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Eagle Ford Shale generated more than $25B in revenue for South Texas in 2011
Texas Business reports: Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, according to a study released by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development. Full Story » TexasBusiness.com |
Apache Completes Cordillera Energy Partners III, LLC Acquisition
Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III LLC, a privately held company with operations and acreage across the prolific Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. Full Story » TexasBusiness.com |
Apache Completes Cordillera Energy Partners III, LLC Acquisition
Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. Full Story » TexasBusiness.com |
Comstock Resources Completes Oil and Gas Property Divestitures
Texas Business reports: FRISCO, Texas—Comstock Resources Inc. completed the previously announced divestiture of certain oil and gas properties located in Tyler and Polk counties in South Texas and Lincoln Parish in North Louisiana. Full Story » TexasBusiness.com |
Rice University chemical engineering students’ plan would make Chinese gas ‘green’ and profitable Texas Business reports: Rice University chemical engineering students designed an environmentally friendly process for turning shale gas extracted from China’s Sichuan Basin into a range of profitable products. Full Story » TexasBusiness.com |
Atwood Oceanics Reaches Contract for the Atwood Hunter
Texas Business reports: HOUSTON—An Atwood Oceanics Inc.’s subsidiary won a drilling services contract by a subsidiary of Noble Energy Inc. for the Atwood Hunter for three firm wells with a minimum total duration of 150 days plus one option well. Full Story » TexasBusiness.com |
NASA Satellite Measurements Imply Texas Wind Farm Impact On Surface Temperature
Texas Business reports: A Texas region containing four of the world's largest wind farms showed an increase in land surface temperature over nine years that researchers have connected to local meteorological effects of the turbines. Full Story » TexasBusiness.com |
ALEC and ExxonMobil Push Loopholes in Fracking Chemical Disclosure Rule The conservative nonprofit group ALEC has pushed industry-backed model legislation that lets oil and gas companies muddy the waters on disclosure of fracking chemicals. Full Story » Cora Currier for ProPublica |
FMC Technologies Completes Acquisition of Schilling Robotics
Texas Business reports: HOUSTON—FMC Technologies Inc. acquired the remaining 55% of the outstanding shares of Schilling Robotics LLC. Full Story » TexasBusiness.com |
Aztec Announces Agreement for More Than 100 New Wells
Texas Business reports: HOUSTON—Aztec Oil & Gas Inc. announced that Aztec Drilling & Operating LLC, the turnkey operator for all Aztec partnerships, signed a contract for the drilling of more than 100 additional wells with working interest partner and field contract sub-operator, Texas Secondary Oil Company (TSOC). Full Story » TexasBusiness.com |

 Waste Control Specialists employees dispose of low-level radioactive waste at a facility in Fernalt, Ohio. A new low-level radiation landfill run by WCS will soon open in Andrews County. WCS Photo. |
| ABCs of Radioactive Waste in West Texas
In a sparsely populated corner of West Texas near the New Mexico border, a private company has spent hundreds of millions of dollars to build the nation’s newest radioactive waste disposal facility. Full Story » By David Barer For Reporting Texas |
The EPA’s First Fracking Rules — Limited and Delayed
The Environmental Protection Agency issued the first-ever national air pollution regulations for fracking on Wednesday. First proposed in July 2011, the final rules have been welcomed by environmental groups as a much-needed initial move in reducing pollution and protecting public health from the toxic chemicals involved in the oil and natural gas drilling process. But many cautioned it was just a first step. Full Story » Lena Groeger for ProPublica |
Deepwater Horizon Natural Resource Trustees Announce Major Progress in Gulf Restoration Effort
Texas Business reports: An estimated $60 million in early restoration projects soon will begin along the Gulf Coast following the nation’s largest oil spill, the Deepwater Horizon Natural Resource Damage Assessment (NRDA) Trustee Council announced. Full Story » TexasBusiness.com |
Delta Seaboard International, Inc. and American International Industries, Inc. Sell Delta Seaboard Well Service, Inc.
Texas Business reports: HOUSTON and KEMAH, Texas—Delta Seaboard International Inc. and American International Industries Inc. sold Delta's wholly-owned subsidiary, Delta Seaboard Well Service, Inc. to Delta Seaboard LLC, ( Delta LLC) an entity controlled by Delta president Robert Derrick, Jr. and Delta vice president Ron Burleigh. Full Story » TexasBusiness.com |
San Antonio's NuStar Wins $36.3 Million Military Fuel Contract
Texas Business reports: A San Antonio firm won a $36.3 million military aviation fuel contract, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
French Firm Acquires Houston’s TH Hill
Texas Business reports: HOUSTON—Bureau Veritas signed an agreement to acquire TH Hill, a worldwide leader in oil & gas drilling failure prevention and analysis services. The transaction is expected to be completed in April, upon clearance by the relevant authorities. Full Story » TexasBusiness.com |
To Bring One Gas Well Into Production Requires 1200 Loaded Trucks
Texas Business reports: AUSTIN - Nearly 1,200 loaded trucks are needed to bring just one gas well into production— the traffic equivalent to roughly 8 million cars. Full Story » TexasBusiness.com |
Chevron Phillips Chemical To Expand the NGL Fractionation Unit at the Sweeny Plant in Old Ocean, Texas
Texas Business reports: THE WOODLANDS, Texas—Chevron Phillips Chemical Company LP will expand the Natural Gas Liquids Fractionator Complex at its Sweeny Plant in Old Ocean, Texas. Full Story » TexasBusiness.com |
UTSA to release in April a full study on Eagle Ford Shale housing needs
Texas Business reports: SAN ANTONIO—The UTSA College of Architecture and UTSA Institute for Economic Development (IED) will jointly release to the public in April the full version of a long-anticipated Eagle Ford Shale housing study. Full Story » TexasBusiness.com |
TETRA Technologies Acquires Optima Solutions In $62 Million Deal
Texas Business reports: THE WOODLANDS—TETRA Technologies Inc.’s subsidiary, TETRA Investments Company U.K. Limited, acquired Optima Solutions Holdings Limited ( Optima ) for GBP 40 million (approximately $62.7 million equivalent) plus contingent consideration to be paid in the future depending on profitability. Full Story » TexasBusiness.com |
AETI Acquires Amnor Technologies
Texas Business reports: HOUSTON—American Electric Technologies Inc., a supplier of power delivery solutions for traditional and renewable energy industries, acquired the technology of Amnor TechnologiesInc. of Shepherd, Texas. Full Story » TexasBusiness.com |
Drilling Info Receives $165 Million Investment Led by Insight Venture Partners
Texas Business reports: AUSTIN—Insight is leading a $165 million equity investment in Drilling Info, the Austin-based data intelligence provider to the oil and gas industries. Full Story » TexasBusiness.com |
Lufkin Industries Completes $127 Million Acquisition of Zenith Oilfield Technology Texas Business reports: LUFKIN—Lufkin Industries Inc. completed its acquisition of Zenith Oilfield Technology Ltd for 81.1 million pounds Sterling (US$127.3 million) net of acquired cash after closing adjustments. Full Story » TexasBusiness.com |
LINN Energy Buys $175 Million Properties in East Texas
Texas Business reports: HOUSTON—LINN Energy LLC, signed a definitive purchase agreement to acquire properties located in East Texas for a contract price of $175 million, subject to closing conditions. Full Story » TexasBusiness.com |
Cabot Oil & Gas Corporation Form Joint Venture Pipeline
Texas Business reports: HOUSTON—Cabot Oil & Gas Corporation will undertake a joint venture with Williams Partners LP to develop and construct a large diameter pipeline, specifically designed to transport Cabot's Marcellus production to both the New England and New York markets. Full Story » TexasBusiness.com |
UT Arlington Receives $4 Million Worth Of Seismic Software
Texas Business reports: Global information and analytics provider IHS has granted a software license worth an estimated $4.4 million over three years to UT Arlington’s Department of Earth and Environmental Sciences, giving students and professors access to the latest in petroleum industry technology. Full Story » TexasBusiness.com |
Blue Dolphin Acquires Lazarus Energy
Texas Business reports: HOUSTON—Blue Dolphin Energy Company, an independent oil and gas company, closed its acquisition of Lazarus Energy LLC. Full Story » TexasBusiness.com |
Copano To Build $120 Million Pipeline Expansion in Eagle Ford Shale
Texas Business reports: HOUSTON—Copano Energy LLC will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas, which will allow Copano to access significant new Eagle Ford volumes. Full Story » TexasBusiness.com |
Atwood Oceanics Wins Contract for the Atwood Beacon
Texas Business reports: HOUSTON—A subsidiary of Atwood Oceanics Inc. won a drilling services contract by Shemen Oil and Gas Resources Ltd., an Israel-based oil and gas company, for the Atwood Beacon. Full Story » TexasBusiness.com |
Researchers Discover Potential Key to Lowering Energy Costs of Cell Phones and Data Centers
Texas Business reports: AUSTIN, Texas — A systematic analysis of power usage in microprocessors could help lower the energy consumption of both small cellphones and giant data centers, report computer science professors from The University of Texas at Austin and the Australian National University. Full Story » TexasBusiness.com |
Uranium Energy Corp Completes Sale of Uranium
Texas Business reports: CORPUS CHRISTI—Uranium Energy Corp completed a second uranium sale which will be reflected in the company's upcoming fiscal 2012 Q2 report. Full Story » TexasBusiness.com |
Pinnacle Propane Acquires Marble Falls Propane Provider
Texas Business reports: IRVING—Pinnacle Propane LLC, a provider of propane and refined fuels in the southwestern United States, acquired Bill Smith Butane of Marble Falls, Texas. Full Story » TexasBusiness.com |
Global NuTech Acquires Texas Gulf Oil and Gas
Texas Business reports: HOUSTON—Global NuTech Inc. acquired 100% of the stock of Houston-based Texas Gulf Oil & Gas Inc. Full Story » TexasBusiness.com |
Quarterly Energy Update—Fourth Quarter 2011
Texas Business reports: 2011 continued the upward trend in oil prices, according to the Federal Reserve Bank of Dallas.
Full Story » TexasBusiness.com |
Uranium Energy Corp to Acquire Cue Resources Ltd.
Texas Business reports: CORPUS CHRISTI, Texas & VANCOUVER, BC—Uranium Energy Corp. and Cue Resources Ltd reached an agreement in which UEC will acquire all of the outstanding common shares of CUE.
Full Story » TexasBusiness.com |
Houston Firm Wins $65.9 Million Fuel Contract
Texas Business reports: A Houston firm won a $65.9 million contract for aviation fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
enXco Acquires Texas Wind Development Assets From Cielo Wind Power
Texas Business reports: AMARILLO—enXco, an EDF Energies Nouvelles Company, and Cielo Wind Power LP announced that enXco signed a purchase agreement to acquire from a Cielo affiliate the development assets for the Spinning Spur Wind Project.
Full Story » TexasBusiness.com |
Global NuTech Signs LOI to Acquire Texas Gulf Oil and Gas
Texas Business reports: HOUSTON—Global NuTech Inc. signed a letter of intent to acquire Texas Gulf Oil & Gas Inc, located in Houston. Full Story » TexasBusiness.com |
Mercuria Launches Pipeline-by-rail on the Panhandle Northern Railway
Texas Business reports: BORGER—Mercuria Energy Trading Inc., based in Chicago, has developed a terminal to ship crude oil on the Panhandle Northern Railway (PNR), which operates on 31 miles of track between the towns of Panhandle and Borger, Texas.
Full Story » TexasBusiness.com |
Energy Transfer Partners Closes $2.85 Billion Propane Deal
Texas Business reports: DALLAS—Energy Transfer Partners LP closed its previously announced agreement with AmeriGas Partners LP to sell its propane operations, consisting of Heritage Operating LP and Titan Energy Partners LP in exchange for approximately $2.85 billion.
Full Story » TexasBusiness.com |
VHGI Holdings Signs Multi Year Coal Supply Agreement by Major Utility and The Lily Group Texas Business reports: FORT WORTH—VHGI Holdings Inc. announced that Indianapolis Power & Light (IPL), a subsidiary of AES Corp. has entered into a definitive agreement to purchase coal over 3 years from the Lily Group. Full Story » TexasBusiness.com |
VHGI Holdings To Buy Producing Coal Mining Company with Operations in Indiana
Texas Business reports: FORT WORTH—VHGI Holdings Inc.’s wholly-owned subsidiary, VHGI Coal Inc. agreed to buy all of the capital stock of Lily Group Inc. from Paul R. Risinger, the sole shareholder of Lily Group.
Full Story » TexasBusiness.com |
Ferrellgas Acquires Rio Grande Valley Gas in Southeast Texas
Texas Business reports: OVERLAND PARK, Kan.—Ferrellgas Partners LP, a propane retailers, acquired Rio Grande Valley Gas Inc. of Edinburg, Texas.
Full Story » TexasBusiness.com |
Costar Midstream Buys East Texas Gathering Systems and Processing Plants
Texas Business reports: DALLAS—Costar Midstream LLC acquired more than 500 miles of natural gas gathering pipelines, three cryogenic gas processing plants and associated compression and treating assets located in East Texas in a four county area near Longview. Full Story » TexasBusiness.com |
Pioneer Drilling Acquires Go-Coil LLC For $10 Million
Texas Business reports: SAN ANTONIO—Pioneer Drilling Company acquired Go-Coil LLC, a Louisiana limited liability company for approximately $110 million in cash. Full Story » TexasBusiness.com |
Oceaneering Wins BP Angola Contract
Texas Business reports: HOUSTON—Oceaneering International Inc. won a three-year Field Support Vessel Services contract from BP PLC. Full Story » TexasBusiness.com |
Glori Energy Expands Into Brazil
Texas Business reports: HOUSTON—Glori Energy signed a field implementation contract with Brazil's Petrobras. Full Story » TexasBusiness.com |
Newfield Announces Uinta Basin Crude Oil Supply Agreement Texas Business reports: THE WOODLANDS—Newfield Exploration Company signed a crude oil supply agreement with HollyFrontier Corporation to provide 20,000 barrels per day of supply capacity at HollyFrontier's Woods Cross, Utah, refinery. Full Story » TexasBusiness.com |
Oilfield Instrumentation and Advanced Building Services Open Second Service Facility in Eagle Ford Region
Texas Business reports: HOUSTON—Oilfield Instrumentation (OI), which provides real-time drilling instrumentation and engineering laboratories, and sister company Advanced Building Services (ABS), a provider of custom well-site accommodations, will open its second service center in the Eagle Ford shale fields January 15. Full Story » TexasBusiness.com |
Copano Energy and Magellan Midstream Form Joint Venture to Deliver Eagle Ford Shale Condensate to Corpus Christi
Texas Business reports: HOUSTON and TULSA, Oklahoma—Copano Energy LLC and Magellan Midstream Partners LP formed a joint venture to deliver Eagle Ford Shale condensate to Corpus Christi. Full Story » TexasBusiness.com |
Western Refining Closes on Sale of Assets and Completes Redemption of All Outstanding Senior Secured Floating Rate Notes
Texas Business reports: EL PASO—Western Refining Inc. closed on the sale of its Yorktown, Virginia facilities and a segment of its crude oil pipeline in southeast New Mexico to Plains Marketing LP and Plains Pipeline LP, both subsidiaries of Plains All American Pipeline LP, for approximately $220 million.
Full Story » TexasBusiness.com |
EnerJex Forms General Partnership to Drill Up to 150 New Wells
Texas Business reports: SAN ANTONIO—EnerJex Resources Inc., a domestic onshore oil company, formed a general partnership named "Rantoul Partners" in order to develop the company's Rantoul Project assets located in Eastern Kansas. Full Story » TexasBusiness.com |
CVR Energy Completes Acquisition of Wynnewood, Okla., Refinery
Texas Business reports: Sugar Land—CVR Energy Inc completed its acquisition of Gary-Williams Energy Corporation and its Wynnewood, Okla., refinery and related assets. Full Story » TexasBusiness.com |
New Braunfels Firm Wins $1 Billion Federal Aviation Fuel Contract
Texas Business reports: A New Braunfels firm won a $1 billion federal aviation fuel contract, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Houston Firm Wins $99.8 Million Military Fuel Contract
Texas Business reports: A Houston firm won a $99.8 million contract for military fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
The University of Texas at Austin Expands Its Professional Land Management Training Program to Oklahoma
Texas Business reports: AUSTIN—Starting in February 2012, the Petroleum Extension Service, a component of the Division of Continuing and Innovative Education at The University of Texas at Austin, expands its Professional Land Management Certificate Program to Oklahoma City. Full Story » TexasBusiness.com |
Gujarat State Petronet Limited Selects Energy Solutions International for Gas Pipeline Project
Texas Business reports: HYDERABAD, India—Houston-based Energy Solutions International (ESI) announced that Gujarat State Petronet Limited (GSPL) decided to expand its deployment of PipelineStudio. Full Story » TexasBusiness.com |
Rice University's functionalized graphene oxide plays part in next-generation oil-well drilling fluids
Texas Business reports: Graphene's star is rising as a material that could become essential to efficient, environmentally sound oil production. Rice University researchers are taking advantage of graphene's outstanding strength, light weight and solubility to enhance fluids used to drill oil wells. Full Story » TexasBusiness.com |
Atwood Oceanics Wins Contract for the Atwood Aurora
Texas Business reports: HOUSTON—ATWOOD OCEANICS INC., announced one of its subsidiaries won a drilling services contract by a subsidiary of Bowleven PLC for the Atwood Aurora. Full Story » TexasBusiness.com |
VHGI Holdings Inc. Extends Letter of Intent to Purchase Producing Coal Mine Operation in Indiana in order to Secure Consents
Texas Business reports: FORT WORTH—VHGI Holdings Inc.’s wholly-owned operating company, VGHI Coal Inc., extended its binding letter of intent until January 30, 2012, to purchase, an Indiana-based company whose sole operations consists of operating a coal mine in Indiana. Full Story » TexasBusiness.com |
Forbes Energy Services to Sell Mexico Business For $30 Million
Texas Business reports: ALICE—Forbes Energy Services Ltd. and certain of the company's subsidiaries entered into a purchase agreement with Dirivera Investments LLC and RGV Holding S.A. de C.V. covering the sale of substantially all of Forbes Energy's assets currently located in Mexico as well as the company's equity interests in Forbes Energy Services Mexico Servicios de Personal, S. de R.L. de C.V. for aggregate cash consideration of $30 million. Full Story » TexasBusiness.com |
Hunt Global Resources Plans 2012 Construction of Frac-Sand Processing Plant in Conroe, Texas
Texas Business reports: HOUSTON—Hunt Global Resources Inc. plans to build a 1-Million ton per year frac-sand mining and processing facility on its 350-acre site, located in Conroe Texas. Full Story » TexasBusiness.com |
Regency and Joint Venture Partners To Build Processing Facility in West Texas
Texas Business reports: DALLAS—Regency Energy Partners will build a processing facility in Ward County, Texas, to process natural gas delivered from the liquids-rich Bone Spring and Avalon Shale formations. Full Story » TexasBusiness.com |
GreenHunter Water Acquires New Equipment Fleet
Texas Business reports: GRAPEVINE—GreenHunter Water, LLC, a wholly owned subsidiary of GreenHunter Energy Inc. completed the purchase of new equipment assets to be used to service a new long term contract to haul and dispose produced water for several major oil companies that control significant mineral leasehold acreage positions in the Marcellus and Utica Shale plays located in Pennsylvania, West Virginia and Ohio.
Full Story » TexasBusiness.com |
Comstock Resources Inc. Makes Acquisition in the Delaware Basin
Texas Business reports: FRISCO—Comstock Resources Inc. entered into a definitive agreement to acquire acreage in the Delaware Basin in West Texas from Eagle Oil & Gas Co. and certain other parties at a purchase price of $332.7 million.
Full Story » TexasBusiness.com |
Texas American Resources Company Completes Eagle Ford Wells
Texas Business reports: AUSTIN—Texas American Resources Company completed its first operated Eagle Ford well, the Haug-Kieschnick 33-102H, with a 30-day average initial production rate of 599 Boepd (barrels of oil equivalent per day). Full Story » TexasBusiness.com |
Newfield Announces Uinta Basin Crude Oil Supply Agreement
Texas Business reports: THE WOODLANDS—Newfield Exploration Company signed a crude oil supply agreement with Tesoro Corporation to provide 18,000 barrels per day of supply capacity at Tesoro's refinery in Salt Lake City, Utah. Full Story » TexasBusiness.com |
DKRW Advanced Fuels Signs Major Gasoline Contract; Moving Forward on Medicine Bow Project in Wyoming
Texas Business reports: HOUSTON—DKRW Advanced Fuels LLC (DKRW) of Houston, announced its wholly owned subsidiary, Medicine Bow Fuel & Power LLC (MBFP), entered into a contract with Vitol Inc.,whereby Vitol would purchase 100 percent of the gasoline produced from MBFP's industrial gasification and liquefaction facility located near Medicine Bow, Wyoming.
Full Story » TexasBusiness.com |
Excelerate Energy Performs 200th Ship-to-Ship Transfer of LNG
Texas Business reports: THE WOODLANDS— Excelerate Energy LP. completed its 200th commercial Ship-to-Ship (STS) transfer of LNG in Escobar, Argentina at the GNL Escobar LNG import facility. Full Story » TexasBusiness.com |
Baker Institute research indicates China's demand for oil will equal US demand by 2040
Texas Business reports: Despite aggressive demand-management policies announced in recent years, China’s oil use could easily reach levels comparable to today’s U.S. levels by 2040, according to a new energy study by the Baker Institute. Full Story » TexasBusiness.com |
Ferrellgas Acquires Welch Propane in Northeast Texas
Texas Business reports: Kansas-based Ferrellgas Partners LP acquired Welch Propane, a retail propane company based in northeast Texas. Full Story » TexasBusiness.com |
Company Backs out of $45 Million Deal to Buy Troubled Wyoming Gas Field Texas-based Legacy Resources backed out of a $45 million deal to buy the field near Pavillion, Wyom., from EnCana last week, soon after the Environmental Protection Agency said it had detected cancer-causing benzene at 50 times the level safe for humans and other carcinogenic pollutants during its latest round of sampling. Full Story » Abrahm Lustgarten for ProPublica |
American Standard Energy To Acquire San Antonio’s Cross Border Resources
Texas Business reports: American Standard Energy Corp. agreed to acquire oil and gas operator Cross Border Resources Inc. which provides that American Standard Energy Corp. has the right to enter into such a transaction with Cross Border Resources Inc., between November 22, 2011 and January 31, 2012. Full Story » TexasBusiness.com |

