News

We keep up with what’s happening in the industry. Read more below.

Dallas Fed Energy Survey: Oil and Gas Sector Activity Plunges as Low Oil Prices, Coronavirus Take Toll

DALLAS, Texas (Federal Reserve) —Energy sector activity declined significantly in the first quarter, according to executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—plunged from -4.2 in the fourth ...

Oil And Gas Companies See Opportunity In Offshore Wind Energy

Oil and gas markets are ensnared by oversupply and falling prices, not to mention a global pandemic. It illustrates the need to be more responsive to changes in the energy climate. And the good news is that the signs are pointing to ...

Outlook for oil and gas demand remains strong

Oil and gas executives say the long-term industry demand remains high, despite the spread of the novel coronavirus and other global actions. Executives from both ExxonMobil and Shell U.S. reiterated their beliefs in a growing global energy demand during a joint meeting ...

Judge Tosses Oil and Gas Leases on Nearly One Million Acres of Public Lands

A federal judge threw out oil and gas leases on nearly one million acres of public lands that are important habitat for the greater sage grouse, arguing that a Trump administration policy that curtailed public input on the leases was "arbitrary and capricious." At the start of 2018, ...

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary

LISBON (Reuters) – The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters ...

Oil and gas industry contracts, production still increases in Texas during 2019

By KURT ABRAHAM, EDITOR-IN-CHIEF According to the Texas Alliance of Energy Producers (TAEP) Texas Petro Index (TPI), 2019 was a year of contraction in the Texas upstream oil and gas economy. This is the key finding enunciated by TAEP Executive Vice President and Economist Karr Ingham ...