A Proration Order and its effect on TexasThe Texas Railroad Commission (RRC) posted its draft order on oil proration at its website on Wednesday. Shale Magazine reached out to key representatives of the Texas industry and other interested groups for their reactions.Here is what they had to say:Karr Ingham,...
In advance of its scheduled May 5 hearing on whether to enforce production limits on Texas oil production, the Texas Railroad Commission published a proposed order at its website on Wednesday.
If adopted, the order would do the following:
- Make a finding that the imminent filling of domestic storage for...
10 Things You Should Know About Oil and Gas Today
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Moda Midstream, a liquids terminal operator headquartered in Houston, met a very timely milestone on Tuesday. The company announced the completion of its new, 10 million barrel-capacity crude oil storage factility located across Corpus Christi Bay from the...
10 Things You Should Know About Oil and Gas Today
The Big Story
Lots of media speculation today about the Trump Administration's action - or rather, inaction - thus far in relation to the crashing oil and gas industry in the U.S. Treasury Secretary Steve Mnuchin keeps talking about providing liquidity...
10 Things You Should Know About Oil and Gas Today
The Big Story
As a 50-million barrel bomb of Saudi-produced crude oil heads towards the United States aboard about 20 oil tanker ships, we now see reports of domestic oil refineries "at the breaking point," having to store already-refined products that...
Here are 10 Things You Should Know About Oil and Gas Today.
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As the Trump Administration sits on its hands while the U.S. shale industry burns to the ground, presumptive Democrat presidential nominee Joe Biden senses political opportunity. On Wednesday, Biden rescinded the promise he had made during...
Crude oil prices are having a hard time. The oil price war that sprang up between Saudi Arabia and Russia caused prices to fall. This was followed immediately by the worldwide lockdown to keep the coronavirus in check. The effort seems to be helping, but it pushed energy demand...
Here are 10 Things You Should Know About Oil and Gas Today:
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The Texas Railroad Commission met again on Tuesday to consider the proposal raised by Pioneer Natural Resources and Parsley Energy to use its authority to limit oil production from Texas wells. While Commissioner Ryan Sitton expressed...
We looked on in horror Monday as the price for West Texas Intermediate fell into negative territory for the first time. Many factors have contributed to this unhappy circumstance, but at its base, it is simply a matter of global supply of oil far-outstripping demand, and the fact that...
Here are 10 Things You Should Know About Oil and Gas Today:
The Big Story
There are actually two big stories today: 1)The price of oil has crashed below $12 per barrel amid concerns that global crude storage capacity will fill during May, and 2) today is the 10th anniversary of...