 Tad Patzek |
| Book Takes Readers Behind the Scenes of the Deepwater Horizon Spill and World’s Energy Demand
Texas Business reports: AUSTIN—Not one error but a series of miscommunications and mismanagement from all parties at all levels caused the Deepwater Horizon disaster, aggravated by the world’s relentless demand for energy, according to a new book released by Tad Patzek, chair of the department of petroleum and geosystems Engineering at The University of Texas at Austin, and co-author Joseph A. Tainter, a professor in the department of environment and society at Utah State University. Full Story » TexasBusiness.com |
Enbridge and Enterprise Agree to Reverse Seaway Crude Oil Pipeline From Cushing to U.S. Gulf Coast
Texas Business reports: CALGARY, ALBERTA and HOUSTON—Enbridge Inc. and Enterprise Products Partners L.P. ( Enterprise) agreed to reverse the direction of crude oil flows on the Seaway pipeline to enable it to transport oil from Cushing, Oklahoma to the U.S. Gulf Coast. Full Story » TexasBusiness.com |
Former Dish Mayor Now Dishing the Natural Gas Boom
Calvin Tillman used to be mayor of Dish, Texas, a place so commerce-friendly that it renamed itself in exchange for free satellite television service for its 200 residents. Before his term ended, he moved to another town, Aubrey, because his children were getting nosebleeds. Tillman thinks the culprit is the growing presence of natural gas industry in Dish, and now he’s crusading against the industry that is the financial backbone of Dish. Full Story » By Ari Phillips For Reporting Texas |
Mogul Energy Successfully Completes the Drilling and Testing of the Stafford Well #2, Jackson County, Texas
Texas Business reports: HOUSTON—Mogul Energy International Inc. announced the completion of the Stafford Well #2 as a new Frio aged discovery sand in the La Ward NE Field area in Jackson County, Texas. Full Story » TexasBusiness.com |
Energy Solutions International Selected by Hong Kong Electric for the Lamma Island Gas Project
Texas Business reports: STOCKTON, England—Houston’s Energy Solutions International, (ESI) announced that Hong Kong Electric (HEC) has selected ESI’s PipelineManager for deployment as part of its extension to the Lamma Island natural gas system. Full Story » TexasBusiness.com |
GeoBio Energy Closes Acquisition of El Gas North America
Texas Business reports: Seattle’s GeoBio Energy Inc. bought Houston-based El Gas North America LLC. Full Story » TexasBusiness.com |

 Construction begins on a new solar array field that will be built on a four-acre lot in Liberty Village on Fort Hood, Texas. Photo by Christine Luciano, Fort Hood |
| Green power: Fort Hood breaks ground on solar field
FORT HOOD, Texas - Fort Hood and Universal Services Fort Hood Inc., officials broke ground on a solar field that will provide one million kilowatt-hours, approximately 20 percent of renewable energy annually for 300 single-family homes. Full Story » Christine Luciano of Fort Hood |
Early Results from Hydraulic Fracturing Study Show No Direct Link to Groundwater Contamination
Texas Business reports: FORT WORTH, Texas — Preliminary findings from a study on the use of hydraulic fracturing in shale gas development suggest no direct link to reports of groundwater contamination, according to the project leader at The University of Texas at Austin’s Energy Institute. Full Story » TexasBusiness.com |
Texas Rare Earth Resources Receives Approval by the Texas General Land Office to Expand its Exploration Efforts at Round Top
Texas Business reports: SIERRA BLANCA, Texas—Texas Rare Earth Resources Corp. a heavy rare earths exploration and development company, announced that its supplementary operating plan to expand exploration activities at the Round Top project has been approved by the Texas General Land Office (GLO).
Full Story » TexasBusiness.com |
Fluor Acquires Texas-based Sulfur Technology Company
Texas Business reports: IRVING—Fluor Corporation acquired Goar, Allison & Associates, a unit of Air Products.
Full Story » TexasBusiness.com |
Energy Dept. Panel Warns of Environmental Toll of Current Gas Drilling Practices
A federal energy panel issued a blunt warning to shale gas drillers and their regulators today, saying they need to step up efforts to protect public health and the environment or risk a backlash that stifles further development. Full Story » by Nicholas Kusnetz of ProPublica |
EPA Issues First Greenhouse Gas Permit in Texas
Texas Business reports: DALLAS—Today, the U.S. Environmental Protection Agency (EPA) issued the first Texas Greenhouse Gas (GHG) permit for the Lower Colorado River Authority (LCRA) Thomas C. Ferguson Power Plant in Llano County, Texas. Full Story » TexasBusiness.com |
GreenHunter Water Awarded Eagle Ford Contract
Texas Business reports: GRAPEVINE—GreenHunter Water LLC, a wholly owned subsidiary of GreenHunter Energy Inc. secured a significant new order to provide equipment rental and services which include 30 new frac storage tanks to an independent oil and gas operator active in the Eagle Ford Shale drilling region of South Texas. Full Story » TexasBusiness.com |
Uranium Energy Corp Acquires Major Additional Section of Coronel Oviedo Uranium District in Paraguay
Texas Business reports: CORPUS CHRISTI—Uranium Energy Corp. entered into a property purchase agreement with three Paraguayan companies in which the company's Paraguayan subsidiary proposes to acquire, subject to a gross overriding royalty, a 100 percent legal and beneficial interest in and to a total of six unencumbered prospecting permits covering approximately 740,000 acres which are located in the area of Coronel Oviedo, Paraguay.
Full Story » TexasBusiness.com |
Aztec Reaches Agreement with GulfMark Energy
Texas Business reports: HOUSTON—Aztec Oil & Gas Inc. reached an agreement, through its associate, Resaca Resources LLC with GulfMark Energy Inc. as the new oil gatherer for wells in Liberty County, Texas.
Full Story » TexasBusiness.com |
Southern Company Receives First Fuel Load Delivery at Biomass Plant
Texas Business reports: SACUL—Southern Company received its first fuel load delivery at the Nacogdoches Generating Facility owned by its subsidiary Southern Power in eastern Texas.
Full Story » TexasBusiness.com |
Direct Energy Closes Acquisition of First Choice Power
Texas Business reports: HOUSTON—Direct Energy, one of North America's largest competitive energy and energy-related services providers, has finalized its acquisition of residential and commercial energy retailer First Choice Power for $270 million in cash, plus additional working capital.
Full Story » TexasBusiness.com |
Magellan Midstream to Expand Houston-Area Crude Oil Pipeline Distribution System
Texas Business reports: Magellan Midstream Partners, L.P. is expanding further its crude oil pipeline distribution capabilities in the Houston area to deliver domestic crude oil and condensate transported via third-party pipeline systems from the Eagle Ford Shale production area directly to local refineries.
Full Story » TexasBusiness.com |
Fines of $233,835 against multiple Valero facilities and $124,405 against Rohm & Haas Texas Inc. in Harris Co. included
Texas Business reports: The Texas Commission on Environmental Quality approved penalties totaling $934,026 against 66 regulated entities for violations of state environmental regulations.
Full Story » TexasBusiness.com |
El Paso Electric Invests In Solar Technology
Texas Business reports: EL PASO—SolFocus and its solar developer partner Solar Smart Living, completed a 53 kW concentrator photovoltaic (CPV) installation which will be owned by El Paso Electric.
Full Story » TexasBusiness.com |
SwRI acquires 2011 plug-in electric vehicle to include its batteries in EssEs Consortium matrix
Texas Business reports: San Antonio—Southwest Research Institute (SwRI) recently acquired an extended range electric vehicle to include its batteries in the Energy Storage System Evaluation and Safety (EssEs) Consortium. Information obtained through evaluation of the batteries will be included in the EssEs database that is available to all members.
Full Story » TexasBusiness.com |
Bering Exploration Completes Acquisition of Gohlke Leasehold with Potential Gross Reserves of 3,500,000 Barrels of Oil and 5 Bcf of Gas
Texas Business reports: HOUSTON— Bering Exploration Inc. completed the acquisition of the Gohlke leasehold located in Dewitt County, Texas. Full Story » TexasBusiness.com |
C&J Energy Services Signs Two-Year Contract for Sixth Hydraulic Fracturing Fleet: Fleet 6 to be Deployed to the Permian Basin Texas Business reports: HOUSTON—C & J Energy Services Inc. signed a two-year contract with an independent E&P company for a 32,000 hp hydraulic fracturing fleet for operations in the Permian Basin on a full month take-or-pay basis. Full Story » TexasBusiness.com |
Aztec Announces Cooperative Waterflood
Texas Business reports: HOUSTON—Aztec Oil & Gas, Inc reached an agreement with Texas Secondary Oil Company ("TSOC") to install a cooperative waterflood in Medina County, Texas, involving hundreds of jointly and separately owned wells.
Full Story » TexasBusiness.com |
Wind Energy Services Company (WES) Announces Partnering Agreement with MFG Wind Turbine Component Factories
Texas Business reports: GAINESVILLE—Wind Energy Services Company (WES), a provider of composite repair and maintenance services for wind farm operations, established partnering agreements with three turbine component manufacturing facilities, all entities of the Molded Fiber Glass Companies.
Full Story » TexasBusiness.com |
Duke Energy Announces Turbine Suppliers for Texas Wind Farms
Texas Business reports: Duke Energy announced agreements with Siemens and Mitsubishi Heavy Industries (MHI) to provide wind turbines for the two phases of Duke Energy's Los Vientos Windpower Project in Willacy County, Texas.
Full Story » TexasBusiness.com |
Uranium Resources' License to Produce Up to 3 Million Pounds of Uranium Gets Reactivated by the NRC
Texas Business reports: LEWISVILLE—Uranium Resources Inc. announced the Nuclear Regulatory Commission (NRC) reactivated its Source Materials License to conduct in-situ recovery (ISR) uranium mining in McKinley County, New Mexico.
Full Story » TexasBusiness.com |
Atwood Oceanics Orders Ultra-Deepwater Drillship
Texas Business reports: HOUSTON—Atwood Oceanics Inc. announced that earlier this month, Alpha Eagle Company, a wholly-owned subsidiary of Atwood Oceanics Inc., entered into a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co. Ltd., (DSME) to construct an ultra-deepwater drillship, to be named the Atwood Achiever, at the DSME yard in South Korea.
Full Story » TexasBusiness.com |
Brigham Exploration Company Announces $4.4 Billion Merger Agreement With Norway's Statoil ASA
Texas Business reports: AUSTIN—Brigham Exploration Company and Norway’s Statoil ASA entered into a definitive merger agreement for Statoil ASA to acquire Brigham Exploration Company for US$36.50 per share by means of an all-cash tender offer for all of the issued and outstanding shares of Brigham Exploration Company.
Full Story » TexasBusiness.com |
Fluor Becomes Majority Investor in NuScale Power and Enters Small Modular Reactor Market
Texas Business reports: IRVING— Fluor Corporation committed to making an investment exceeding $30 million in NuScale Power LLC., an Oregon-based small modular reactor technology company.
Full Story » TexasBusiness.com |
Oil Exploration Would Endanger the Most Biodiverse Region in the Western Hemisphere, Say Scientists Texas Business reports: AUSTIN—An international team of scientists that includes two University of Texas at Austin researchers has found that Ecuador's Yasuní National Park, which sits on top of massive reserves of oil, is in the single most biodiverse region in the Western Hemisphere. Full Story » TexasBusiness.com |
STW Resources Holding Corp. and CK Investments Energy Company Form Joint Venture to Treat Brackish/Produced Water Sources
Texas Business reports: MIDLAND—STW Resources Holding Corp., a water reclamation services company, executed a joint venture agreement with CK Investments Energy Company, a Texas corporation to commission a proprietary brackish/produced water processing facility in the Permian and Delaware Basins of West Texas.
Full Story » TexasBusiness.com |
Did Speculation Drive Oil Prices? Futures Market Points to Fundamentals Texas Business reports: Oil market speculation became an especially popular topic when the price of crude tripled over 18 months to a record high $145 per barrel in July 2008. Two economists from the Dallas Federal Reserve Bank examine the data. Full Story » TexasBusiness.com |
Forum Energy Technologies Opens Brazil Office Texas Business reports: HOUSTON—Forum Energy Technologies opened an office outside Rio de Janeiro in the growing Brazilian market. Full Story » TexasBusiness.com |
Milagro Oil & Gas Inc. Acquires South Texas Assets, Increases Ownership in Existing Properties
Texas Business reports: HOUSTON—Milagro Oil & Gas Inc., through its wholly owned subsidiary, Milagro Producing, LLC, completed the purchase of certain South Texas producing assets.
Full Story » TexasBusiness.com |
Federal Funding Will Help Build $450 Million “Clean” Coal-Based Power Plant Near Midland
Texas Business reports: The U.S. Department of Energy (DOE) has issued a Record of Decision (ROD) that – along with a signed cooperative agreement – will allow federal funding to be used to help build one of the world’s most advanced and environmentally clean coal-based power plants.
Full Story » TexasBusiness.com |
Victory Energy Announces Expansion at Its Tunis Creek Project Texas Business reports: Victory Energy Corporation, through its partnership with Aurora Energy Partners, today announced a 49% acreage expansion at its Tunis Creek project located in Pecos County, Texas and the designation of the University "6" #1 well as a "discovery well" by the Railroad Commission of Texas. Full Story » TexasBusiness.com |
Statoil Signs $5 Million Partnership Agreement with University of Texas
Texas Business reports: HOUSTON—International energy company Statoil and the University of Texas at Austin signed an agreement providing the university with an annual funding of $1 million for 5 years.
Full Story » TexasBusiness.com |
San Antonio Firm Wins $37 Million Contract Change For Military Aviation Fuel
Texas Business reports: A San Antonio firm won a $37 million contract change to supply aviation fuel, the U.S. Department of Defense announced. The Defense Logistics Agency Energy, Fort Belvoir, Virginia Full Story » TexasBusiness.com |

 Susan Wallace-Babb, wearing the oxygen mask she has to wear almost every day outside, walks with her dog at home in Winnsboro, Texas, on Sept. 12, 2011. (Erin Trieb for ProPublica) |
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| Science Lags As Health Problems Emerge Near Gas Fields On a summer evening in June 2005, Susan Wallace-Babb went out into a neighbor's field near her ranch in Western Colorado to close an irrigation ditch. She parked down the rutted double-track, stepped out of her truck into the low-slung sun, took a deep breath, and collapsed, unconscious. Full Story » by Abrahm Lustgarten and Nicholas Kusnetz of Pro Publica |
Shell Partners with UT Austin to Pursue New Solutions to Unlock Gas Resources
Texas Business reports: AUSTIN, Texas — Shell and The University of Texas at Austin signed a five-year agreement to invest $7.5 million to address short- and long-term challenges facing the growing worldwide unconventional oil and gas industry.
Full Story » TexasBusiness.com |
US $3.2 billion exploration program planned for Kara Sea and Black Sea
Texas Business reports: SOCHI, Russia—Rosneft and ExxonMobil reached an agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world, and commence technology and expertise sharing activities.
Full Story » TexasBusiness.com |
Vitol Group and Blueknight Energy Partners Plan To Build New Crude Oil Terminal in Midland, Texas
Texas Business reports: HOUSTON—Vitol Midstream LLC, a member of the Vitol Group ("Vitol") and Blueknight Energy Partners LP entered into agreements for the construction and operation of a new crude oil terminal in Midland, Texas.
Full Story » TexasBusiness.com |
Rice University engineers reverse E. coli metabolism for speedy production of fuels, chemicals
Texas Business reports: In a biotechnological tour de force, Rice University engineering researchers this week unveiled a new method for rapidly converting simple glucose into biofuels and petrochemical substitutes.
Full Story » TexasBusiness.com |
Baker Hughes, Intertek Expand Global Petroleum Cargo Treatment Alliance
Texas Business reports: HOUSTON—Baker Hughes and Intertek are expanding the global reach of an alliance established to provide chemical additives and treatment services for fuels, petroleum products and crude oil cargos.
Full Story » TexasBusiness.com |
TPH Partners Announces Investment in Clearfork Resources LLC
Texas Business reports: HOUSTON—Glenn W. Reed, Jarvis Moore and TPH Partners, L.P. announced they jointly formed Clearfork Resources LLC (Clearfork), an independent oil and natural gas company headquartered in Fort Worth.
Full Story » TexasBusiness.com |
Varel International Relocates Eastern Hemisphere Headquarters Texas Business reports: CARROLLTON—Varel International, the world’s largest independent supplier of drill bits for the oil and gas industry, relocated its Eastern hemisphere headquarters.
Full Story » TexasBusiness.com |

