Posted on · After nearly a year of devastatingly low oil prices, West Texas Crude is once again back to $50 per barrel. Also this week, Exxon reveals emissions details for customer use of its products, plus the state legislature could take up flaring in the upcoming session.
Posted on · For years the Texas-based oil major has released data about the company’s direct and indirect greenhouse gas emissions, but the most recent report is the first time Exxon has included estimated emissions from consumer use of their products.
Posted on · One bill would significantly limit the practice of natural gas flaring and venting. The other House Bill directs the state to further study the impacts.
Posted on · As Texas moves into Phase 1B, people over 65 and those at least 16 with underlying chronic health conditions can begin receiving their first doses of a COVID-19 vaccine.
Posted on · Throughout 2020 producers have had to cope with low prices, and it looks like that struggle will continue into January. Also this week, layoffs at Parsley Energy and Halliburton.
Posted on · Granholm will help oversee the Coronavirus recovery as well as the shift to a clean energy economy. Also this week, Exxon cuts 700 Houston workers and Parsley Energy sheds 230 from its Austin workforce.
Posted on · The energy industry is changing, and Houston, long known for its dominance in oil and gas, plans to remain an international leader through the transition.
Posted on · The pandemic has added momentum to the shift away from fossil fuels, although the transition is still expected to take decades. Plus another merger, and modest jobs gains in oilfield services.
Posted on · Oil is up to $45 per barrel, plus the upstream sector added 600 jobs last month.
Posted on · The President looks to open up a large swath of federal waters for oil and gas drilling, plus one major oil and gas conference has already postponed its 2021 event due to the pandemic.
Posted on · Industry leaders say the Bayou City has the capacity to provide research and expertise for the transition to cleaner energy. Plus, oil prices rise and more than 6,000 jobs were added in the oilfield services sector last month.
Posted on · The industry has seen some slight gains, but the workforce has been shrinking for at least a year according to the latest Texas Petro Index. Plus more losses in the third quarter in oilfield services, and Republican Jim Wright will become the state's next oil and gas regulator.
Posted on · The state Democratic Party called the Railroad Commission election the most important environmental race in the country, in what was a highly-watched contest that gained national attention.
Posted on · Plus: Mike Bloomberg dives into the Texas Railroad Commission race, and a new oil and gas acquisition is announced.
Posted on · Pioneer Natural Resources announced it will acquire Parsley Energy just a day after ConocoPhillips said it planned to merge with Concho Resources. Both are all-stock transactions.