A deep dive into the nation’s oil and gas reserves and production recently was undertaken by Ernst & Young LLP, looking at reserve disclosure information from 2014 through 2018. That period ranges from the triple-digit prices of early 2014 through the crash to near $30 a barrel in early 2016 and the price recovery since […]
When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]Read more "Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com"
Stakes have been placed in the ground, pipe stacked in yards and construction is set to begin on the Permian Highway Pipeline. The $2 billion partnership between Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream subsidiary Altus Midstream Processing LP will be comprised of 430 miles of 42-inch pipeline carrying up to 2.1 billion cubic […]Read more "Construction about to begin on Permian Highway natural gas pipeline – San Antonio Express-News"
Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]Read more "Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram"
Companies have proposed at least eight offshore oil-export terminals — many requiring billions of dollars in investment — that would stretch from off the coast of Brownsville to southeastern Louisiana and take advantage of a new flood of crude from the booming Permian Basin as several pipelines connecting West Texas and the Gulf Cast near […]Read more "The race to build offshore oil export terminals – HoustonChronicle.com"
Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on http://www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growthRead more "Moody’s: Outlook stable for global E&P growth | Oil & Gas Journal"
ANCHORAGE, Alaska (AP) — An Alaska community has criticized the process used to select the terminus of the proposed $43 billion Alaska LNG Project, a report said. An environmental review by… — Read on http://www.apnews.com/14f426b0305d442eb4e5bfce11f52557Read more "Alaska communities debate proposed location of LNG project"
Natural gas was the fastest-growing energy source in the world last year — when global energy consumption rose at its fastest pace in nearly a decade, according to a new International Energy Agency report. Driving the news: Natural gas accounted for 45% of all energy consumption growth in 2018. Most regions and many industries, including the […]Read more "In an energy-hungry world, natural gas gaining the most – Axios"
R&D Pipe Company Participated in the 2019 Gulf Coast Oilmen’s Invitational in Galveston, Texas. 30th Annual Gulf Coast Golf Classic Benefiting: Shriner’s Hospital for Children Galveston When: MAY 16-18, 2019 Ron Underwood, President of R&D Pipe Company 2019 will be GCO’s 30th year helping the Shriners Hospital for Children-Galveston. The 2018 event was a successful […]Read more "2019 Gulf Coast Oilmen’s Invitational"
From foreign security agencies to hacking collectives intent on bringing modern society to a grinding halt, the more than 2.7 million miles of oil and natural gas pipelines crisscrossing the United States make an alluring target. And standing between hackers and potentially devastating disruptions to the nation’s energy system is a division with six employees […]Read more "TSA under scrutiny over pipeline security failures – HoustonChronicle.com"