 A 24-year-old EPA report uncovered this week adds to a list of examples of how water supplies are polluted in natural gas drilling areas. (Abrahm Lustgarten/ProPublica) |
| Does an Old EPA Fracking Study Provide Proof of Contamination?
For years the drilling industry has steadfastly insisted that there has never been a proven case in which fracking has led to contamination of drinking water. Now Environmental Working Group, an advocacy organization engaged in the debate over the safety of fracking, has unearthed a 24-year-old case study by the U.S. Environmental Protection Agency that unequivocally says such contamination has occurred. Full Story » Abrahm Lustgarten of Pro Publica |
Plains All American Pipeline Announces West Texas (Mesa) System Improvements
Texas Business reports: HOUSTON—Plains All American Pipeline LP recently increased the available throughput capacity of the 80-mile Mesa Pipeline System by approximately 100,000 barrels per day to approximately 420,000 barrels per day.
Full Story » TexasBusiness.com |
Baker Hughes Fractures its First Unconventional Shale Well in Argentina
Texas Business reports: HOUSTON—Baker Baker Hughes completed its first unconventional hydrocarbon shale hydraulic fracturing and stimulation project in Argentina for YPF in the Neuquén basin.
Full Story » TexasBusiness.com |
UT Arlington to offer free charging station for electric vehicles
Texas Business reports: ARLINGTON - The University of Texas at Arlington will make going green a little easier for motorists with the addition of a free public charging station for electric vehicles.
Full Story » TexasBusiness.com |
Blue Dolphin to Acquire Nixon Crude Processing Facility
Texas Business reports: HOUSTON—Blue Dolphin Energy Company signed a definitive agreement to acquire the Nixon Crude Processing Facility from a privately-held company in an all stock transaction.
Full Story » TexasBusiness.com |
U.S. shale gas weakening Russian, Iranian petro-power
Texas Business reports: Rising U.S. natural gas production from shale formations has already played a critical role in weakening Russia’s ability to wield an “energy weapon” over its European customers, and this trend will accelerate in the coming decades, according to a new Baker Institute study. Full Story » TexasBusiness.com |
Southern Union Company's Trunkline Gas Company Places Modified South Texas System into Service Texas Business reports: HOUSTON—Southern Union Company SUG announced that its Trunkline Gas Company subsidiary has completed the initial phase of construction to isolate its South Texas system to provide bi-directional flow for liquids-rich gas service. Full Story » TexasBusiness.com |
Seattle’s GeoBio Energy To Buy Weatherford Gas Service Company Lary Archer & Associates for $22 Million
Texas Business reports: Seattle’s GeoBio Energy Inc. signed an agreement to buy Lary Archer & Associates Inc. of Weatherford.
Full Story » TexasBusiness.com |
Lawmakers Attempt to Roll Back Expanded Oversight of Offshore Drilling
After millions of gallons of crude gushed into the Gulf during last year’s oil spill, the disaster triggered a continuing blame gamebetween BP and its many contractors. It also got regulators pondering the need for expanding oversight to such contractors. Currently, operators of off-shore rigs are subject to safety regulations, but regulators don't have direct oversight of the contractors that work for those operators. Full Story » Marian Wang of Pro Publica |
University of Texas at Austin Reaches Agreement for Rechargeable Battery Patents with Hydro-Quebec
Texas Business reports: AUSTIN—The University of Texas at Austin reached an agreement with Canada-based Hydro-Quebec for lithium-ion material technology invented and patented by John Goodenough, a scientist at the university. Full Story » TexasBusiness.com |
Geokinetics Secures $165 Million in Project Awards
Texas Business reports: HOUSTON—As the energy boom continues, Geokinetics Inc. secured work valued at approximately $165 million for several new projects and extensions to current projects in the Latin America, Asia-Pacific, EAME and North America regions.
Full Story » TexasBusiness.com |
Austin Firm Sells Denver Property In $150 Million Deal Texas Business reports: An Austin firm sold energy properties in the Denver area to a Colorado firm, officials announced. Full Story » TexasBusiness.com |

 Killifish |
| Researchers Receive Grant to Study Effects of Deepwater Horizon Oil Spill
Texas Business reports: Texas Tech researchers received a $115,000 grant from the Gulf of Mexico Research Initiative in a joint research project with Tulane University to collect samples of a common bait fish a year after the Deepwater Horizon oil spill.
Full Story » TexasBusiness.com |
Deep Down Receives $8 Million In Large Carousel Orders
Texas Business reports: HOUSTON—Deep Down Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, completed the assembly and test running of a 3,200 MT carousel located at Core Industries near Mobile, Alabama, and has recently been awarded two more large carousel contracts in excess of $8 million.
Full Story » TexasBusiness.com |
Pioneer Drilling Completes Amended and Restated $250 Million Credit Facility
Texas Business reports: SAN ANTONIO—Pioneer Drilling Company Inc entered into an amendment and restatement of its existing credit agreement. The amended and restated credit agreement provides the company with a $250 million, five-year, senior secured revolving credit facility.
Full Story » TexasBusiness.com |
Kinder Morgan-Copano Increase Presence in Eagle Ford Shale With New Long Term Contracts Texas Business reports: HOUSTON—Eagle Ford Gathering LLC, a 50/50 joint venture between Kinder Morgan Energy Partners LP and Copano Energy LLC announced the execution of two long-term agreements to provide transportation, processing and fractionation services to Petrohawk Energy Corporation and Rosetta Resources Operating LP, an affiliate of Rosetta Resources Inc, two operators in the Eagle Ford Shale play in South Texas. Full Story » TexasBusiness.com |
Vitol's Coastal Caverns Announces Plans for Beaumont LPG Export Facility
Texas Business reports: BEAUMONT—Coastal Caverns Inc. (CCI), a wholly-owned subsidiary of the Vitol Group, today announced plans to develop a new propane export facility in conjunction with its LPG storage facility that is currently under development on the historic Spindletop dome in Beaumont.
Full Story » TexasBusiness.com |
Uranium Resources Inc. Begins Drilling at Its Los Finados Project in South Texas
Texas Business reports: LEWISVILLE—Uranium Resources Inc began exploratory drilling on the 54,847 acres in Kenedy County, Texas, known as Los Finados Project.
Full Story » TexasBusiness.com |
Houston’s Kirby Corporation Completes $604 Million Buy of K-Sea Transportation Partners LP Texas Business reports: HOUSTON—Kirby Corporation completed the acquisition of K-Sea Transportation Partners L.P. with K-Sea becoming a wholly owned subsidiary of Kirby. Full Story » TexasBusiness.com |
Houston Firm Wins $43.9 Million Natural Gas Contract
Texas Business reports: A Houston firm wins a $43.9 million defense contract to provide natural gas.
Full Story » TexasBusiness.com |
Oil and Gas Drilling Surges Despite Increased Oversight
Energy companies have spent the last couple of years fighting off added government regulation, saying red tape is slowing development.
But recent data show that the pace of drilling is just short of the 20-year high it reached before the recession. Gas drilling has dropped off as the price of natural gas has stayed low, but high oil prices (and the widening price gap between oil and gas) have spurred enough oil drilling to more than make up the difference. Full Story » Nicholas Kusnetz of Pro Publica |
PSEG Power Agrees To Sell Odessa Power Plant For $335 Million
Texas Business reports: New Jersey-based PSEG Power LLC, a subsidiary of Public Service Enterprise Group today announced that it has agreed to the sale of its remaining Texas generating asset. Full Story » TexasBusiness.com |
Imperial Resources Obtains Loan Funding for Key Salt Water Disposal Facility Development Texas Business reports: AUSTIN—Imperial Resources Inc. and its wholly owned subsidiary, Imperial Oil & Gas Inc. entered into an agreement for the development funding of its Salt Water Disposal Facility located in the heart of the Barnett Shale in Texas. Full Story » TexasBusiness.com |
EPA Selects Sites in Louisiana and Texas for National Study on Hydraulic Fracturing Texas Business reports: Several sites in Texas were selected for a national study on hydraulic fracturing. Full Story » TexasBusiness.com |
Energy Transfer Partners and Regency Energy Partners Announce New NGL Pipeline Project from West Texas as Part of Its Lone Star Joint Venture
Texas Business reports: DALLAS—Energy Transfer Partners LP and Regency Energy Partners LP announced that Lone Star NGL LLC will construct an approximately 530-mile natural gas liquids (NGL) pipeline that extends from Winkler County in west Texas to the Jackson County processing plant in Jackson County, Texas.
Full Story » TexasBusiness.com |
Texas Clean Energy Project to Sell Power to CPS Energy in 25-year PPA
Texas Business reports: San Antonio—Summit Power Group’s Texas Clean Energy Project (TCEP) will enter into a 25-year power purchase agreement (PPA) with the country’s largest municipally owned natural gas and electric utility, CPS Energy. Full Story » TexasBusiness.com |
Houston’s Oil States to Supply Subsea 7 With FlexJoint Equipment and Receptacle Assemblies for Brazilian Deep Water Projects
Texas Business reports: HOUSTON—Oil States International, announced its Oil States Industries subsidiary has been awarded a contract from Subsea 7 to supply 27 FlexJoint Steel Catenary Riser (SCR) terminations and 40 receptacle assemblies for the Guara and Lula NE oilfields in Brazil.
Full Story » TexasBusiness.com |
Critics Find Gaps in State Laws to Disclose Hydrofracking Chemicals
Texas Business reports: Over the past year, five states have begun requiring energy companies to disclose some of the chemicals they pump into the ground to extract oil and gas using the process of hydraulic fracturing. Full Story » by Nicholas Kusnetz of ProPublica |
Laredo Petroleum and Broad Oak Energy to Merge In $1 Billion Deal
Texas Business reports: Oklahoma’s Laredo Petroleum, LLC ("Laredo") and Dallas-based Broad Oak Energy Inc. entered into definitive agreements whereby Broad Oak will become a wholly-owned subsidiary of Laredo in exchange for aggregate consideration of approximately $1 billion.
Full Story » TexasBusiness.com |
DCP Midstream to Open NGL Access from the Midcontinent to the Texas Gulf Coast Texas Business reports: DCP Midstream reached an agreement to acquire the Seaway Products Pipeline Company from ConocoPhillips and create new natural gas liquids transportation capacity from the Midcontinent to the premium Texas Gulf Coast markets. Full Story » TexasBusiness.com |
Sidewinder Drilling Inc. Secures Equity Commitment of up to $125 Million From Avista Capital Partners Texas Business reports: HOUSTON—Sidewinder Drilling Inc., a Houston-based land drilling company, entered into an agreement with Avista Capital Partners, a private equity firm, to provide an equity commitment of up to $125 million. Full Story » TexasBusiness.com |
Breitling Oil and Gas Announces Spud of Breitling-Sandy Run #1 in Louisiana
Texas Business reports: IRVING—Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, announced that it has spud the Breitling-Sandy Run #1 prospect in St. Helena Parish, Louisiana. Full Story » TexasBusiness.com |
Texas Oil and Minerals Closes Bryan Estate Lease Acquisition Texas Business reports: Houston—Texas Oil and Minerals finalized the purchase of a twenty-five percent working interest in the Bryan Estate leases located in the Damon Mound Field in Brazoria County Texas. Full Story » TexasBusiness.com |
Houston’s Goodrich Petroleum Buys 74,000 Net Acres in the Tuscaloosa Marine Shale Oil Trend in Louisiana and Mississippi
Texas Business reports: Houston—Goodrich Petroleum Corporation purchased leases totaling approximately 74,000 net acres in the Tuscaloosa Marine Shale oil trend in Louisiana and Mississippi. Full Story » TexasBusiness.com |
Harvest Natural Resources Discovers Oil in the Pre-Salt Offshore Gabon
Texas Business: Houston—Harvest Natural Resources Inc. discovered oil in the wildcat well Dussafu Ruche Marin-1 (DRM-1) drilled in the Dussafu Marin PSC, in the offshore waters of Gabon, West Africa.
Full Story » TexasBusiness.com |
Carbon 'grapevine' may store hydrogen: Rice University lab shows potential of calcium/carbyne lattice to power vehicles Texas Business reports: A nanoscale grapevine with hydrogen grapes could someday provide your car's preferred vintage of fuel. Full Story » TexasBusiness.com |
Chevron Awards Baker Hughes Contract for Deepwater ESP Systems
Texas Business reports: Houston—Chevron U.S.A. Inc. awarded Baker Hughes a contract to supply electrical submersible pumping (ESP) systems and production packers for seven producing wells, plus mud line packers for three injection wells for their Gulf of Mexico deepwater Big Foot Project.
Full Story » TexasBusiness.com |
Houston Firm Wins DOD Contract Potentially Worth $114 Million Texas Business reports: A Houston firm won a contract potentially worth $114 million, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
VAALCO Energy Purchases Bakken Acreage
Texas Business reports: Houston—VAALCO Enegy Inc. announced a purchase from a privately held company of a 70% working interest in 5,214 acres in Sheridan County, Montana. The acreage directly adjoins the Flat Lake Field which successfully produces from the Middle Bakken formation.
Full Story » TexasBusiness.com |
UT Arlington licenses process to convert natural gas to clean, synthetic fuel
Texas Business reports: Arlington—The University of Texas at Arlington announced a licensing agreement with 1st Resource Group Inc. of Fort Worth to commercialize a new, efficient process for converting natural gas to clean, synthetic fuel at a cost lower than current market rates.
Full Story » TexasBusiness.com |
Joint Venture Secures Financing for Renewable Diesel Facility Texas Business reports: Irving—Darling International Inc. announced that Diamond Green Diesel LLC, its previously announced joint venture project with Valero Energy Corporation, has secured financing for the planned construction of its renewable diesel facility in Norco, Louisiana. Full Story » TexasBusiness.com |
Baltimore’s Constellation Energy to Buy Houston Retail Electric Provider For $142.5 Million
Texas Business reports: Baltimore-based Constellation Energy, signed a definitive merger agreement to acquire 100 percent of StarTex Power, a Houston retail electric provider with approximately 170,000 customers.
Full Story » TexasBusiness.com |
McDermott Wins $50 Million Pipeline Installation Project in Gulf of Mexico
Texas Business reports: McDermott International Inc. announced that one of its subsidiaries was won a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 inches in diameter, in Mexico’s Bay of Campeche. Full Story » TexasBusiness.com |

 From an Exxon Mobil ad that ran in the New York Times and the Washington Post. |
| Exxon Ad Makes Gas Drilling Seem Simpler—and Safer—Than It Really Is
ExxonMobil has been running a series of ads aimed at assuring people that shale gas drilling is safe. One of those ads, a full-page spread in Monday's New York Times and Washington Post, shows what a well looks like as it extends more than a mile and a half beneath the surface. It includes a close-up of the layers of steel and cement that are supposed to protect the surrounding earth from the gas and fluids inside the well pipe. Full Story » by Nicholas Kusnetz for ProPublica |
Harvest Natural Resources Completes the Sale of Utah Oil and Gas Assets for $215 Million and Pays Off $60 Million Term Loan Facility
Texas Business reports: Houston—Harvest Natural Resources Inc. completed the previously announced sale of HNR's oil and gas assets in Utah's Uinta Basin to an affiliate of Newfield Exploration Company for $215.0 million in cash. Full Story » Harvest Natural Resources Completes the Sale of Utah Oil and Gas Assets for $215 |
San Antonio Firm Wins $31.8 Million Defense Aviation Turbine Fuel Contract Texas Business reports: A San Antonio firm won a $31.8 million contract to supply aviation turbine fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Deer Park Firm Wins $313 Million Defense Aviation Fuel Contract Texas Business reports: A Deer Park, Texas firm won a $313 million contract to supply aviation turbine fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
San Antonio Firms Execute New-Build Rig Contract
Texas Business reports: San Antonio—Pioneer Drilling Company Inc. announced that it has executed three multi-year term contracts for new-build rigs, in addition to the new-build contract announced on May 5.
Full Story » TexasBusiness.com |
Houston Firm Wins $68.3 Million Defense Fuel Contract Texas Business reports: A Houston firm won a $68.3 million contract for aviation turbine fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |

 Photo by Abrahm Lustgarten/ProPublica |
| Gas Drilling Companies Hold Data Needed by Researchers to Assess Risk to Water Quality
For years the natural gas drilling industry has decried the lack of data that could prove—or disprove—that drilling can cause drinking water contamination. Only baseline data, they said, could show without a doubt that water was clean before drilling began.
Full Story » by Abrahm Lustgarten for ProPublica |
Tenaris S.A. Agrees to Pay $3.5 Million Criminal Penalty to Resolve Violations of the Foreign Corrupt Practices Act
Texas Business reports: Tenaris S.A., a publicly traded corporation headquartered in Luxembourg, has agreed to pay a $3.5 million penalty for violations of the Foreign Corrupt Practices Act (FCPA), and has entered into a non-prosecution agreement with the Department of Justice, announced Assistant Attorney General Lanny A. Breuer for the Justice Department’s Criminal Division.
Full Story » TexasBusiness.com |

 An old well pump sits idle off Hwy 287 in East Texas. Photo by Ray Bodden. |
| For Railroad Commission, New Name and New Fees
There appear to be sweeping changes on the way for the Railroad Commission of Texas. Full Story » By Mario Carillo For Reporting Texas |
Here Enterprises Advances Toward Sale of Wind Power, Files Distributed Generation Renewable Energy Service Application
Texas Business reports: San Antonio—Here Enterprises Inc., a developer of wind energy, is moving forward with its objective of generating profitable and clean wind energy at its Cycle Ranch project in Floresville, Texas. Full Story » TexasBusiness.com |
Tyler Firm Wins $24 Million Defense Fuel Contract
Texas Business reports: A Tyler firm won a $24 million defense fuel contract, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Dallas Firm Wins $35.6 Million Defense Fuel Contract
Texas Business reports: A Dallas firm won a $35.6 million aviation fuel contract, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Wilmar to Build Natural Alcohol Plant on Huntsman Site in Rotterdam
Texas Business reports: The Woodlands—Huntsman Corporation and Wilmar International Limited reached an agreement for Wilmar to build a state-of-the-art natural alcohol plant at Huntsman's chemical site in Rozenburg (Rotterdam, The Netherlands), and to supply natural alcohols to Huntsman. Full Story » TexasBusiness.com |
CDI Seals Buys Multiseals Pte Ltd of Singapore
Texas Business reports: Humble—CDI Seals, an oil and gas technology maker, bought Multiseals Pte Ltd located in Singapore in a strategic move to expand its markets.
Full Story » TexasBusiness.com |
Texas Rotary Rig Count Rises
Texas Business reports: The Texas rotary rig count sits at 817 this week, up one from last week, and up 174 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |

 University of Texas at Austin collaborators Meryl Stoller, Yanwu Zhu and Rodney Ruoff stand with a 3-D model of the new carbon material they have created. |
| Enhanced Electrical Energy Storage May Result from Research at The University of Texas at Austin
Texas Business reports: Austin—Researchers at The University of Texas at Austin's Cockrell School of Engineering have created a new porous, three-dimensional carbon that can be used as a greatly enhanced supercapacitor, holding promise for energy storage in everything from energy grids and electric cars to consumer electronics.
Full Story » TexasBusiness.com |
Rice University engineering students create portable, solar-powered emergency shelter
Texas Business reports: Rice University engineering students have constructed a portable disaster-relief shelter on campus, and their adviser was so confident in their work that he moved in.
Full Story » TexasBusiness.com |
Energy Transfer Partners and Regency Energy Partners To Build $350 Million Fractionation Facility at Mont Belvieu, Texas
Texas Business reports: Dallas—Energy Transfer Partners L.P. and Regency Energy Partners LP announced that Lone Star NGL LLC, the joint venture that acquired the midstream assets of Louis Dreyfus Highbridge Energy, will construct a 100,000-barrel per day natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas.
Full Story » TexasBusiness.com |
Measurement Of 'Hot' Electrons May Have Solar Energy Panel Payoff Texas Business reports: Basic scientific curiosity paid off in unexpected ways when Rice University researchers investigating the fundamental physics of nanomaterials discovered a new technology that could dramatically improve solar energy panels. Full Story » TexasBusiness.com |
Uranium Industry Study: $311 Annual Texas Economic Impact Texas Business reports: Texas’ uranium industry provides $311 million dollars annually in economic impact and more than 1,160 jobs to rural, underserved and often neglected Texas counties, according to a newly released study conducted by the Center for Economic Development and Research at the University of North Texas. Full Story » TexasBusiness.com |
New Braunfels Firm Win $69.4 Million Military Fuel Contract Texas Business reports: A New Braunfels company won a $69.4 million military contract to supply fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Former Houston Gas Trader Sentenced to Prison for $7.9 Million Wire Fraud Case
Texas Business reports: Houston—Former Houston gas trader Stephanie Roqumore has been sentenced by United States District Judge Lynn N. Hughes six years in federal prison without parole for defrauding numerous natural gas trading companies of nearly $8 million, United States José Angel Moreno announced. Full Story » TexasBusiness.com |
San Antonio Firm Wins $109 Million Defense Aviation Fuel Contract
Texas Business reports: A San Antonio firm won a $109 million contract to supply aviation fuel, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
China Makes Play For West Texas Wind Power
Texas Business reports: The Chinese are moving into West Texas wind power.
Full Story » TexasBusiness.com |
Virginia Firm Acquires Royalty Interest In Scurry County
Texas Business reports: Next Generation Energy Corp. acquired a royalty interest in an existing, producing natural gas and oil property located in the Permian Basin, Tri-Rue (Reef) Field, in Scurry County, Texas.
Full Story » TexasBusiness.com |

