When the news discusses Texas‘ big oil and gas shale plays, they usually mean the Eagle Ford and the Barnett shale. The University of Texas at San Antonio produced a study recently, the “Economic Impact of Oil and Gas Activities in the West Texas Energy Consortium Study Region”, that highlights…
New oil and gas pipelines are being constructed in Texas at an almost frantic pace. Just this week, Lone Star NGL LLC announced that it has received the go-ahead from its board to lay a new natural gas liquids pipeline from the Permian basin in West Texas to Mont Belvieu,…
After three years of meetings and study, the American Petroleum Institute issued a new set of guidelines for community interaction by oil and gas operators involved with unconventional oil and gas exploration. The document is called “Community Engagement Guidelines” and outlines recommendations for oil and gas development consistent with the…
There is a threat to oil and gas companies that seems to have been under the radar so far, and that threat is hackers. It is a problem that can effect oil and gas companies and also energy investment firms. Nicole Perlroth at the New York Times published an article…
The price of crude oil has been continuing to fall over the last few days. By some benchmarks, crude oil prices in Texas and globally are near to a four year low. For example, West Texas Intermediate (“WTI”) was recently reported at $81.84 per barrel, well below the $100 to…
The Real Estate Center at Texas A & M University has recently made available an educational video entitled “Inside Fracking” that explains the process of fracing oil and gas wells. (I still believe the correct spelling is “fracing”). You can access the video here. If you are wondering just what…
It’s good news for Texas mineral and royalty owners that oil and gas production in Texas is increasing, due in large part to the spike in natural gas production from shale reservoirs. It’s also good news that plants that use that gas are being built. For example, ExxonMobil Corporation is…
Another oil and gas company is expanding its operations in Texas. Paradigm Oil and Gas Inc. is adding 50 new wells to its Texas operations through new leases from Magnum Oilfield Services, Bitter Creek Petroleum and Blackjack Services. The deal includes cash and stock, with Paradigm keeping between 70% to…
The rapid pace of construction of new oil and gas pipelines to transport current energy production in Texas and North America continues. In fact, there has been an explosion of pipeline development in Texas. According to a recent study the industry needs to invest $200 billion nationally in capital for…
The oil and gas industry both nationwide and in Texas has provided a steady stream of good economic news. Wells are being drilled and pipelines are being built and investment in infrastructure (particularly in areas with shale gas) and in technological improvements is increasing. For quite a while it seemed…