Texas oil and gas news

Here are some recent news articles and updates on the Texas oil and gas industry:

News Articles:

  1. Permian Basin oil production reaches record high: The Permian Basin, which spans parts of West Texas and New Mexico, produced a record 4.2 million barrels of oil per day in October, according to the Texas Railroad Commission. (Source: Houston Chronicle)
  2. Texas oil and gas industry sees significant growth: The Texas oil and gas industry saw a 10% increase in employment and a 15% increase in wages in 2022, according to a report by the Texas Oil and Gas Association. (Source: Dallas Business Journal)
  3. EPA proposes new rules for methane emissions: The Environmental Protection Agency (EPA) has proposed new rules to reduce methane emissions from oil and gas operations, which could have significant implications for the Texas industry. (Source: The Hill)
  4. Texas oil and gas companies face challenges from climate change: As the world transitions to cleaner energy sources, Texas oil and gas companies are facing increasing pressure to adapt to changing regulations and market conditions. (Source: Bloomberg)

Industry Updates:

  1. ConocoPhillips announces major investment in Permian Basin: ConocoPhillips has announced a $1.1 billion investment in the Permian Basin, which will include the development of new oil and gas wells and infrastructure. (Source: ConocoPhillips)
  2. Occidental Petroleum to increase Permian Basin production: Occidental Petroleum has announced plans to increase its Permian Basin production by 20% in 2023, which will include the development of new wells and the expansion of existing infrastructure. (Source: Occidental Petroleum)
  3. Texas oil and gas companies partner to reduce emissions: Several major Texas oil and gas companies, including ExxonMobil and Chevron, have partnered to reduce methane emissions from their operations and develop new technologies to reduce emissions. (Source: Texas Oil and Gas Association)
  4. New pipeline project to connect Permian Basin to Gulf Coast: A new pipeline project, known as the Permian Highway Pipeline, is expected to connect the Permian Basin to the Gulf Coast, which will increase the region's ability to transport oil and gas to markets. (Source: Energy Transfer Partners)

Regulatory Updates:

  1. Texas Railroad Commission proposes new rules for oil and gas waste disposal: The Texas Railroad Commission has proposed new rules for the disposal of oil and gas waste, which could have significant implications for the industry. (Source: Texas Railroad Commission)
  2. EPA proposes new rules for oil and gas emissions: The EPA has proposed new rules to reduce emissions from oil and gas operations, which could have significant implications for the Texas industry. (Source: Environmental Protection Agency)
  3. Texas Legislature considers new regulations for oil and gas industry: The Texas Legislature is considering new regulations for the oil and gas industry, including proposals to increase transparency and accountability. (Source: Texas Legislature)

I hope this information is helpful!