 A drilling rig in Dimock, Pa. (Abrahm Lustgarten/ProPublica) |
| Scientific Study Links Flammable Drinking Water to Fracking For the first time, a scientific study has linked natural gas drilling and hydraulic fracturing with a pattern of drinking water contamination so severe that some faucets can be lit on fire. Full Story » Abrahm Lustgarten for Pro Publica |
University of Texas Researchers to Conduct Comprehensive Study of Hydraulic Fracturing of Shale Gas
Texas Business reports: Austin—A research team at The University of Texas at Austin will conduct a comprehensive review of the science, policy and environmental issues surrounding hydraulic fracturing of shale gas. Full Story » TexasBusiness.com |
ONGC of India Awards Baker Hughes Deepwater Drilling, Evaluation Contract
Texas Business reports: Houston—Oil and Natural Gas Corporation (ONGC) of India awarded Baker Hughes a five-year contract to provide drilling and evaluation services and to manage third-party services for the Platinum Explorer drillship.
Full Story » TexasBusiness.com |
Baker Hughes Introduces Environmentally Preferred Fracturing Fluid Systems
Texas Business reports: As the controversy over the environmental impact of “fracing” continues, a Houston firm introduces a fracturing fluid system with what it calls “environmentally responsible chemistry.
Full Story » TexasBusiness.com |
Breitling Oil and Gas Develops Gulf Coast Onshore Acreage
Texas Business reports: Irving—Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving , has spud the Breitling-Salsa #1 in San Patricio County, Texas as it continues to develop its "Gulf Coast Onshore Initiative" that began in May 2010.
Full Story » TexasBusiness.com |
Harvest Natural Resources Commences Drilling Operations - Dussafu Project in Gabon
Texas Business reports: Houston—Harvest Natural Resources commended commenced drilling operations on the Ruche Marin-A exploration well located in the offshore waters of Gabon, West Africa.
Full Story » TexasBusiness.com |

 Largest solar photovoltaic system near Austin to be operational by year end. |
| Construction Begins on Webberville Solar, One of the Largest Solar PV Systems in the U.S.
Texas Business reports: Fotowatio Renewable Ventures (FRV) closed financing and began construction on the 30 megawatt (MW) Webberville Solar project just outside of Austin.
Full Story » TexasBusiness.com |
Universal Power Group Acquires Lithium-Ion Battery Pack Maker
Texas Business reports: Carrollton—Universal Power Group Inc., a Texas-based distributor and supplier of batteries and related power accessories, acquired for $3.3 million the assets and business of Progressive Technologies Inc. (PTI), a North Carolina-based battery pack manufacturer specializing in lithium-ion battery packs.
Full Story » TexasBusiness.com |
W&T Offshore Announces Permian Basin Acquisition
Texas Business reports: Houston—W&T Offshore Inc. (entered into a purchase and sale agreement with private sellers to acquire approximately 21,900 gross leasehold acres (21,500 net acres) in the West Texas Permian Basin for a purchase price of $366 million, subject to adjustments and an effective date of January 1, 2011.
Full Story » TexasBusiness.com |
Carrolton’s Varel International and NewTech Services Create Joint Venture To Drill Into Russia CIS Market
Texas Business reports: Carrollton’s Varel International and NewTech Services (NTS) announce the creation of a 50-50 joint venture company focused on manufacturing, assembling, servicing and sales of polycrystalline diamond compact (PDC) oil and gas drill bits for the Russian CIS market and beyond.
Full Story » TexasBusiness.com |
Houston’s KBR Wins Mississippi Contract For First U.S. Biomass-to-Renewable Crude Project
Texas Business reports: Houston’s KBR won an engineering, procurement and construction (EPC) contract by KiOR Inc. (KiOR) to build what is claimed to be first-of-its-kind biomass-to-renewable crude facility to be located in Columbus, Mississippi.
Full Story » TexasBusiness.com |

 Copano Energy |
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| Copano Energy Announces $145 Million Expansion of Houston Central Processing Capacity
Texas Business reports: Houston—Copano Energy LLC, plans to expand processing facilities at its Houston Central complex, located in Colorado County, Texas, in response to producer demand in the rapidly developing Eagle Ford Shale play.
Full Story » TexasBusiness.com |

 Treaty Energy |
| Treaty Energy Acquires Two Producing Oil Leases
Texas Business reports: Treaty Energy Corporation, an oil and gas company, announced it acquired two additional leases in Texas, the Shotwell WF and the Shotwell C leases.
Full Story » TexasBusiness.com |

 U.S. Patent 7,874,381: Pneumatic line deicing system |
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| Longview Man Invents Deicing Method For Drilling Rig Pneumatic Lines
Texas Business reports: A Longview man recently received a patent for a method to deice pneumatic lines on drilling rigs.
Full Story » TexasBusiness.com |
Bionic Products Inc. to Buy Texas Oil and Minerals Inc., Name Tom Gouger Chief Executive
Texas Business reports: Houston—Bionic Products Inc. plans to buy Texas Oil and Minerals Inc., an oil and minerals exploration and drilling company operational in the Southwest and active in operations in acquiring oil and gas leases.
Full Story » TexasBusiness.com |
Nuevo Midstream Launches with $65 Million Equity Commitment
Texas Business reports: Houston—Nuevo Midstream, LLC secured a $65 million equity commitment to support formation of the company.
Full Story » TexasBusiness.com |
R360 Acquires New Total Recycling Center Servicing the Permian Basin Region
Texas Business reports: Houston—R360 Environmental Solutions Inc. bought a fresh water and caliche sales depot near Stanton, Texas where it will begin the development of a new Total Recycling Center situated to serve the Permian Basin's Wolfberry trend.
Full Story » TexasBusiness.com |
Statoil Joins Marine Well Containment Company
Texas Business reports: Houston—The Marine Well Containment Company (MWCC) announced that Statoil has joined as a member.
Full Story » TexasBusiness.com |
HKS Designs Wind Turbines to Generate Power for New UNT Football Stadium
Texas Business reports: Denton—A Dallas firm is designing what is claimed to be the first alternative energy system for a college football stadium. Full Story » TexasBusiness.com |
Genesis Energy Expands Texas Crude Oil Infrastructure and Refinery Services Operating Footprint
Texas Business: Houston—Genesis Energy L.P. entered into several agreements and commenced work to expand its crude oil pipeline and terminaling capabilities in the upper Texas coast and to expand its refinery services operating footprint with a new sour gas processing facility.
Full Story » TexasBusiness.com |
TXU Energy To Install 120 Electric Vehicle Charging Station
Texas Business reports: TXU Energy plans to install 70 electric vehicle charging locations in Dallas/Fort Worth and 50 in Houston by the end of 2012 with half in place in the eVgo Network by this summer, officials announced.
Full Story » TexasBusiness.com |
Texas Rare Earth Resources Initiates Stream Sediment Sampling Program
Texas Business reports: Houston—As China continues to clamp down on the world’s supply of rare earth minerals, a Texas firm is searching for more sources in the Trans-Pecos region of West Texas.
Full Story » TexasBusiness.com |
Dubai, Houston Firm Form Gas Shale Development Company
Texas Business reports: Dubai’s LMKR, a global geoscience technology and consulting services provider focused on resolving the challenges associated with unconventional oil and gas exploration and production, formed a strategic partnership with Houston’s Object Reservoir, a provider of reservoir analysis services and technology to the exploration and production industry.
Full Story » TexasBusiness.com |
Oil And Gas Lease Breaks Texas Permanent School Fund Record
Texas Business reports: Austin—Competition for oil and gas leases on Permanent School Fund lands in West Texas earned more than $108 million for the Permanent School Fund, a total that’s more than twice the previous record set in 1979.
Full Story » TexasBusiness.com |
DeWind Co Buys of 20 MW Wind Project in Frisco
Texas Business reports: DeWind Co, a wholly owned subsidiary of Daewoo Shipbuilding and Marine Engineering Co. Ltd acquired the rights for the 20 MW Frisco wind project, located in the northern-most portion of Hansford County, Texas, from developer Distributed Wind Systems LLC, of Guymon, Oklahoma.
Full Story » TexasBusiness.com |
Ontility Opens New Distribution Center and Retail Store in Houston
Texas Business reports: Houston—Ontility plans to open one of the largest solar products distribution centers in the solar industry next month.
Full Story » TexasBusiness.com |
Koch Pipeline Company Planning Another Eagle Ford Crude Oil Pipeline in Texas
Texas Business reports: Koch Pipeline Company L.P. plans to build a crude oil pipeline from Pettus, Texas to Corpus Christi to move more Eagle Ford production.
Full Story » TexasBusiness.com |
American International Industries Receives $15 Million Offer For Galveston County Waterfront Property
Texas Business reports: Houston and Kemah—American International Industries Inc. announced that it received an offer of $15 million to purchase the 287 acres owned by the company located in Galveston County.
Full Story » TexasBusiness.com |
Patterson-UTI Reports Drilling Activity for March 2011
Texas Business reports: Houston—Patterson-UTI Energy Inc. reported that for the month of March 2011, the company had an average of 208 drilling rigs operating, including 195 rigs in the United States and 13 rigs in Canada.
Full Story » TexasBusiness.com |
Texas Rotary Rig Count Up
Texas Business reports: The Texas rotary rig count sits at 791 this week, up 21 from last week, and up 163 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Littlefield Corporation Announces Mineral Lease
Texas Business reports: Austin—Littlefield Corporation signed a mineral lease which allows for the exploration and production of oil and gas on its Ambler Bingo property in Abilene.
Full Story » TexasBusiness.com |
NuStar and TexStar Plan to Expand Infrastructure to Move Eagle Ford Shale Crude and Condensate to South Texas
Texas Business reports: San Antonio—NuStar Logistics L.P. and TexStar Midstream Services LP today announced that they have signed a letter of intent to develop a new pipeline system to transport Eagle Ford Shale crude and condensate to Corpus Christi.
Full Story » TexasBusiness.com |
Texas Rotary Rig Count Rises
Texas Business reports: The Texas rotary rig count sits at 770 this week, up four from last week, and up 147 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Enterprise and Anadarko Enter Into Additional Midstream Services Agreement in the Eagle Ford Texas Business reports: Enterprise Products Partners L.P. signed a six-year agreement to provide Anadarko Petroleum Corporation with a package of midstream services in the Eagle Ford Shale play of South Texas. Full Story » TexasBusiness.com |
Texas Railroad Commission Monthy Oil And Gas Statistics Texas Business reports: The Texas Railroad Commission issued a total of 1,696 original drilling permits in February 2011 compared to 1,403 in February 2010. Full Story » TexasBusiness.com |
Forced Outage List – ERCOT Final Update Posted
Texas Business reports: The Electric Reliability Council of Texas, which initiated controversial rolling blackouts in early February, released the final list of forced outages during last month’s severe weather event.
Full Story » TexasBusiness.com |
Exterra Energy Inc. Updates Merger Activity
Texas Business reports: Amarillo—Exterra Energy Inc. gave an update on its intent to merge with a qualified merger candidate.
Full Story » TexasBusiness.com |

 M. Karen Newell Rogers |
| Texas Cancer Research Leads To Potential Biofuels Source For Commercial Production
Texas Business reports: Cancer research leads to new fuel?
That's what an energy company claims. A surgical research professor with Texas A&M and Scott and White Hospital in Temple discovered a process that will be used in commercial biofuels production.
Full Story » TexasBusiness.com |
Exterran Holdings Inc. Closes Over-Allotment Sale of Common Units
Texas Business reports: Exterran Holdings Inc. and Exterran Partners L.P. announced that the underwriters of the previously announced secondary offering by Exterran Holdings of 5,250,000 common units representing limited partner interests in Exterran Partners at $28.65 per common unit, which closed on March 4, 2011, partially exercised their over-allotment option and purchased an additional 664,466 common units.
Full Story » TexasBusiness.com |
Williams Energy, Inc. Makes Deal to Increase Stake in Delaware Basin Oil Play
Texas Business reports: Midland—A Midland firm has contracted with an Oklahoma company to increase its stake in the Deleware Basin mineral interests of Texas.
Full Story » TexasBusiness.com |
Aztec Completes Well in Karnes County
Texas Business reports: Houston—Aztec Oil & Gas Inc. announced a completion in the Upper Gulf Coast, located in southern Karnes County.
Full Story » TexasBusiness.com |
Midland’s Dawson Geophysical and Plano’s TGC Industries To Merge In $157 Million Transaction
Texas Business reports: Midland—Dawson Geophysical Company and TGC Industries Inc. entered into a merger agreement dated March 20, 2011 whereby Dawson will acquire TGC in a tax-free stock-for-stock transaction. Full Story » TexasBusiness.com |
Midland Company Wins $11 Million Fuel Supply Contract
Texas Business reports: A Midland firm won an $11 million federal fuel contract.
Full Story » TexasBusiness.com |
Plano Firm Wins $71 Million Worth Of Federal Fuel Contracts
Texas Business reports: A Plano firm won two contracts tototing a $53 million contract to supply fuel to federal government agencies and military.
Full Story » TexasBusiness.com |
DKRW Advanced Fuels Signs Major Contract for Sale of CO2
Texas Business reports: Houston—A Houston firm will buy carbon dioxide captured from a gasification and liquefaction firm in Wyoming.
Full Story » TexasBusiness.com |
Explortex Energy to Drill Five-Well Project Texas Business reports: Katy—Explortex Energy Inc. filed form 8K on March 15, disclosing and completing the farm in, known as the Bryson Project, to an 80 percent working interest in a 75 percent net revenue lease on more than 300 acres in Jack County from Borderline Operating Corp. Full Story » TexasBusiness.com |
Texas Railroad Commissioners Buck The EPA, Find Range Resources’ Natural Gas Not Source in Parker County Water Wells Texas Business reports: In another episode of the war between the EPA and the state of Texas, Texas Railroad Commissioners Tuesday ruled that Range Resources’ natural gas wells be allowed to continue to produce and that the wells are not causing or contributing to contamination of any Parker County domestic water wells. Full Story » TexasBusiness.com |

 South Texas Project |
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| South Texas Project Development Slowed to Await Guidance on Nuclear Generation Regulatory Requirements
Texas Business reports: Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy Inc. and Toshiba Corporation is reducing the scope of development units 3 and 4 at the South Texas Project expansion to allow time for the U.S. Nuclear Regulatory Commission (NRC) and other nuclear stakeholders to assess the lessons that can be learned from the events in Japan.
Full Story » TexasBusiness.com |
Houston’s Mainland Believes Mississippi Gas Well More Than 500 Billion Cubic Feet per Section
Texas Business reports: Houston—Mainland Resources Inc. received data that supports both higher adsorbed and free gas in place relative to previously reported volumes of gas in place on its Burkley Phillips No. 1 Well in Jefferson County, Mississippi.
Full Story » TexasBusiness.com |

