Texas could lose 125,000 energy jobs in 2015 The most recent jobs data shows the Midland and Odessa area leading Texas employment creation, but storm clouds are on the horizon as the oil and gas sector begins laying off workers because of falling oil prices. According to the Texas Workforce Commission, the Midland Metropolitan Statistical Area […]
Midland leads Texas with 2.3% unemployment, but energy shedding jobs Read More »
Most distillate fuel now has less than 15 parts per million of sulfur, down from 3,000 Regulations have significantly lowered the amount of sulfur in American diesel fuel and heating oil over the past 20 years, according to statistics from the US Energy Information Administration. Distillate fuel oil supply consists primarily of diesel fuel used for
Sulfur dramatically reduced in diesel fuel, heating oil Read More »
Prices for oil and gasoline could plunge due to oil glut The U.S. has so much crude that it is running out of places to put it, and that could driveoil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average
Oil glut: US running out of room to store crude Read More »
ERCOT estimates 77,000 MW of generation for summer peak Texans can look forward to spring and summer heat knowing the state electrical grid will have sufficient electric generation to serve expected peak demand requirements, according to seasonal forecasts released by the Electric Reliability Council of Texas (ERCOT), grid operator for most of Texas. “In a broad
Texas power grid in good shape heading into summer Read More »
American Wind Energy Association says Congress still must provide long-term policy certainty American wind energy added significantly more new electricity than any other resource in 2014, according to U.S. Department of Energy data released Wednesday. Wind power generated 4.4 percent of all the electricity in America in 2014 and maintained its position as the fifth largest electricity
American wind energy largest source of new electricity in 2014 Read More »
Bakken crude oil has been described as “closest thing to gasoline from the ground” A freight train loaded with Bakken crude oil derailed on Thursday, bursting into flames and prompting authorities to issue a voluntary evacuation order within 1 mile (1.6 kilometres), authorities said. The train derailed around 1:20 p.m. in a rural area where
Bakken crude oil train derails near Illinois city of Galena, catches fire Read More »
2015 Ports-to-Plains Economic Summit expecting 200-plus attendees A great deal of oil, capital, and equipment flows through the Alberta-Texas-Mexico ports-to-plains corridor. Which is why the Ports-to-Plains Economic Summit in Lubbock later this month is an important event for the Texas and Alberta oil and gas industries. Michael Reeves is the executive director of the Ports-to-Plains Alliance
Ports-to-Plains Economic Summit promotes energy on USA to Canada trade corridor Read More »
Surge in Texas oil and gas production made possible by hydraulic fracturing $15.7 billion in state and local taxes and royalties was paid by the Texas oil and natural gas industry in 2014, according to the Texas Oil & Gas Association. Todd Staples, president of Association, says the amount is a record for the state and double
$15.7 billion paid by Texas oil and gas to state taxes, royalties Read More »
Midland leads all districts with 385 drilling permits, 682 oil completions The effect of low oil prices is starting to show up in drilling and production statistics, according to figures released by the Texas Railroad Commission. Drilling permits, oil and gas completions declined significantly compared to the previous year, but production increased almost by almost 500,000 barrels
Texas drilling permits lower, oil production up over 2013 Read More »
Trican Well Service saw steep decline in demand for pressure pumping services in late 2014 Trican Well Service Ltd. (TSX:TCW) has reversed last year’s fourth-quarter loss to post a net profit of $4.9 or three cents per share for the three months ended Dec. 31. In the year-earlier period, the Calgary-based oilfield services company with operations
Trican Well Service: Q4 profit of $4.9M, revenue up to $755.4M Read More »
