Tag: Texas
Permian Basin smashes production record from 1973 by 25 million barrels
Permian production peak will push U.S. to new record liquids production by end of 2018 The prolific Permian Basin, a mature hydrocarbon ‘super basin’ located in west Texas and southeastern New Mexico, reached a new oil-production record of 815 million barrels or more* in 2017—far exceeding its previous peak of 790 million barrels set in […]
US LNG production will more than triple by 2019 as exports boom – EIA
Texas and Louisiana lead increase in US natural gas liquefaction capacity American LNG capacity increased in 2017 as exports surged, but the industry is set for an even bigger expansion over the next two years as five new plants come on stream, boosting capacity to 9.6 Bcf/d, according to the US Energy Information Administration. In August 2017, […]
Natural gas power generation share grew for decade in Southern states as coal declined
Texas and Oklahoma in region with some of country’s best wind resources Coal’s share of total electricity generation in the South declined over the past decade, from 50 per cent in 2006 to 29 per cent in 2016, according to the U.S. Energy Information Administration.As the use of coal has declined, the use of natural gas […]
Red Deer’s Predator Drilling expands into Permian Basin, buys Midland Texas competitor
Assets include six, one thousand horsepower single drilling rigs Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all equity transaction. The experience and successful business practices of the J. B. Hunt family will […]
American CO2 emissions from coal fell by record amount in 2015, led by Texas and Midwest
Most decrease in coal-fired electricity generation was replaced with increases in natural gas-fired generation Carbon dioxide (CO2) emissions associated with coal consumption in the United States fell by a record 231 million metric tons in 2015, according to the U.S. Energy Information Administration. More than 60 per cent of the annual decrease occurred in 10 […]
Gulf Coast refinery runs approaching levels seen prior Hurricane Harvey
Hurricane Harvey caused many refineries either reduced runs or temporarily shut down For week ending Oct. 20, 2017, gross inputs to petroleum refineries in the U.S. Gulf Coast averaged 8.8 million b/d, or about 324,000 b/d higher than the previous five-year range for mid-Oct., based on data in EIA’s Weekly Petroleum Status Report (WPSR). Gross inputs, also […]
Hurricane Harvey caused electric system outages, affected wind generation in Texas – EIA
Wind speeds reached 130 mph as Hurricane Harvey made landfall Hurricane Harvey caused substantial electricity outages, as power plants and transmission infrastructure—particularly in south Texas and along the Gulf Coast—were affected by high winds and significant flooding, according to the U.S. Energy Information Administration. At its peak, more than 10,000 megawatts (MW) of electricity generating […]
Hurricane Harvey caused US Gulf Coast refinery runs to drop, gasoline prices to rise
Gulf Coast gasoline prices rose by 35 cents per gallon to $2.51/gal Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices, according to the U.S. Energy Information Administration. For the week ending Sept. 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by […]
US gasoline prices increase in wake of Hurricane Harvey
Several Gulf Coast refineries remain shut down or running at reduced rates U.S. retail gasoline prices on Monday, Sept. 4, averaged $2.68 /gal, 28 cents/gal higher than prices a week ago, according to the U.S. Energy Information Administration. Supply disruptions and refinery outages caused by Hurricane Harvey continue to affect gasoline supply and prices, particularly […]
Arkema SA expects more fires after two explosions at flooded plant
Arkema explosions early Thursday morning Two explosions occurred at the Arkema SA chemical plant located in Crosby Texas, 25 miles northeast of Houston, early Thursday morning. The explosions occurred after cooling systems to keep volatile chemicals in the plant stable failed due to flooding as a result of Hurricane Harvey. On Wednesday, the company warned […]
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