 Ward County |
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| Arizona Firm Buys Texas Energy Properties
Texas Business reports: An Arizona firm bought several energy properties in Texas.
Full Story » TexasBusiness.com |
Valero Energy to Buy Chevron’s Pembroke Refinery, Marketing and Logistics Assets in the U.K. and Ireland for $730 Million
Texas Business reports: Valero Energy Corporation will buy Chevron’s Pembroke refinery in Wales, U.K., as well as extensive marketing and logistics assets throughout the United Kingdom and Ireland, for $730 million, excluding working capital. Full Story » TexasBusiness.com |
Swift Energy Makes South Texas Midstream Service Agreements
Texas Business reports: Swift Energy Company entered into a long term agreement for natural gas gathering, processing and transportation services in South Texas with Southcross Energy GP LLC and its affiliates.
Full Story » TexasBusiness.com |
Houston’s Newpark Resources to Acquire Australian Drilling Fluids Business
Texas Business reports: Newpark Resources Inc. entered into a definitive agreement with Rheochem PLC to acquire its drilling fluids and engineering services unit.
Full Story » TexasBusiness.com |
Houston Firm Wins $38 Million Fuel Contract
Texas Business reports: A Houston firm won a $38 million fuel contract, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Houston Firm To Buy Two Oil and Gas Producing Properties for $1 Billion
Texas Business reports: Legend Natural Gas IV LP signed two definitive purchase agreements to acquire oil and gas producing properties for a total combined price of approximately $1 billion subject to customary closing conditions and purchase price adjustments. Full Story » TexasBusiness.com |
Waco Firm Wins $8 Million Federal Fuel Contract
Texas Business reports: A Waco company won an $8 million contract to provide fuel to the federal government, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Kerrville's Quest Oil To Acquire Coleman County Lease
Texas Business reports: Kerrville—Quest Oil Corp. has initiated the acquisition of a 540-acre oil, gas and mineral lease located in Coleman County.
Full Story » TexasBusiness.com |
Fort Worth Firm Wins $19 Million Federal Fuel Contract
Texas Business reports: A Fort Worth firm won a $19 million contract to supply fuel, the U.S. Department of Defense.
Full Story » TexasBusiness.com |
Enterprise Acquisition of West Texas Pipeline Provides Strategic Foothold in Emerging Permian Basin Play
Texas Business reports: Houston—Enterprise Products Partners L.P. bought a 39-mile carbon dioxide pipeline which will be converted to crude oil service in connection with the partnership’s strategy to expand its gathering system in the Permian Basin of West Texas.
Full Story » TexasBusiness.com |
Concho Resources Agrees to Sell Its Bakken Assets for $196 Million
Texas Business reports: Midland’s Concho Resources Inc. signed a definitive agreement with Linn Energy to sell its North Dakota Bakken assets for $196 million.
Full Story » TexasBusiness.com |
West Texas Intermediate Crude
Texas Business reports: West Texas Intermediate crude oil prices edged up 0.2 percent to $89.58 per barrel in February, according to the Federal Reserve Bank of Dallas.
Full Story » TexasBusiness.com |
Texas Attorney General’s Office Charges Freeport Industrial Facility With Violating Texas Environmental Laws
Texas Business reports: The Texas Attorney General’s office charged Gulf Chemical & Metallurgical Corporation (GCMC) with violating Texas environmental protection laws.
Full Story » TexasBusiness.com |
CB&I Awarded FEED Contract for Sohar Refinery in Oman
Texas Business reports: The Woodlands—C B & I won a contract valued in excess of $40 million by the Oman Refineries and Petrochemical Company for the front end engineering and design (FEED) and project management services for the Sohar Refinery Expansion Project in the Sultanate of Oman.
Full Story » TexasBusiness.com |
Mitcham Industries Buys 3000 Channels of Sercel Cable-free UNITE Technology
Texas Business reports: Huntsville—Mitcham Industries Inc. plans to buy 3,000 channels of Sercel's UNITE cable-free land acquisition system.
Full Story » TexasBusiness.com |
Houston Firm Receives First Deepwater Drilling Permit To Meet Important New Safety Standards in Gulf of Mexico
Texas Business reports: A Houston firm won approval the first deepwater drilling permit since the Deepwater Horizon explosion and resulting oil spill from the Bureau of Ocean Energy Management, Regulation and Enforcement.
Full Story » TexasBusiness.com |
Holly Corporation and Frontier Oil Corporation To Merge
Texas Business reports: A Houston and Dallas companies have merged to create a $7 billion refining company to be based in Dallas.
Full Story » TexasBusiness.com |
Kirby Corporation Signs Agreement to Purchase United Holdings LLC
Texas Business reports: Houston—Kirby Corporation reached an agreement to buy United Holdings LLC, a distributor and service provider of engine and transmission related products for the oil and gas services, power generation and transportation industries, and manufacturer of oilfield service equipment.
Full Story » TexasBusiness.com |
Texas Allied Petroleum Announces Commercial Production Achieved in Main Pass
Texas Business reports: Texas Allied Petroleum announced that sustained commercial production of crude oil was achieved in October of 2010 from the Main Pass 35 platform in Plaquemines Parrish, Louisiana. Full Story » TexasBusiness.com |
Texas Rotary Rig Count Inches Down
Texas Business reports: The Texas rotary rig count sits at 738 this week, down nine from last week, but up 173 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Mogul Energy acquires oil, gas lease rights in Texas Texas Business notes this story by the Energy Business Review: Oil and gas exploration company Mogul Energy International has acquired oil and gas rights on more than two dozen leases in Jackson County, Texas. Full Story »
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Arlington Firm Wins $12.6 Million Air Force Base Fuel Distribution Build Contract
Texas Business reports: An Arlington firm won a $12.6 million contract to build a fuel distribution system for the military, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Amarillo Firm Wins $14.8 Million Military Fuel Contract
Texas Business reports: An Amarillo firm won a $14.8 million contract to provide fuel to the U.S. Military, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Tiga Energy Services Enters Joint Venture to Deploy Blended Renewable Energy Plants
Texas Business reports: An Austin firm entered into a joint venture to build what it calls the first blended energy power plant in Texas. Full Story » TexasBusiness.com |
Uranium Resources Completes Initial Testing On Cores Recovered from Ambrosia Lake Property
Texas Business reports: Lewisville-based Uranium Resources Inc. announced that a third-party laboratory analysis of the approximately 70 feet of cores recovered from its Ambrosia Lake property showed low organic carbons, which, in URI’s opinion, indicates that some of the 860,000 pounds of in-place mineralized material at this property may be amenable to in situ recovery (ISR) mining.
Full Story » TexasBusiness.com |
ExxonMobil Subsidiary Drills World’s Longest Extended-Reach Well
Texas Business reports: Irving-based Exxon Mobil’s subsidiary recently drilled what is called the world’s longest “extended reach well” at 7.67 miles. Full Story » TexasBusiness.com |
Here Enterprises Conducting Wind Turbine Site Selection at Cycle Ranch
Texas Business reports: Here Enterprises Inc. is conducting site selection at its fully owned subsidiary and national motocross track Cycle Ranch near San Antonio. Full Story » TexasBusiness.com |
Approach Resources Inc. Acquires 10,900 Net Acres in Wolffork Oil Shale Play
Texas Business reports: A West Texas energy company bought 10,900 acres in an important oil shale play. Full Story » TexasBusiness.com |
KiOR Receives Loan Guarantee Term Sheet for Over $1 Billion Project From U.S. Department of Energy
Texas Business reports: Pasadena, Texas-based KiOR Inc. received a term sheet for a loan guarantee supporting an over $1 billion biofuels project from the U.S. Department of Energy’s Loan Guarantee Program.
Full Story » TexasBusiness.com |
Mainland Resources and American Exploration Merger Update
Texas Business reports: Mainland Resources Inc. provides an update on the merger agreement between Mainland and American Exploration:
Full Story » TexasBusiness.com |
Rotary Rig Count
Texas Business reports: The Texas rotary rig count sits at 740 this week, down one from last week, and up 202 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Houston’s Endicott Biofuels LLC to Build 30-Million Gallon-per-Year Biorefinery at Por Arthur KMTEX Facility
Texas Business reports: Endicott Biofuels LLC (EBF) has signed an agreement with KMTEX Ltd. (KMTEX) to construct a 30-million gallon-per-year biorefinery in Port Arthur that will employ EBF's proprietary technology for the production of high-purity G2 Clear™ biodiesel.
Full Story » TexasBusiness.com |
Texas Rotary Rig Count Increases
Texas Business reports: The Texas rotary rig count sits at 741 this week, up 10 from last week and up 213 from a year ago, according to Baker Hughes.
Full Story » Texas Business |
ZEEP Buys Beaumont Gasification Project
Texas Business reports: A multinational energy company bought a Beaumont energy plant, officials announced.
Full Story » Texas Business |
Riverstone Ups Its Texas Energy Investment
Texas Business reports: A New York firm upped its investment in an Austin energy company and acquired more properties in the Permian Basin.
Full Story » TexasBusiness.com |
Green Star Energies Completes Reverse Takeover With North Texas Energy Texas Business reports: Green Star Energies Completes Reverse Takeover With North Texas Energy Full Story » TexasBusiness.com |
PSEG Power Enters Into Agreement to Sell Odessa, Guadalupe Power Plants
Texas Business reports: PSEG Power, a subsidiary of Public Service Enterprise Group is selling its Texas generating plants.
Full Story » TexasBusiness.com |
TGC Industries Deploys Additional Seismic Field Acquisition Crews in the U.S. and Canada
Texas Business reports: A Plano-based seismic field acquisition firm expands substantially during the end of 2010. Full Story » TexasBusiness.com |
Texas Rotary Rig Count Goes Up
Texas Business reports: The Texas rotary rig count sits at 733 this week, up two from last week, and up 235 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
2011 may be a gusher in South Texas
Texas Business notes this story by Brett Clanton of the Houston Chronicle: Though still facing uncertainty on many fronts as 2011 begins, the oil and gas industry knows one thing: It likes what it sees in South Texas. Full Story »
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Liberty Energy re-enters two wells in Texas Texas Business notes this story by Energy Business Review: Liberty Energy has successfully re-entered two wells and drilled out one well on the Lockhart Lease, Texas. Full Story »
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Doral Energy Corp. Closes Business Merger; Changes Name to Cross Border Resources
Texas Business reports: Doral Energy Corp. and Pure Energy Group completed a merger, forming Cross Border Resources Inc. of San Antonio.
Full Story » TexasBusiness.com |
Illinois Firm Acquires Harbison-Fischer of Texas for $402 Million
Texas Business reports: An Illinois firm bought a Texas oil & gas service provider for more than $400 million.
Full Story » TexasBusiness.com |
West Texas 'clean coal' plant leaps big obstacle Texas Business notes this story by the Fort Worth Star-Telegram: A proposed $2.2 billion "clean coal" plant in West Texas has leapt a major regulatory hurdle, receiving approval from the Texas Commission on Environmental Quality for an air-quality permit. Full Story »
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Comanche Peak expansion opponents suffer blow in panel's ruling Texas Business notes this story by Jack Z. Smith the Fort Worth Star Telegram: Opponents of a multibillion-dollar expansion of the Comanche Peak nuclear power plant suffe plant suffered another major blow when an Atomic Safety and Licensing Board panel dismissed three of four remaining contentions against the proposed construction of two new reactors. Full Story »
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Austin-based Cielo to build $100 million wind farm west of Amarillo Texas Business notes this story by Laylan Copelin of the Austin American-Statesman: Austin-based Cielo Wind Power has signed an agreement with Xcel Energy, a utility with operations in eight states, to build a $100 million-plus wind farm west of Amarillo. Full Story »
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Houston’s Atmos Wins $39 Million Defense Logistics Natural Gas Contract Texas Business reports: A Houston firm won a $39 million natural gas contract, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
El Paso Firm Lands $111 Million Aviation Fuel Contract
Texas Business reports: An El Paso firm won a $111 million aviation fuel contract, the U.S. Department of Defense announced.
Full Story » Texas Business |
Houston Firm Wins Defense Logistics Aviation Fuel Contract Texas Business reports: A Houston firm won a $239 million contract for aviation fuel, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
San Antonio Firm Lands $249 Aviation Fuel Contract
Texas Business reports: A San Antonio firm won a $249 million aviation fuel contract for the Defense Logistics Agency.
Full Story » Texas Business |
Nevada Firm Buys Texas Wind Energy Development Project
Texas Business reports: A Las Vegas-based company bought a Texas wind firm, officials announced.
Full Story » Texas Business |
Milagro Acquires RWG Energy Assets In North Texas Texas Business reports: Milagro completed a $43 million purchase of certain North Texas assets from RWG Energy, Inc., a wholly owned subsidiary of RAM Energy Resources, Inc. Full Story » TexasBusiness.com |
DOE Announces First Three Texas Companies to Receive Industrial Energy Efficiency Certification
Texas Business reports: The U.S. Department of Energy (DOE) certified the first industrial plants in the country under the Superior Energy Performance program—a new, market-based industrial energy efficiency program. Full Story » Texas Business |
Shell Sells South Texas Gas Fields For $1.8 Billion
Texas Business reports: Shell is selling its South Texas gas fields group to OXY USA Inc., a subsidiary of Occidental Petroleum Corp., for approximately $1.8 billion. Full Story » Texas Business |
Rotary Rig Count Up
Texas Business reports: The Texas rotary rig count sits at 753 this week, up four from last week and up 295from a year ago, according to Baker Hughes.
Full Story » Texas Business |
EPA Orders Fort Worth Range Resources To Take Immediate Action Texas Business reports: The U.S. Environmental Protection Agency (EPA) ordered a Fort Worth natural gas company to take immediate action to protect homeowners living near one of its drilling operations who have complained about flammable and bubbling drinking water coming out of their tap. Full Story » Texas Business |
Rotary Rig Count Inches Up
Texas Business reports: The Texas rotary rig count sits at 749 this week, up four from last week and up 298 from a year ago, according to Baker Hughes. Full Story » Texas Business |
Houston Firm Signs Agreement with Clean Coal Technologies
Texas Business reports: A Houston firm signed an agreement with a Manhattan-based coal technology company. Full Story » Texas Business |
NINA Announces Newly Developed EPC Consortium to Advance South Texas Project Texas Business reports: Nuclear Innovation North America LLC (NINA), the nuclear development company jointly owned by NRG Energy, Inc. and Toshiba Corporation has awarded the engineering, procurement and construction (EPC) contract for South Texas Project Units 3 and 4 to a restructured EPC consortium (the Consortium) formed by Toshiba America Nuclear Energy Corporation, a US based Toshiba subsidiary, and The Shaw Group Inc. Full Story » Texas Business |
Macquarie Energy and Freeport LNG Expansion, L.P. to Jointly Develop U.S. LNG Export Project
Texas Business reports: Macquarie Energy, the North American energy marketing and trading arm of Macquarie Group, and Freeport LNG Expansion LP reached an agreement to jointly develop and market liquefaction capacity at Freeport LNG's existing liquefied natural gas (LNG) import terminal near Freeport.
Full Story » Texas Business |
Halek Energy LLC Receives Halek Caddo Oil Field Designation From Texas Railroad Commission Texas Business reports: Halek Energy LLC received Texas Railroad Commission approval to designate a productive oil field in Jack County as Halek (Caddo). Full Story » Texas Business |
Valero Energy Sells Interest in largest Gulf Pipeline System to Genesis Energy Texas Business reports: Houston’s Genesis Energy LP completed the acquisition of San Antonio’s Valero Energy Corporations’ indirect 50 percent equity interest in Cameron Highway Oil Pipeline Company), a joint venture that owns and operates the largest crude oil pipeline system in the Gulf of Mexico. Full Story » Texas Business |
Osyka Signs Letter of Intent to Acquire Una West Oil Field Texas Business reports: Osyka Corporation, a Houston-based energy company specializing in exploration, production, development, and acquisition of oil and gas properties, signed a letter of intent with Viper SWD LLC to acquire Una West Field, an oil field located in Victoria County. Full Story » TexasBusiness.com |
Deloitte: Sunoco foresees higher US refining operating costs Texas Business notes this story by Paula Dittrick of Oil & Gas Journal: US refiners are likely to keep plants running if they can maintain cash-positive operations despite a glut of US downstream capacity and weak margins, Sunoco Inc. Chairman, Chief Executive Officer, and Pres. Lynn Elsenhans told the Deloitte LLP oil and gas conference in Houston Full Story »
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Rotary Rig Count
Texas Business reports: The Texas rotary rig count sits at 739 this week, up seven from last week, and up 298 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Houston Firm Wins $8 Million Energy Supply Contract
Texas Business reports: A Houston firm won an $8 million contract to supply energy to several federal civilian agencies, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Koch Pipeline Company Expands Texas Crude Oil Pipeline Capabilities
Texas Business reports: Koch Pipeline Company LP is seeking corporate approval to further expand its South Texas Crude oil system.
Full Story » TexasBusiness.com |
Kinder Morgan/Copano Energy JV Enters Into Eagle Ford Shale Gas Services Agreement With Chesapeake Energy Corporation
Texas Business reports: Eagle Ford Gathering LLC, a 50/50 joint venture between Kinder Morgan Energy Partners LP and Copano Energy LLC reached an agreement to provide services to Chesapeake Energy Marketing Inc., an affiliate of Chesapeake Energy Corporation in the Eagle Ford Shale play in South Texas. Full Story » TexasBusiness.com |
Texas officials visit China to examine coal industry Texas Business notes this story by Asher Price of the Austin American-Statesman: A half-dozen high-ranking Texas officials are visiting China to take a look at some of that nation’s coal-burning power plants. Full Story »
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 Twentynine Palms Ground Array. |
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| Marines Order $37.8 Million of Solar Power Equipment from Austin Firm
Texas Business reports: An Austin firm won a $37.8 million order for design and construction of a solar power center for U.S. Marines, the U.S. Department of Defense announced.
Full Story » TexasBusiness.com |
Rotary Rig Count
Texas Business reports: The Texas rotary rig count sits at 732 this week, up 12 from last week, and up 300 from a year ago, according to Baker Hughes. Full Story » TexasBusiness.com |
EVSO Signs Partner Agreement with Solar-Nomics Texas Business reports: The Woodlands—Evolution Solar Corporation signed a partner agreement with Denver solar energy services company Solar-Nomics. Full Story » TexasBusiness.com |
Poll Finds Mixed Reaction To Tenaska In Sweetwater Texas Business notes this story by Laura Madison of KTXS News: Emotions run high surrounding the proposed Tenaska coal-fired power plant, but what do Sweetwater residents think about it? Full Story »
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Uranium Resources Plans to Explore Texas Ranch For Uranium
Texas Business reports: A Lewisville mining firm plans to prospect on a Texas ranch property for uranium. Full Story » TexasBusiness.com |
California Firm Buys Carthage Wastewater Company For $66 Million
Texas Business reports: A California firm bought Carthage oilfield wastewater company. Full Story » TexasBusiness.com |
Rotary Rig Count
Texas Business reports: The Texas rotary rig count sits at 720 this week, up four from last week, and up 313 from a year ago, according to Baker Hughes.
Full Story » TexasBusiness.com |
Oklahoma Firm Sell North Texas Gas Assets for $43.7 Million
Texas Business reports: An Oklahoma firm is selling its North Texas energy properties to a private firm. Full Story » TexasBusiness.com |
James Cameron, Schwarzenegger team up to terminate Texas oilmen Read more: http://www.sfgate.com/cgi-bin/blogs/nov05election/detail?entry_id=75849#ix Texas Business notes this story by the San Francisco Chronicle: Texas oil companies are the villains in the latest production by Academy Award-winner James Cameron, the director behind movie blockbusters including "Terminator," "Titanic" and "Avatar. Full Story »
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Houston Firm Wins $50 Million In Contracts To Work On Australia Natural Gas Project
Texas Business reports: A Houston-area company won contracts totaling more than $50 million to work on an Australian liquefaction and regasification terminal. Liquefied natural gas is used to transport natural gas over long distances, often by sea. Full Story » TexasBusiness.com |
Berry Petroleum To Spend $175 Million To Buy West Texas Oil Properties
Texas Business reports: Berry Petroleum Company plans to buy $175 million in the Wolfberry trend of West Texas in the Permian Basin, it announced in a press release.
Full Story » TexasBusiness.com |
TPG Gets Giddy Over Texas-Pacific World Series Texas Business recommends this story by Peter Lattman of the New York Times: Truth be told, this DealBook reporter is having a tough time getting excited over tonight’s World Series between two teams not from the Bronx. Full Story »
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Helix ESG Announces Startup of Phoenix Production
Texas Business reports: After Hurricane Rita destroyed a competitor’s deepwater oil rig four years ago, a Houston firm was able to buy it and rebuild the well for profit. Full Story » TexasBusiness.com |
Gateway Acquires Pipeline Assets From Laser for $1.1 Million
Texas Business reports: Houston—Gateway Energy Corporation acquired natural gas pipeline assets from Laser Pipeline Company LP for $1.1 million, company officials announced. Full Story » TexasBusiness.com |
Company to test clean coal technology at power plant Texas Business notes this story by Wes Swift of the Fort Bend Sun: A Fort Bend County power plant is on the cutting edge of a new technological wave that seeks to cut down the emissions from coal-powered power plants. Full Story »
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Corpus Christi Firm Identifies Oil Drilling Targets By Studying Illinois Coal Data
Texas Business reports: CORPUS CHRISTI—A Texas oil company has identified several potential oil fields in Illinois by studying old Illinois geological surveys of coal. Full Story » TexasBusiness.com |
San Antonio Firm Wins $180.7 Million Military Aviation Fuel Deal Texas Business reports: A San Antonio refiner won a $180.7 million, one year contract to supply aviation fuel to the U.S. military in Corpus Christi, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Despite Pollution Worries, Texas Builds Coal Plants Texas Business notes this story by Kate Galbraith of the Texas Tribune: So what if coal, the dirtiest of the fossil fuels, faces tightening air-pollution standards from federal regulators? Full Story »
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What's Inside A Wind Turbine Texas Business notes this story by Braid Blanks of KTXS News: They dot the horizon from Albany to Amarillo but rarely does the public ever see what's inside of wind turbines. Full Story »
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White House to Lift Ban on Deep-Water Drilling Texas Business notes this story by Peter Baker of the New York Times: The Obama administration on Tuesday plans to announce that it is lifting the moratorium on deep-water oil drilling, after putting in place new rules intended to tighten safety. Full Story »
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Uranium Energy Corp Announces Major Advance with Permitting for Goliad ISR Project in South Texas Texas Business reports: CORPUS CHRISTI—Uranium Energy Corp announced the Company's Goliad In-Situ Recovery (ISR) Project in South Texas has made a major advance toward becoming permitted for production. Full Story » TexasBusiness.com |
