February, Texas lost one of the great characters that made it a successful state. Clayton “Claytie” Williams died in Midland, Texas on Feb. 14, 2020. This article is not written to be an obituary but as a series of recollections of my memories...
Advocacy Mixer
TEAC hosts an Advocacy Mixer in Houston Texas Energy Advocates Coalition (TEAC) hosted an energy advocacy mixer on Feb. 20 at Fogo de Chao in Houston to touch on the importance of coming together as energy advocates and spreading awareness on the impact of the energy sector on our community...
Seamless Invoicing
Meet the Demand to Improve Liquidity with Seamless Invoicing If you were to pick the singular, culture-defining moment that transformed the business environment in the decades bracketing the turn of the millennium, you would have to choose technology for the many ways it streamlined operational processes. Two decades later, we are...
WEN South Texas
Previous Next WEN South Texas Hosts: From the Wellhead to the Water More than 75 people attended the Feb. 27 luncheon featuring Sean Strawbridge, CEO, Port Corpus Christi, and he had a lot to say. As the keynote speaker of the event, Sean Strawbridge mentioned the upcoming elections and the concern over the...
One of the many outcomes of the COVID-19 pandemic is that the cost of shipping crude oil overseas has collapsed. According to a report in the Wall Street Journal today, the average price for chartering oil tankers has fallen by 77% since March as a result of the massive cuts in supply in response to the crash in oil prices.
These are extraordinary and unprecedented times for the oil patch. The world is awash in crude oil from the only-recently paused price war between Russia and Saudi Arabia. That supply glut has been combined with a massive demand drop as economies around the world have been shut in and shut...