Chinese oil company, Chesapeake Energy enter deal for shale project in Texas Texas Business notes this story by Steven Mufson of the Washington Post: The China National Offshore Oil Corp. will pay Chesapeake Energy $2.2 billion for a one-third interest in a South Texas oil and natural gas shale project and will pay billions of dollars more for its share of development costs over the next several years. Full Story »
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Talisman, Statoil to Buy, Operate Texas Oil Shale Texas Business notes this story by Dan Hart of Bloomberg Businessweek: Talisman Energy Inc., the Canadian oil and natural gas explorer, and Statoil ASA, Norway’s largest oil and gas company, said they agreed to pay $1.33 billion for oil shale properties in the Eagle Ford formation in South Texas and form a joint venture to develop the fields. Full Story »
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Texas Rare Earth Resources Corp. Announces Lease on Heavy Rare Earth Deposit at Round Top Mountain Texas Business reports: TYLER—Texas Rare Earth Resources Corporation, formerly Standard Silver Corporation, announced it has executed a 20-year lease ith the Texas General Land Office covering 860 acres at Round Top Mountain in Hudspeth County. Full Story » TexasBusiness.com |
Fighting Big Texas Oil in California Texas Business notes this blog by Pretti Vissa of the Huffington Post: The fight over Proposition 23 in California has gotten national attention, and understandably so. This attempt by two Texas oil companies to roll back California's landmark clean energy law could deal a major blow to efforts to address pollution and climate change nationwide. Full Story »
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Texans seek industry legal protection from higher ethanol use Texas Business notes this story by Darren Goode of The Hill: Texas lawmakers in both parties are seeking legal protection for oil refiners and others that fear exposure to costly lawsuits if EPA allows an increase in the amount of ethanol blended into gasoline. Full Story »
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Looking past the Texas oil company stereotype in California's Prop 23 fight Texas Business notes this story by Chris O'Brien of the San Jose Mercury News: In fighting Proposition 23, the ballot measure that would all but kill California's landmark environmental legislations, opponents have settled on a fairly simple narrative Full Story »
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Texas Rotary Rig Texas Business reports: The Texas rotary rig count sits at 718, unchanged from last week, but up 328 from a year ago, according to Baker Hughes. Full Story » TexasBusiness.com |
Judge recommends TCEQ allow pump test before permits are issued Texas Business notes this story by J.R. Ortega of the Victoria Advocate: GOLIAD - A judge has asked for more information in the ongoing struggle between a uranium company and Goliad County residents. Full Story »
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Houston Firm Wins $80.8 Million DOD Fuel Supply Contract. Texas Business reports: A Houston firm won an $80.8 million contract to provide fuel to the Defense Logistics Agency, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
Clinton Manges, Volatile Texas Oilman and Rancher, Dies at 87 Texas Business notes this story by Douglas Martin of the New York Times: Clinton Manges, who dropped out of grade school to pick cotton before rising to become a Texas legend by amassing a $1 billion fortune through land and oil deals, funneling millions to politicians, declaring bankruptcy and going to prison, died Thursday in a San Antonio nursing home. Full Story »
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Illinois' Aventine to move corporate office to Texas
Texas Business notes this story by Steve Tarter of the Journal-Star: PEKIN —
A company that's been part of the Pekin scene for more than 100 years has announced that its corporate office will move to Texas, but it assured the Pekin mayor that the company's ethanol production would stay put.
Full Story »
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Energy consulting group says White Stallion coal plant could cause health concerns for county residents Texas Business notes this story by Adriana Acosta of the Victoria Advocate: BAY CITY - A report detailing the health impacts of the proposed White Stallion Energy Center was released Tuesday by No Coal Coalition, Sierra Club and Public Citizen. Full Story »
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Summit project looks for owner Texas Business notes this story by Geoff Folsom of the Odessa American: Summit Power Group Inc.’s planned Texas Clean Energy Project could have a new owner in the coming months. Full Story »
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Lewisville’s Uranium Resources Inc. Completes Drilling in New Mexico’s Ambrosia Lake
Texas Business reports: Uranium Resources Inc. announced today the company completed drilling at its Section 13 property in Ambrosia Lake in McKinley County, New Mexico, approximately 10 miles northeast of Grants. Full Story » TexasBusiness.com |
Houston firm Wins $39.6 Million Natural Gas Contract.
Texas Business reports: A Houston firm won a $39.6 million contract to supply natural gas to the military and certain federal agencies, the U.S. Department of Defense announced. Full Story » TexasBusiness.com |
BP well dead, but its effects live on Texas Business notes this story by the Houston Chronicle: Sunday's death knell for BP's Macondo well heralded a milestone worth noting but was largely symbolic given the ongoing personal, economic, legal and environmental fallout from the accident. Full Story »
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Morgan Stanley Private Equity Invests in Midland Oilfield Supply Company
Texas Business reports: Midland—Morgan Stanley has invested in a Midland oilfield supply company. Full Story » TexasBusiness.com |
Wind conference looks at training and career opportunities Texas Business notes this story by ConnectAmarillo.com: A two-day multi-city wind energy conference starts at Amarillo College and wraps up at Western Texas College in Snyder. Full Story »
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Houston Firm Buys San Angelo’s PetroGreen Energy
Texas Business reports: A Houston energy firm snapped up a San Angelo firm operating 11 wells, company executives announced. Full Story » TexasBusiness.com |
Midland, San Antonio Energy Firms To Merge
Texas Business reports: Midland—Doral Energy Corp. announced t has entered into a Letter of Intent to combine with Pure Gas Partners II L.P of San Antonio. Full Story » TexasBusiness.com |
ht Texas Business reports: Irving-based Breitling Oil and Gas Corporation, an independent producer, plans to drill an exploratory well near Victoria.
Texas Business reports: Irving-based Breitling Oil and Gas Corporation, an independent producer, plans to drill an exploratory well near Victoria. Full Story » TexasBusiness.com |
Texas Clean Energy Hampered by Location Texas Business notes this story by Kate Galbraith of the New York Times: AUSTIN, TEXAS — As the United States contemplates a clean-energy future, leadership is coming from a surprising place — Texas. Full Story »
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Murphy Oil buys former Panda Ethanol plant Texas Business notes this story by Kevin Welch of the Amarillo Globe-News: A Hereford ethanol plant idled by bankruptcy should be pumping out the fuel in less than a year. Full Story »
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German Military Braces for Scarcity After ‘Peak Oil’ Texas Business notes this story by John Collins Rudolph of the New York Times: A study by a German military think tank leaked to the Internet warns of the potential for a dire global economic crisis in as little as 15 years as a result of a peak and an irreversible decline in world oil supplies. Full Story »
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Texas Tech and Partners to Power Up First Wind Research Farm
Texas Business notes this story by Leslie Cranford of Texas Tech Today: Texas Tech, industry and research partners are poised to power up their first of several planned renewable energy test facilities to help resolve key scientific and technology issues facing the wind power and broader clean energy industries.
Full Story »
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EPA Gets an Earful at Coal Ash Disposal Hearings Texas Business notes this story in Environment News Service: Concerned about the health and environmental dangers of coal ash dumps, hundreds of residents from four states packed a U.S. EPA hearing in Dallas Wednesday, urging the agency to adopt the stronger of two plans to regulate the waste from coal-fired power plants. Full Story »
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Lewisville's URI breaks ground in New Mexico exploratory drilling Texas Business notes this story by Donald Jaramillo of the Cibola Beacon: CIBOLA COUNTY - Uranium Resources, Inc., of Lewisville, Texas, began drilling at its Section 13 property in Ambrosia Lake near San Mateo on State Road 605. Full Story »
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 Source: Baker Hughes |
| Rotary Rig Count Texas Business reports: The Texas rotary rig count sits at 712 this week, down 11 from last week, and up 339 from a year ago, according to Baker Hughes. Full Story » TexasBusiness.com |
Clean coal energy Texas Business notes this story by Sarah Tirrito of the Baylor Lariat: The U.S. Department of Energy announced the allocation of $10 million in funding to expand two Texas research projects. Full Story »
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 Concho County |
| Quest Oil Corporation Negotiating for West Texas Oil Properties
Texas Business reports: Kerrville—Quest Oil Corporation, which has been rapidly expanding its mineral interests, is negotiating to buy an oil lease in Concho County. Full Story » TexasBusiness.com |
Weak European economy, mild weather reduce energy prices
Texas Business notes this story by Sam Fletcher of Oil & Gas Journal: HOUSTON--Front-month crude prices continued to fall Sept. 7 while natural gas gave up a large segment of its gain from the previous session in the New York market. Full Story »
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Texas Business notes this story by KUT's Nathan Bernier: The U.S. Department of Energy announced more than a half-billion dollars in funding today for so-called "clean coal" projects across the country, including a sizeable amount of the money headed for Texas. Full Story »
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Hundreds testify at Dallas hearing on safety of ash from coal-burning power plants Texas Business notes this story by Randy Lee Loftis of the Dallas Morning News: Hundreds of people packed a public hearing in Dallas on Wednesday to sound off on a federal proposal to label the ash from coal-burning power plants as a hazardous waste. Full Story »
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Blast Energy To Pay $1.2 Million for Matagorda County Oil & Gas Properties
Texas Business reports: Houston-based Blast Energy Services announced today it was acquiring Sun Resources Texas Inc.’s oil and gas interests of Sun Resources Texas Inc in Matagorda County. Full Story » TexasBusiness.com |
Texas' Wind Transmission Project Keeps Rolling Texas Business recommends the first part of this series by Kate Galbraith of the Texas Tribune: Last week, to cheers from a crowded courtroom, commissioners in Denton County unanimously passed a resolution opposing the construction of a big new transmission line through their county — even though it would carry clean, renewable wind power. Full Story »
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In Marfa, Artists Cheer Stall in Solar Project Texas Business recommends this story by Brandi Grissom of the Texas Tribune: In the tiny artists' outpost of Marfa, residents who opposed the build-out of a massive solar power plant can thank the languishing national economy for putting the project on hold. Full Story »
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Change In Texas Railroad Commission Spacing Regs Spur Oilfield Development.
Texas Business reports: A recent decision by the Texas Railroad Commission to lower the spacing between oil wells have spurred a Kerrville company to increase the number of wells in its existing fields. Quest Oil, Corp. announce today that it has begun a comprehensive work program at its Hawkeye and Midkiff properties in Eastland County. Full Story » TexasBusiness.com |
MetLife invests in South Texas Wind Farm
Texas Business: Met Life invested in a Texas wind farm on the Gulf Coast, its equity partner announced today.
Full Story » TexasBusiness.com |
Kansas City Firm Buys Texas Salt Dome Storage Caverns Texas Business reports: Inergy L.P. ("Inergy") announced today that its wholly owned subsidiary, Inergy Midstream LLC, has executed a definitive agreement to purchase Tres Palacios Gas Storage LLC, the owner of the Tres Palacios natural gas storage facility, for $725 million plus reimbursement of certain capital expenditures and subject to customary net working capital adjustments. Full Story » TexasBusiness.com |
Pipeline Problems in Places Like Texas Texas Business notes this story by Newsweek: In the aftermath of the BP oil spill, lawmakers have, understandably, focused on sweeping reforms of offshore-drilling protocols. But no matter how worried we are about the rigs, we can’t ignore our inland oil issues. Full Story »
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Tropical Storm Hermine Set to Make Landfall Tonight Texas Business notes this story by Aaron Clark and Alex Morales of Bloomberg Businessweek: Tropical Storm Hermine, near the western end of the Gulf of Mexico, is poised to make landfall tonight, forcing at least one Texas refinery to take precautions. Full Story »
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How fracking works: Sand and water go in; natural gas comes out Texas Business notes this story by Jack Z. Smith of the Fort Worth Star-Telegram: A customarily tranquil spot in rural northeast Johnson County was transformed into a noisy, massive industrial operation for several days in April. Full Story »
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Quest Oil Closes B&B Oil Acquisition
Texas Business reports: KERRVILLE—Quest Oil announced that it successfully completed the acquisition of B&B Oil Inc. Full Story » TexasBusiness.com |
The Barnett Shale search for facts on fracking Texas Business notes this story by Jack Z. Smith of the Fort Worth Star-Telegram: Tarrant County Commissioner J.D. Johnson recalls precisely when the 260-foot-deep water well at his rural home became polluted in August 2005.
Re Full Story »
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With Neighbors Unaware, Toxic Spill at a BP Plant Texas Business notes this story by James C. McKinley Jr. of the New York Times: TEXAS CITY, Tex. — While the world was focused on the oil spill in the Gulf of Mexico, a BP refinery here released huge amounts of toxic chemicals into the air that went unnoticed by residents until many saw their children come down with respiratory problems. Full Story »
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Texas Rotary Rig Count Inches Down
Texas Business reports: The Texas rotary rig count sits at 723 this week, down three from last week, but up 335 from a year ago, according to Baker Hughes. Full Story » Texas Business |
Plano company works to plug leaking North Dakota oil well Texas Business notes this story by James MacPherson of Bloomberg Businessweek: A Texas company worked Thursday to seal the underground piping of a faulty oil well that has leaked more than 1,100 barrels of crude and water at a drill site in western North Dakota.
Full Story »
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Mayor Villaraigosa: 'Go home, Texas oil companies!' Texas Business notes this story from the Los Angeles Times: Mayor Antonio Villaraigosa rebuked Valero Energy Corp. and Tesoro Corp., which operate refineries in Wilmington, for bankrolling a measure that would effectively scuttle the state's efforts to curb greenhouse gas emissions. Full Story »
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Drilling deal would pump revenue into 3 city parks Texas Business notes this story by Bradley Olson of the Houston Chronicle: Several cash-strapped city parks are poised to get an injection of revenue from an unusual source: natural gas exploration. Full Story »
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Uranium Energy Corp Completes Phase One of Wellfield Development at Palangana in South Texas Texas Business reports: Uranium Energy Corp completed the first of three phases of wellfield development at Production Area One at the Palangana ISR uranium project located in South Texas. Full Story » Texas Business |
Protecting that peaceful, easy feeling
Texas Business notes this story by Loren Steffy of the Houston Chronicle: These rolling hills are being swept up in the drilling boom for the Eagle Ford Shale, a geologic formation that runs as deep as 11,000 feet under Walker's pecan trees and that's rich in oil and natural gas. Full Story »
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More D-FW cities tapping into natural gas drilling revenue to help ease budget woes
Texas Business notes this story by Aman Batheja of the Fort Worth Star-Telegram: As Tarrant County cities struggle with wide budget shortfalls, revenue from natural gas drilling is softening the blow in some cases.
Full Story »
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Texas Rotary Rig Count Continues To Rise Texas Business reports: The Texas rotary rig count sits at 729 this week, up 13 from last week, and up 353 for a year ago, according to Baker Hughes Full Story » Texas Business |
Coal disposal problems found at Fayette plant Texas Business notes this story by Asher Price of the Austin American-Statesman: Groundwater testing beneath a Central Texas power plant has revealed elevated levels of a handful of chemicals. Full Story »
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Coal disposal problems found at Fayette plant Texas Business notes this story by Asher Price of the Austin American-Statesman: Groundwater testing beneath a Central Texas power plant has revealed elevated levels of a handful of chemicals, according to a report released by environmental groups Thursday. Full Story »
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Find the Epicenter of Oil and Gas Industry's Political Influence Deep in the Heart of an Unlikely Texas City Texas Business recommends this story by David Levinthal of Open Secrets: The epicenter of the oil and gas industry's political campaign prowess -- ZIP code 76102 -- sits amid trendy bars and sushi restaurants, boutiques and bookstores and plenty of soaring office and condo towers. Full Story »
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Beaumont company builds solar power conversion system Texas Business notes this story by Dan Wallach of the Beaumont Enterprise: A Beaumont-built device could put solar energy's cost to the consumer on a par with power from more conventional sources, said the head of the company that created. Full Story »
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How fast will natural gas drilling come to Dallas?
Texas Business notes this story by Randy Lee Loftis of the Dallas Morning News: A bit of nearly abandoned industrial land holds a different future for Dallas. Full Story »
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Two Dallas Shale Firms Up For Sale
Texas Business notes this story by Reuters: Dallas-based Chief Oil & Gas, an active operator in the Marcellus Shale on the East Coast, is on the block, and could be snapped up for up to $3 billion, Full Story »
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Amarillo’s Exterra Energy Aquires 3,100 Acres of Barnett Shale Formation
Texas Business reports: AMARILLO—Exterra Energy, Inc. announced today that the company has acquired 3,100 acres of mineral leases in the North West corner of the Barnett Shale in the dual oil/gas window of Texas. Full Story » Texas Business |
Proposition 23, Anti-Environment 'California Jobs Initiative', Is Funded By Big Polluters In Texas And The Midwest
Texas Business notes this story by Laura Bassett of the Huffington Post: Proposition 23, the so-called "California Jobs Initiative" threatening to suspend some of California's unprecedented clean air and renewable energy legislation, is raking in millions of dollars from Texas oil companies and special interest groups in the Midwest that stand to profit from rolled-back environmental regulation. Full Story »
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Oil Group Plans ‘Citizen’ Rallies in 5 States to Oppose Measures
Texas Business notes this story that discusses three Texas city rallies by the oil industry by Jim Snyder of Bloomberg: The American Petroleum Institute will sponsor rallies in five states next month aimed at linking the oil and gas industry to the health of the U.S. economy and blunting legislation it opposes in Congress. Full Story »
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Texas City residents unaware of release at BP refinery Texas Business recommends this story by Monica Hatcher of the Houston Chronicle: For 40 days, flares burned 500,000 pounds of toxic chemicals over BP's Texas City refinery. Full Story »
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Hedge funds flip again over coal Texas Business notes this story by Loren Steffy of the Houston Chronicle: The billionaire buyout boys are back. Full Story »
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Houston's Crimson Exploration Announces Successful Drilling Results in San Augustine and Liberty Counties, Texas
Texas Business reports: Houston-based Crimson Exploration Inc. completed its first well in San Augustine County. Full Story » Texas Business |
Chestnut Petroleum Hits Big in the Barnett Shale
Texas Business reports: Chestnut Petroleum announced a successful “monster” gas well drilled in the Barnett Shale in Tarrant County. Full Story » Texas Business |
Chestnut Petroleum Hits Big in the Barnett Shale
Texas Business reports: Chestnut Petroleum announced the recent completion of the Crowley Teeter #1H, a horizontal well drilled in the sweet spot of the massive Newark, East gas field in the Barnett Shale. Full Story » Texas Business |
Mesa Energy says its predecessor's activities are subject of SEC inquiry
Texas Business notes this story by Eric Torbenson of the Dallas Morning News: Dallas-based Mesa Energy Holdings Inc. said that the Securities and Exchange Commission has started a formal inquiry into possible improper stock sales related to Mesa's predecessor company. Full Story »
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DOE Awards $15 Million in Funding for UT’s Energy Frontier Research Centers
Texas Business reports: In a major effort to accelerate the scientific breakthroughs needed to build a new 21st-century energy economy, U.S. Energy Secretary Steven Chu recently announced the University of Texas would receive $15 million in funding for its Energy Frontier Research Center. Full Story » Texas Business |
General sets goal for Fort Bliss to run on solar power by 2015
Texas Business recommends this story by John Hall of the El Paso Times: FORT BLISS -- If this post's new commanding general has his way, Fort Bliss will be energy independent in a little more than five years. Full Story »
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 Texas Rig Count by Baker Hughes Inc. |
| Texas Rig Count Baker Hughes issued its monthly rotary rig count. Rotary rig counts are used as indicators for activity in the oil and gas industry. Full Story » Source: Baker Hughes Inc. |
Blackstone private equity firm to buy Dynegy for $540 million
TexasBusiness.com recommends this story by Tom Fowler of the Houston Chronicle: In a series of deals more like the post-season NBA than the power plant business, Houston-based Dynegy is being acquired by private equity firm Blackstone Group in a $4.7 billion deal, then selling some of its assets to NRG Energy for $1.36 billion. Full Story »
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Pantex Plant Flood Expense Could Hit $60M TexasBusiness.com notes this story by Global Security Newswire: The United States faces a projected $60 million price tag to repair flood damage at the Pantex Plant in Amarillo. Full Story »
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Pennsylvania Firm Makes $31.1 Million Buy In Continuing Eagle Ford Shale Scramble
TexasBusiness.com reports: In another chapter of the scramble for minerals in the Eagle Ford Shale of South Texas, Penn Virginia Corp bought 6,800 acres of the formation for $31.1 million.
The Eagle Ford Shale is a rock formation underlying several counties in South Texas consisting of rich oil and natural gas deposits. Full Story » TexasBusiness.com |
EOG quickens pace in Eagle Ford shale TexasBusiness.com notes this story by the Oil & Gas Journal: Houston's EOG Resources Inc., Houston, will ramp up its operated rig fleet to 12 at the end of 2010 and 14 in 2011 from five at present as it better understands the South Texas Eagle Ford shale from interpreting 3D seismic along the 120-mile oil trend in which it holds 505,000 net acres. Full Story »
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ERCOT Breaks Record for Electricity Demand Again TexasBusiness.com reports: The Electric Reliability Council of Texas Inc. (ERCOT), the electric grid operator for most of the state, set a new electricity demand record again this week with 63,830 megawatts (MW) between 4 and 5 p.m. Tuesday. Full Story » TexasBusiness.com |
Boom Makers Say BP Left Them Adrift TexasBusiness.com notes this story by Ann Zimmerman of the Wall Street Journal: Containment-boom makers and their vendors that ramped up supply for BP PLC after the Gulf of Mexico oil spill say the company suddenly stopped accepting deliveries weeks ago, leaving them with millions of dollars in unused product.
Full Story »
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KLD Energy Technologies Raises $6 Million of Equity To Target Scooter Market
TexasBusiness.com reports: Austin’s Energy Technologies Inc. (KLD), developers of clean energy technologies, announces the company has successfully closed-out $6 million dollars in Series B funding from private investors, bringing the total raised to $12 million over the last year. Full Story » TexasBusiness.com |
Houston well-emergency firm opens Pennsylvania office TexasBusiness.com notes this story by the Philadelphia Inquirer: A Texas company that responds to natural-gas well emergencies has opened a field office in Bradford County, which state environmental officials say should lead to a quicker response for the next blowout of a Marcellus Shale gas well.
Full Story »
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Targa Resources Partners LP Acquires Targa Resources Inc Assets In $230 Million Transaction
TexasBusiness.com reports: Houston--Targa Resources Partners LP announced today that it has agreed to acquire Targa Resources Inc.'s 63 percent interest in Versado Gas Processors L.L.C. Full Story » TexasBusiness.com |
Deepwater Drillers, Such as Houston's Transocean Ltd, Face Problems TexasBusines.com notes this story by the Wall Street Journal: he oil industry is wrestling with how to address the pervasive problem of undertrained and overstretched workers on deepwater rigs as federal investigators probe those issues in the Deepwater Horizon catastrophe. Full Story »
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Arabian American Development Announces Details of Silsbee Plant Expansion
TexasBusiness.com reports: Arabian American Development Co. announced the 1.8 million expansion of its South Hampton Resources facility near Beaumont with a new isomerization unit that will provide more flexibility in converting C5 normal pentane into isopentane. Full Story » TexasBusiness.com |
Quest Oil Successfully Closes Acquisition of B&B Oil of Fredericksburg TexasBusiness.com reports: KERRVILLE - Quest Oil Inc., an independent oil and gas exploration company in Graham, Texas, announced that it has successfully completed the acquisition of B&B Oil, Inc., a private, independent oil and gas exploration and development company based in Fredericksburg, Texas. Full Story » TexasBusiness.com |
USW Signs China Power Companies Agreement To Build Steel for Texas Wind Farm
TexasBusiness.com reports: The United Steelworkers (USW) announced today it has signed agreements with A-Power Energy Generation Systems Ltd. and Shenyang Power Group (SPG) two of China's leading power generation companies. Full Story »
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Houston’s BP Energy wins $29 million Defense contract for natural gas TexasBusiness.com reports: BP Energy Co., Houston, Texas, is being awarded a maximum $29,581,268 fixed-price with economic price adjustment contract for delivery of direct supply natural gas, the U.S. Department of Defense announced Full Story » TexasBusiness.com |
ESP Resources Expands Its Mission, Texas Operation
TexasBusiness.com reports: ESP Resources Inc. is expanding their district operations in Mission, Texas for supply, sales and service of petrochemicals to oil and gas companies located in the Southeast, Southwest, and Central Texas regions, areas home to the Eagle Ford shale gas formation. Full Story » TexasBusiness.com |
Crude tops $82/bbl despite signs of slowing economic recovery TexasBusiness.com reports: The front-month crude contract price continued to escalate Aug. 3, climbing 1.5% to top $82/bbl for the first time since May in New York even as the broader equity market declined in the face of disappointing earnings, stagnant consumer spending, and falling home sales, reports Sam Fletcher of the Oil & Gas Journal. Full Story »
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Laredo Oil Inc. Moves Corporate Headquarters to Austin from Arizona
TexasBusiness.com reports: Laredo Oil, Inc., today announced that it moved its corporate headquarters to Austin from Scotsdale, Arizona in a move to enable the company to tap into the capitol’s high tech culture.
Full Story » TexasBusiness.com |
Crews begin effort to plug leaking Gulf oil well TexasBusiness.com recommends: Engineers began pumping heavy drilling mud into the blown-out Gulf of Mexico oil well Tuesday in what they think is their best chance yet to reach the ultimate goal in a delicate process - snuffing one of the world's largest spills for good, reports Greg Bluestein of the Washington Post. Full Story »
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Fears of Pervasive Air Pollution Stir Up Politics in Texas Shale Gas Country Texas Business notes this story by the New York Times: Aruba Petroleum Inc. started moving dirt on the horse pasture of the couple's 10-acre lot north of Fort Worth in September. Full Story »
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Refinery incident injures 13
TexasBusiness.com notes: Officials with the ConocoPhillips oil refinery near Borger released few details Sunday about an incident at the plant a day earlier that injured 13 workers.
The workers were taken to Golden Plains Community Hospital in Borger about 10 p.m. Saturday following a sudden "steam release." But corporate spokesman William Stephens, responding by e-mail, said the injuries were not the result of the steam. All 13 people were hurt during the evacuation of a portion of the plant, with some injuries including broken bones, reports Joe Gamm of the Amarillo Globe-News. Full Story »
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Oil well spilled out 4.9 million barrels, new numbers reveal TexasBusiness.com recommends: The blown-out well in the Gulf of Mexico gushed 12 times faster than the government and BP estimated in the early weeks of the crisis and has spilled a whopping 4.9 million barrels, or 205.8 million gallons, according to a more detailed analysis announced late Monday, reports the Washington Post. Full Story »
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Mitcham Industries Expands Credit Facility and Capex Plans
TexasBusiness.com reports: Huntsville-based Mitcham Industries Inc., the world’s largest independent exploration equipment lessor, today announced that it’s expanding its credit by $35 million by with agreements with First Victoria National Bank and The Frost National Bank. The expansion is to take advantage of the increasing active energy exploration market. Full Story » TexasBusiness.com |
Offshore Driller Pride International 2Q net income sinks 54 pct
TexasBusiness.com notes: Offshore drilling contractor Pride International Inc. said Thursday its second-quarter net income sank 54 percent, as the offshore drilling contractor saw revenue sink in all three business segments.
The Houston company said it earned $57.5 million, or 32 cents per share, in the three months that ended June 30, 2010. That was down from $124.1 million, or 70 cents per share, in the same quarter of 2009, reports Bloomberg Businessweek. Full Story »
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Magellan Midstream Considers a $150 million Pipeline Retrofit to Transport Crude Oil From West Texas to Houston
TexasBusiness.com reports: Magellan Midstream Partners L.P. announced today that assessing the feasibility of a $150 million conversion of pipeline interest to transport crude oil from West Texas to the partnership's East Houston terminal. Full Story » TexasBusiness.com |
Targa Resources Partners LP Announces Benzene Treating Project at Mont Belvieu, TX
TexasBusiness.com reports: Houston’s Targa Resources Partners LP announced today that its wholly owned subsidiary, Targa LSNG LP, has executed a long-term contract with Marathon Petroleum Company LLC ("Marathon"), the refining, marketing and transportation operations of Marathon Oil Corporation, to install, own and operate treating equipment to reduce the benzene content of natural gasoline. The new equipment will operate in conjunction with the Partnership's existing natural gasoline hydrotreater. Full Story » TexasBusiness.com |
U.S. Decision on Pipeline Is Delayed
TexasBusiness.com notes: The State Department said it would delay its decision on a permit for a contentious $7 billion pipeline project intended to deliver crude oil from the oil sands of the province of Alberta in Canada, to refineries on the Texas Gulf Coast. A public comment period on the department’s draft environmental impact statement for the project, called Keystone XL, ended on July 2, and officials had planned to consult other federal agencies through Sept. 15, reports Tom Zeller Jr. for the New York Times. Full Story »
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Occidental's Phibro Energy-Trading Business Posts Loss on `Lousy Results' Occidental Petroleum Corp., the largest oil producer in Texas, said its Phibro energy-trading business acquired from Citigroup Inc. last year had a $104 million loss in the second quarter. The loss was incurred as Occidental adjusted its valuation of Phibro’s holdings to reflect market prices at the end of the quarter, Chief Financial Officer Stephen I. Chazen told investors today on a conference call, reports Edward Klump of the Bloomberg BusinessWeek. Full Story »
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Laredo Oil Raises $500,000 From Institutional Investor Through Private Placement of Equity TexasBusiness.com notes: Austin’s Laredo Oil Inc. announced today that it entered into an agreement on July 26, 2010 with an institutional investor for the private placement of 1,000,000 shares of its common stock and warrants to purchase 750,000 shares of its common stock for an aggregate purchase price of $500,000, or $0.50 per share. Full Story » TexasBusiness.com |
EPA slows approval for Canada-Texas oil pipeline TexasBusiness.com recommends: The EPA has slowed down the approval process of a permit for a new Canada-to-Texas oil pipeline that a few months ago looked like a shoo-in for a State Department rubber stamp by the fall. The EPA gave the State department's draft environmental impact statement for the 2000 mile pipeline that will cut across the nation's heartland the worst rating possible, noting that if differences between the agencies can't be resolved, the matter could get referred to the White House for resolution, reports David Sassoon for The Guardian.
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SMU grad Robert Dudley takes over at BP BP's embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday, as it reported a record quarterly loss and set aside $32.2 billion to cover the costs of the devastating Gulf of Mexico oil spill, reports WFAA. Full Story »
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Tech gets $6.4 million to research wind TexasBusiness.com notes this story by Eliot Blackburn of the Lubbock Avalanche-Journal: Texas Tech will receive $6.4 million to test wind turbine systems new to North America through a state grant for high-tech research, the opening phase in what the university hopes will become its foothold into the commercial wind power business. Full Story »
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Tenaska to use new technology for carbon capture New technology to capture carbon dioxide byproducts has been selected for use at the Tenaska Trailblazer Energy Center, the proposed coal-fired power plant near Sweetwater. The plant will be among the first in the nation — and the first in Texas — to use the Fluor carbon capture technology for the coal-fired, 600-megawatt electricity generating plant, company officials announced today, report Celinda Emison and Kimberly Gray for the Abilene Reporter-News.
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American Dudley could be replacement as boss at BP BP’s board is expected on Monday to name an American, Robert Dudley, as its chief executive, replacing Tony Hayward, whose repeated stumbles during the company’s three-month oil spill in the Gulf of Mexico alienated federal and state officials as well as residents of the Gulf Coast, report Jad Mouawad and Clifford Krauss for the New York Times.
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Damage estimate at Pantex in millions following rainfall TexasBusiness.com notes this story by Jim McBride of the Amarillo Globe-News: A July 7 rainstorm caused tens of millions of dollars in damage to numerous buildings and equipment at the Pantex Plant, hampering the plant’s ability to perform key nuclear weapons work, officials confirmed. Full Story »
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Quicksilver says it might get partner in Horn River Basin Only hours after announcing a $1 billion transaction, executives of Fort Worth-based Quicksilver Resources said this morning that the natural gas producer might partner with another company to expedite development in the Horn River Basin, a promising shale-gas play in Canada that has attracted industry heavyweights including Irving-based Exxon Mobil Corp. Meanwhile, Quicksilver’s stock price rose significantly in early trading today in response to the company’s announcement late Thursday afternoon of the billion-dollar deal in which it will sell its 61 percent interest in Quicksilver Gas Services, a master limited partnership that gathers and processes natural gas produced from North Texas’ Barnett Shale, reports Jack Z. Smith of the Fort Worth Star-Telegram.
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Amarillo’s Exterra Energy Inc. Announces Closing of 31 Wells on East Texas Woodbine Formation As energy companies scramble for mineral rights in Texas, Exterra Energy Inc. announced today its purchase of 31 wells in East Texas, reports TexasBusiness.com. The company closed the sale on 31 wells on 12 leases in the East Texas Woodbine field. This package is part of an overall East Texas buyout announced in April by the company. The Woodbine Formation is a geological formation in east Texas whose strata date back to the Late Cretaceous period. Dinosaur remains are among the fossils that have been recovered from the formation. Full Story » TexasBusiness.com |
Sugar Land’s Coffeyville Resources Refining & Marketing extends crude oil supply contract to Vitol Inc Independent petroleum refiner Coffeyville Resources Refining & Marketing, LLC, a subsidiary of CVR Energy, Inc. announced it has agreed to extend by a year the term of its crude oil supply agreement with Vitol Inc. Under the amended agreement, Vitol agrees to continue to provide crude oil supply and logistics intermediation on behalf of Coffeyville Resources Refining & Marketing through Dec. 31, 2012.
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Smaller wind turbines, larger industry talk at energyfest The focus was on small wind applications for the household or even business customer during the first day of the sixth annual West Texas Wind Energy Trade Fair. Linda Wells walked away thinking that a wind turbine might be the right fit to help power her shipping container business, Containers of Texas, near Interstate 20 in Trent, reports Jaime Adame of the Abilene Reporter-News. Full Story »
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Oil companies pledge $1 billion to spill response system Four of the nation's largest oil companies said Wednesday they immediately will commit $1 billion to set up a rapid oil spill response system to deal with deep-water blowouts in the Gulf of Mexico. Exxon Mobil Corp., Chevron Corp., ConocoPhillips and Shell said the system of underwater capture devices and surface containment vessels, similar to what BP is using now to control its Macondo well spill, will be designed to capture up to 100,000 barrels of oil a day before it spills into the sea from wells sitting in water as deep as 10,000 feet, reports Monica Hatcher of the Houston Chronicle. Full Story »
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Copano Energy Raises $300 Million Through Direct Equity Investment by Funds Managed by TPG Capital to further its Eagle Ford Shale Expansion In South Like many energy companies, Houston’s Copano Energy, L.L.C. raised capital to finance further expansion into the lucrative Eagle Ford Shale formation in south Texas. Full Story »
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Luminant to mothball Tradinghouse Creek plant WACO - Officials with Luminant have confirmed it will be putting the Tradinghouse Creek Generating Plant in Waco in mothballs at the end of September, reports KXXV. Full Story »
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BP gets boost on asset sale to Apache BP Plc rose in London trading after agreeing to sell oil and gas fields in the U.S., Canada and Egypt to Apache Corp. for $7 billion, including assets in Texas, raising cash to meet the costs of the Gulf of Mexico spill, reports Bloomberg Businessweek. Full Story »
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Summit hires Siemens Siemens Energy has been awarded a front-end engineering design contract by Summit Texas Clean Energy LLC, Siemens officials said. Siemens Energy will provide coal gasification and power-block technology for the $2 billion Texas Clean Energy Project, reports the Odessa American.
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Concho Resources Inc. to Acquire Oil & Gas Assets in the Permian Basin for $1.65 Billion MIDLAND, Texas - Concho Resources Inc. today announced that it has entered into a definitive agreement to acquire all the oil and gas assets of Marbob Energy Corporation and certain affiliated entities for $1.65 billion in cash and Concho securities. Full Story »
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PBPA makes voice heard in EPA study of hydraulic fracturing Hydraulic fracturing, the completion technique in use in the Permian Basin, has come under fire in active plays like the Barnett Shale and Marcellus Shale where residents are not familiar with the technology. The controversy prompted the Environmental Protection Agency to study hydraulic fracturing and the rules currently regulating the process, reports Mella McEwen of MyWestTexas.com Full Story »
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Houston company ends bid for wind farm in central Kansas A Texas wind energy company has ended its effort to lease land for a potential wind farm in central Kansas. Horizon Wind Energy, based in Houston, had been working for more than a year to find 10,000 acres to lease in the southeast corner of Reno County, reports KansasCity.com. Full Story »
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Reliance Industries circling Quicksilver Resources Mukesh Ambani’s Reliance Industries (RIL) is said to be in talks with Quicksilver Resources, a Fort Worth, Texas-based exploration and production company that’s into development of shale gas, coal-bed methane and tight-sands gas in North America, reports Daily News India. Full Story »
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Oil from BP spill heading to Texas City refinery TEXAS CITY — While oil from BP’s Macondo oil well has stop flowing into the Gulf of Mexico, the company has collected more than 826,800 barrels of crude oil there since the Deepwater Horizon drilling rig exploded in April, reports the Galveston County Daily News. Full Story »
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Too Complex Not to Fail: UT Professors Analyze the Gulf Oil Spill
“Horrible things happen when complex technologies and procedures overtake humans, who service the technologies falsely assuming complete control.” Thus begins a briefing paper on the Gulf Oil Spill prepared by UT professor Dr. Tad W. Patzek for the Energy and Environment Subcommittee of the U.S. House of Representatives, reports McCombs Today.
Full Story »
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BlueStone Natural Resources Closes South Texas Acquisitions Tulsa-based BlueStone Natural Resources, LLC has closed on 4 South Texas significant transactions with another transaction pending, more than doubling its net production and reserves. Full Story »
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70% in Texas Favor Offshore Oil Drilling; 66% Support Deepwater Drilling TexasBusiness.com notes: Voters in Texas continue to show strong support for offshore oil drilling, and in contrast to findings in other states around the country, show nearly the same level of support for deepwater drilling, according to Rasmussen Reports. Full Story »
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BP disposing of oily waste in Southeast Texas TexasBusiness.com notes: Even as BP managed to shut down its runaway undersea gusher in the Gulf Thursday, a rogue wave of contaminated liquid confined on barges rode toward Southeast Texas, destined for another hole in the ground 2,000 feet deep near Winnie and Port Arthur, reports Dan Wallach of the Beaumont Enterprise. Full Story »
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Texas Remains Stoic as Spill Hits Its Shores GALVESTON, Tex. — The crayons and paper were out, but not too many children made it to family day at the Ocean Star Offshore Drilling Rig and Museum, reports Melena Ryzik of the New York Times. Full Story »
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Part of 'Pickens Plan' looks to ride in on Senate bill Read more: http://community.nasdaq.com/News/2010-07/part-of-pickens-plan-looks-to-ride-in-on-s A plan suggested by Texas oil tycoon T. Boone Pickens to promote natural gas investment will probably get added to a Senate energy bill, the Wall Street Journal reports. Full Story »
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Natural Gas Company's Disclosure Decision Impacts Fracking Debate A Texas natural gas producer's decision to voluntarily disclose the chemicals it injects into the ground could prompt other drillers to do the same, and pave the way for regulators to require such disclosure. Range Resources Corp.'s move also reflects the desire of industry to get out ahead of the issue to prevent federal regulation of the key drilling practice called hydraulic fracturing, or fracking, reports Mike Sorgaghan of the New York Times. Full Story »
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Edwards Announces Loan Guarantees to Expand Comanche Peak Power Plant As Luminant plans to double operations at the Comanche Peak plant with two new 1,700 watt reactors, U.S. Representative Chet Edwards announced funds of $25 billion approved by the House Appropriations Subcommittee on Energy and Water Development for federal loan guarantees that are critical for the planned expansion. Full Story »
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Oil leak stopped for first time in months For the first time since the Deepwater Horizon drilling rig sank on April 22 oil has stopped leaking from the Macondo well in the Gulf of Mexico. BP said it completly closed the last line on the newly installed containment cap at 2:25 p.m, reports the Houston Chronicle. Full Story »
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KKR's Bookout to Discuss South Texas Eagle Ford Shale KKR's managing director will discuss the firm's new shale strategy, including its $400-million investment in the Eagle Ford shale region of south Texas. Full Story »
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Exxon wants to turn pond scum into fuel Oil giant Exxon Mobil Corp. opened a greenhouse on Wednesday to study whether the company can make large amounts of affordable biofuel from algae, reports Elizabeth Souder of the Dallas Morning News. Full Story »
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Agreement reached to reroute gas pipeline near Bushland El Paso Natural Gas Co. and landowners have reached an out-of-court federal lawsuit settlement that would pave the way for completion of a rerouted natural gas pipeline near Bushland, reports the Amarillo Globe-News. Full Story »
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Wind firm gets $900,000 assistance Board members of the Development Corporation of Abilene approved a financial assistance package of $902,500 for wind maintenance company Energy Maintenance Service, which plans to expand Abilene operations to include gearbox refurbishment and repair, reports Jaime Adame with Abilene Reporter-News. Full Story »
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Longview's Darby finds future by interstate Oilfield company Darby Equipment moves from its location of 67 years, reports Jo Lee Ferguson of the Longview News-Journal. Full Story »
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Wind firm seeks more incentives from Abilene's DCOA Wind company Broadwind Energy again could receive financial assistance from the Development Corporation of Abilene. Today the board will consider offering a zero-interest loan up to $700,000 to the Illinois-based company’s Energy Maintenance Service division, reports Jaime Adame of the Abilene Reporter-News. Full Story »
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Dash for Gas Raises Environmental Worries American politicians often extol natural gas as abundant, cleaner-burning than other fossil fuels, and domestically produced, unlike Middle Eastern oil. But the process of extracting it is raising concerns among people with wells in their backyards, reports Kate Galbraith for the New York Times. Full Story »
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South Texas Project prepares for new units Pre-construction nuclear power plant site preparation work for South Texas Project Units 3 and 4 is underway, reports the Victoria Advocate. Full Story »
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New lines for wind energy spark anger in North Texas In filings last month with the Public Utility Commission, Oncor Electric Delivery Co. proposed erecting about 40 miles of power lines from a switching station in far west Wise County to one about six miles east of Eagle Mountain Lake in Tarrant County, writes Dave Montgomery for the Fort Worth Star-Telegram.
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Rig abandons Gulf of Mexico for Egyptian waters amid deepwater drilling ban Diamond Offshore Drilling, a Scottish company with its Gulf of Mexico offices in Houston, announced that its Ocean Endeavor drilling rig will move from the Gulf of Mexico to waters near Egypt immediately -- making it the first rig to leave the U.S. because of the Obama administration's ban on deep-water drilling, reports Tom Fowler of the Houston Chronicle. Full Story »
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| Drilling dispute has hidden conflict: Who's going to run Texas? TexasBusiness.com notes: Science and politics go together about as well as natural gas and drinking water, writes Mitch Schnurman of the Fort Worth Star-Telegram. The combination can be dangerous, with long-term consequences. Full Story »
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Chinese investors eyeing U.S. shale? BEIJING -- U.S. natural gas explorer Chesapeake Energy is exploring a deal with Chinese partners to take a stake in their Texas shale gas, officials said, reports UPI. Full Story »
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KKR Prospects for Natural Gas After Leveraged Buyouts Dry Up KKR & Co, which led the record takeover of electricity provider TXU Corp in 2007, is making a new bet on rising energy prices, reports Cristina Alesci and Zachary Mider of Bloomberg Businessweek.
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Proposed plant loses ruling Two Texas administrative law judges have sided with environmentalists against a permit for a new coal- and petroleum coke-fired power plant in Matagorda County, reports Matthew Tresaugue of the Houston Chronicle. Full Story »
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Anger Surfaces at EPA Shale Gas Meeting Many residents of Fort Worth are angry and scared about natural gas drilling: That much was clear from a public meeting convened there by the Environmental Protection Agency on Thursday evening, reports Kate Galbraith of the Texas Tribune. Full Story »
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Exxon Mobil retains almost all XTO employees, sets up Fort Worth team Exxon Mobil CEO Rex Tillerson said Thursday that the Irving oil giant has retained almost all of XTO Energy's 3,300 employees and established a team in Fort Worth to spend up to 18 months setting drilling priorities, reports the Fort Worth Star-Telegram. Full Story »
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Dallas firm's push to help oil cleanup may not be so clear When Dallas investment banker Fred McCallister told the Senate last week about his effort to get more foreign ships to clean up oil in the Gulf of Mexico, he blamed a maritime law that protects U.S. ship owners and workers, by Dave Michaels of the Dallas Morning News. Full Story »
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Texas Attorney General Requests that BP Provide $25 Million for Oil Spill Clean-up The U.S. Coast Guard confirmed that tar balls from BP’s Deepwater Horizon were located on Texas shores.
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Weary of Fighting Natural Gas, DISH Mayor To Leave Town Calvin Tillman, the mayor of DISH, Texas — the tiny hamlet named for the network that gives its residents free satellite TV — sits in his City Hall office, matter-of-factly telling a documentary filmmaker about how somebody’s going to accidently “blow up the town” someday, reports the Texas Tribune. Full Story »
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Governor's Office Forms Gulf Project Gov. Rick Perry today announced the formation of the Gulf Project, a coalition of energy and environmental scientists, policy experts, academic researchers, private sector research scientists and state officials who will work to ensure Texas never endures the environmental and economic disaster currently occurring in the Gulf of Mexico as a result of the Deepwater Horizon rig explosion. Full Story »
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Local Refineries in middle of EPA-TEQC regulatory tussle he federal agency in May took over the operating permit of Flint Hills Resources East refinery in Corpus Christi after objecting that the Texas Commission on Environmental Quality process violates the U.S. Clean Air Act. Two more local refineries, Flint Hills West and Valero East, are among 40 state companies with pending permits the EPA has objected, reports the Corpus Christi Caller-Times. Full Story »
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Companies respond to claims of unmarked pipelines Two pipeline companies are defending themselves after a federal official said the lines weren't marked before two deadly explosions last month in Texas. Full Story »
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Tar balls from oil spill found on Bolivar coastline Officials have confirmed that tar balls discovered over the holiday weekend on Crystal Beach in the Bolivar Peninsula are from the Deepwater Horizon oil spill, marking the first time oil from the spill has been found on Texas beaches, reports Harvey Rice and Purva Patel of the Houston Chronicle. Full Story »
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Austin photographer detained near BP refinery in Texas City An Austin freelance photographer shooting pictures of a BP refinery in Texas City, Texas, was detained by a BP security officer, local police and a man who said he was representing the U.S. Department of Homeland Security, according to nonprofit news-gathering organization ProPublica, reports the Examiner.com Full Story »
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Gulf oil cleanup resumes, new drilling rules awaited Washington was preparing a revised offshore oil drilling moratorium and cleanup efforts in the Gulf of Mexicoreturned to normal on Friday after hurricane Alex passed through the region without doing major damage, reports Reuters. Full Story »
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Hurricane Alex causes emissions from refineries, plants Several local refineries and a gas plant released emissions after lightning caused a disruption in electrical power, according to filings with the Texas Commission on Environmental Quality, reports Fanny S. Chirinos of the Corpus Christi Caller-Times. Full Story »
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Tenaska withdraws request to buy water from Abilene Tenaska, the company developing the coal-fired Trailblazer Energy Center outside of Sweetwater, has withdrawn its request to buy treated wastewater from the City of Abilene, reports Emily A. Peters of the Abilene Reporter-News. Full Story »
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East Texas Cotton Valley Prospect Valued at $18 Million Oil & gas exploration company Range Resources has reported the results of an independent reserves and valuation report on its East Texas Cotton Valley Prospect in Red River County, Texas, carried out by Independent Petroleum Engineers Lonquist & Co LLC, reports Stock Market News Australia. Full Story »
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Quest Oil Signs LOI to Acquire 100% of B&B Oil's Producing Oil and Gas Wells, Texas Leases Quest Oil, Inc. (Pink Sheets: QOIL) is pleased to announced that it has signed a Letter of Intent (LOI) to acquire 100% of the assets of B&B Oil, Inc., a private, independent oil and gas exploration and development company based in Fredericksburg, Texas. Full Story »
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'I cannot support this' In a surprise move weeks before a scheduled public hearing on the matter, Abilene Mayor Norm Archibald came out publicly Tuesday in opposition to selling up to 2 million gallons of treated wastewater each day to a proposed $3.5 billion coal-fired energy plant near Sweetwater, reports Doug Myers and Emily A. Peters of the Abilene Reporter-News. Full Story »
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EPA to seek public comment on hydraulic fracturing in Fort Worth Read more: http://www.star-telegram.com/2010/06/29/2302772/epa-to-seek-public-commen Mike Paque, executive director of the national Ground Water Protection Council, laments that hydraulic fracturing has "become the synonym for everything people don't like" about the drilling of natural gas and oil wells, reports Jack Z. Smith of the Fort Worth Star-Telegram. Full Story »
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Geothermal energy is gaining ground in Texas Miles below Texas are zones of hot, pressurized brine that for decades posed a liability to drillers and rendered oil and gas wells worthless, reports Colin McDonald of the San Antonio Express-News. Full Story »
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Texas Mulls More Nuclear Reactors Seventeen years ago, Texas turned on its last nuclear reactor, about 50 miles southwest of Fort Worth. In another decade, several more reactors could get built here — if events in Washington go the power companies' way, reports Kate Galbraith of the Texas Tribune. Full Story »
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Proposed oil pipeline to Texas raises worries The $7 billion project, called Keystone XL, would increase America's access to crude from Canada's tar sands,as offshore crude exploration faces scrutiny amid a runaway oil spill in the Gulf of Mexico and a legal fight over a federal offshore drilling moratorium, reports Matthew Tresaugue of the Houston Chronicle. Full Story »
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EPA Issues Order Against Tulsa Energy Company To Cease Pollution of Wichita Falls Water Wichita Falls, TX - The Environmental Protection Agency says a Tulsa company has violated the federal Clean Water Act and has issued a cease and desist order to stop the company from discharging pollutants, reports News Channel 8. Full Story »
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Reliant Energy Joins with Choice Facility Partners to Offer Electricity Services to Government Entities across Texas Reliant Energy was recently chosen by the Harris County Department of Education (HCDE) as a Texas electricity provider for Choice Facility Partners (CFP) which provides cooperative purchasing services for schools, education-related organizations and other governmental entities across the state.
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Exxon closes on purchase of natural gas company XTO Energy Exxon Mobil Corp. completed its purchase of XTO Energy Inc. on Friday and named Exxon executive Jack Williams president of its new $35 billion prize, reports the Dallas Morning News. Full Story »
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Reliance pays $1.3B for Pioneer's Texas shale gas Reliance Industries said Thursday it has agreed to pay $1.3 billion for a stake in the shale gas assets of Texas-based Pioneer Natural Resources Co. as the Indian oil and gas major expands its upstream business in North America, reports Bloomberg Businessweek. Full Story »
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DCP Midstream In Talks To Buy Texas' Midstream Gas Business-Sources Dallas-based private equity firm Energy Spectrum would see a partial exit on the sale of Ceritas Gathering Co., which operates in Liberty County, Texas, said a person familiar with the matter, reports the Wall Street Journal. Full Story »
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Uranium Resources, Inc. Completes Common Stock Offering
Uranium Resources, Inc. (NASDAQ: URRE) ("URI") announced today that it has closed its underwritten public offering of 23,809,500 shares common stock at a price of $0.42 per share. Full Story »
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DCP Midstream In Talks To Buy Texas-Based Midstream Gas Business-Sources The Wall Street Journal reports Energy Spectrum Capital-backed midstream energy company Ceritas Group is in talks to sell a subsidiary to DCP Midstream, said people familiar with the matte Full Story »
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Barton will keep energy panel post despite BP blap Melanie Mason of the Dallas Morning News reports Texas Republicans in the House, looking to move past the controversy over Rep. Joe Barton's apology to BP, said Tuesday that they did not expect the Arlington lawmaker to lose his top post on the House energy committee. Full Story »
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Houston firm pleads guilty to selling oil field parts to Sudan Mary Flood of the Houston Chronicle reports Houston-based Agar Corp. was ordered to pay $2 million today after it pleaded guilty to a federal charge it violated an executive order and sold 14 oil field parts to Sudan. Full Story »
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Parker County jury sides with Crosstex in nuisance lawsuit Sandra Baker of the Star-Telegram reports A Parker County jury has decided that Dallas-based Crosstex Energy Services' Silver Creek natural gas processing plant in Weatherford is not a nuisance to nearby homes.
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Toxic emissions at Fort Worth sites likely because of faulty equipment Read more: http://www.star-telegram.com/2010/06/21/2281834/toxic-emissions-at- Aman Batheja of the Star-Telegram reports The June tests followed April results that found higher-than-normal levels of benzene near two compressor stations: one run by Chesapeake Energy near East Berry Street and Yuma Avenue, and another operated by EnCana Oil and Gas at Interstate 20 and Markum Ranch Road.
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Houston's Endeavour Reports Positive Results From US Drilling Initiative Houston energy firm reports encouraging results from recent wells drilled in Haynesville, Cotton Valley and Marcellus gas fields.
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Houston's Helix wants to lead oil industry cleanup Monica Hatcher of the Houston Chronicle reports on Helix Energy Services Group, an energy company with three vessels involved in BP's oil containment efforts in the Gulf, and its plans to push for a new consortium to tackle deep-water well challenges should another spill occur. Full Story »
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Range buys into Cotton Valley US independent Range Resources has paid $254,000 for a 13.56% interest in the Cotton Valley oilfield in Red River County, Texas. Full Story »
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 Texas Oil Field Roustabout, 1947. Photo by Wallis Nelson. Copyright 2010. |
| Texas Oil Field Roustabout, 1947. Full Story » Photo by Wallis Nelson. Copyright 2010. |
Anadarko points finger at BP on Gulf oil spill Anadarko Petroleum Corp., which owns a quarter of the Deepwater Horizon oil well in the Gulf of Mexico, late Friday blasted BP PLC's "reckless decisions and actions" that led to the well's explosion. Full Story »
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Amen Properties, Inc. Announces Repurchase Program for Common Stock Amen Properties, Inc. announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase from time to time, at management's discretion, up to 5,000 shares of the Company's common stock. Full Story »
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NRC Accepts Application For ESP At Victoria County Site In Texas The Nuclear Regulatory Commission has accepted for review the Early Site Permit (ESP) application for the Victoria County site near Victoria, Texas. Full Story »
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U.S. Rep. Joe Barton apologizes to BP CEO for '$20 billion shakedown' WASHINGTON – Rep. Joe Barton, R-Arlington, apologized to BP CEO Tony Hayward for what he called a "shakedown" by the Obama administration. Full Story »
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Fabric made in Waco could aid Gulf Coast oil cleanup Fibertect is a three-layer fabric its makers said can absorb 20 times its weight, meaning one pound could soak up 20 pounds of oil. The fabric was developed by Texas Tech University through a grant from the Department of Defense to clean up chemical warfare agents. Full Story »
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Lawmakers from Texas join call to lift moratorium on deepwater drilling WASHINGTON – Texas lawmakers urged the Obama administration Tuesday to lift its six-month ban on deep water drilling. Full Story »
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Mitchell County Field Subject Of Best Rejuvenation Award Energen Resources Corporation, the oil and gas exploration and production subsidiary of Energen Corporation was honored as the recipient of Oil and Gas Investor magazine's Best Field Rejuvenation Award 2009-2010 for its water-flood work for enhanced oil recovery in the North Westbrook Unit (NWBU) in Mitchell County, Texas. The award is among Oil and Gas Investors annual Excellence Awards; winners were ch Full Story »
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K.K.R. Strikes $400 Million Texas Shale Deal Kohlberg Kravis Roberts announced it would invest $400 million in a joint venture with Hilcorp Energy to develop resources in the Eagle Ford Shale region of southern Texas Full Story »
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TransCanada to Build a Tar-Sand Pipeline in East Texas While the Department of Energy took a step towards cutting the emissions of the state by approving a Carbon Capture and Storage project for Texas which will start early next year, a tar-sand Pipeline is set to penetrate through Texas land and be completed by late 2011. Full Story »
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Spills, Blasts Bring Scrutiny To Houston's Energy Industry With BP’s massive oil spill already prompting questions about the safety of offshore drilling in deep waters, a key growth area for the sector in recent years, the natural gas accidents are bringing new scrutiny to a business that may be even more important to the local oil and gas economy Full Story »
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Tesoro CEO offers $400,000 to keep exec Goff offered Everett Lewis, 62, executive vice president and chief operating officer, a $400,000 cash retention bonus “as an incentive for his continued service to the company,” should he agree to stay through Jan. 31, according to a regulatory filing Full Story »
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Questions in wake of fatal Texas pipeline blast Questions of blame rise in fatal Johnson County pipeline blast involving the Houston-based Enterprise pipeline company. Full Story »
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Texas Jury Finds $82.5 Milllion Judgment for 2007 Gas Plant Explosion A jury finds Houston-based Hanover Compressions L.P., since renamed Exterran Energy Solutions L.P., grossly negligent in the constructed, engineered and installed the natural gas processing plant.
The law firm said in a Thursday news release that the jury found the company grossly negligent in the death of an employee from Fort Worth's Quicksilver. Full Story »
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Marfa Residents Oppose Solar Array Marfa residents oppose the Tessara Solar power generation site next to Marfa. The London-based company with American headquarters in Houston plans to erect more than 1,000 three-story mirrored discs. Full Story »
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T. Boone Pickens Says Offshore Drilling Must Continue Despite the Gulf oil spill, T. Boone Pickens says offshore drilling must continue. Full Story »
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Second Natural Gas Explosion In Two Days A natural gas explosion killed two and injured three others when a bulldozer struck a DCP Midstream Partners LP pipeline in the Texas Panhandle. Full Story »
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5th Circuit Rules For Insurance Company In Oil Field Operations Coverage On May 21, a three-judge panel of the 5th Circuit reversed the summary judgment that the U.S. District Court for the Western District of Texas in Midland had granted the insured in Admiral Insurance Co. v. Randall K. Ford, d/b/a R.K. Ford and Associates, et al. and rendered judgment for the insurer. Full Story »
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Pipeline Explosion in Johnson County
A natural gas pipeline owned by Enterprise Products Partners of Houston exploded, killing one and injuring several others in Johnson County. Full Story »
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Borger Refinery Planned Production Outage Citgo refinery in Borger has a planned production outage in June. Full Story »
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Clayton Williams Energy Sells North Louisiana Properties In $77 Million Deal Clayton Williams Energy, Inc. annoucned it sold its interests in 22 operated and 76 non-operated producing wells in North Louisiana to WildHorse Resources, LLC, for $77 million, Full Story »
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Integrys Energy Sells Texas Electric Marketing Business Integrys Energy Group sold all its Texas retail electric marketing business to unnamed buyer. Full Story »
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Hereford Firm Lands Gulf Oil Cleanup Business Despite its location in the Texas panhandle, a Hereford firm pull in BP's oil spill business. Full Story »
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Exxon's pollution problems are big business
Exxon's no BP. But Exxon has pollution problems in Texas. Full Story »
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The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Aquarena Springs makes way for restoration of Spring Lake; Two Austin companies raise a combined $15.6 million; For Sale: Major Player in Fight Against Coal Company Bows Out; The Practice Piano That Made Van Cliburn Perfect; H-E-B shelved route as logistics costs rose; Did Amazon deal to settle dispute over taxes mess with Texas law?; Animal chiropractor stakes claim in DFW; Three Texas winemakers open 4.0 Cellars; Carroll Shelby, Car Builder Who Added Muscle to American Racing, Dies at 89; American Airlines Considers Change in Oldest Jet Livery; British rocker Phil Collins touring Texas to talk about Alamo book; All-Terrain Vehicle Company Moves To Sherman; American Airlines to overhaul premium seats; Dallas-based Hilltop to acquire PlainsCapital; The frequent fliers who flew too much; Hawker Beechcraft announces first flight of 400 XPR in Texas; Rumor: New Microsoft Xbox Console Being Manufactured in Texas; Company asks court to reinstate $459 million judgment;Company named for Green Ridge street eyes bid for Avon; Dallas Museum Simmers in a Neighbor’s Glare; Dallas pipeline company set to acquire Sunoco; Northwest Texas Suing Insurance Company for Millions Austin pair planning to offer barbecue, country music to international fans of F1; State’s largest fishery, near Wichita Falls, can’t raise fish without water; Trampoline sports park coming to Frisco; Bloomingdale’s Outlet opens at the Shops at Park Lane; Knapp Medical Center sale halted; Source: North Texas, UT-San Antonio To Conference USA; West Texas Wildfires Burn Again; Texas Business School Teaching Door-to-Door Sales; Firms at War Over $10 Million Contingent Fee in Patent Suit; Lubbock pet store set to leave mall after 40 years; owner blames animal rights intervention; Title fight fallout: El Paso's reputation sullied after boxing snub; Calpine to add 550 MW in Texas as reserve shrinks; Amazon, State Settle Sales Tax Fight by Ross Ramsey; Texas Army Bases Go Green, but Challenges Remain; Latham & Watkins to Represent UT in Racial Preference Case; Experts: State universities can do better at turning research into revenue; El Paso officials denounce Chavez-Lee fight cancellation, damage to city's reputation; Hobby lobby: Dueling airlines' political operations take off; Dog Food Manufacturing Plant, Jobs Coming To Brownwood; Igloo sees boost from innovation; Larry McMurtry is planning a Texas-sized book auction; Texas running low on college educated workers; Former players file concussion law suit against NFL; and more. Full Story » |
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| According to physicist Bryan Greene there are infinite numbers of Texas, infinite numbers of Texas exactly the same, and infinite numbers of Texas with slight to radical variations. So how come you live in this one? Full Story » |
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