Among the myriad industries affected by the COVID-19 pandemic is one particularly critical to Texas: oil! As much of the global economy shut down to slow the spread of the virus this spring, fuel demand plummeted. Prices plunged, with...
LAREDO, Texas – The magazine Oil and Gas Investor has named Radcliffe “Cliffe” Killam II, president of Laredo-based Killam Oil, as a 2020 honoree in its Forty Under 40 program.  Selected from among hundreds of nominations, Killam was recognized for...
A quick glance back at Mexico’s history, the government acting to protect its sovereignty by nationalizing oil (President Lázaro Cárdenas, 1938), suffices to explain the symbolic role of oil in Mexico. Britain severed relations. Democratic President Franklin Roosevelt, realizing...
The United States has emerged as a leader not only in global energy but also in environmental progress. During a time when the U.S. saw exponential growth in domestic energy production, our nation reduced energy-related carbon dioxide emissions more...
Driving across South Texas, you’ve seen them - acres of wind turbines, bright white during the day and blinking across the night sky.  In our region, the wind farms invoke a sense of pride. With several wind projects across our...
Living in South Texas, we are no stranger to crises. From a 500-year flood event last year to the many turbulent challenges we have experienced in just the past few months, emergency preparedness is a perpetual priority for the...
The Texas oil and natural gas industry recognizes its profound responsibility to power modern life in a responsible and safe manner. This is why Texas operators are working toward a common goal of reducing and ultimately ending routine flaring.  Flaring...
The expansion of the U.S. energy industry bolstered America’s GDP and strengthened its national security. Now, the coronavirus pandemic threatens to reverse decades of gains despite an OPEC+ production cut agreement to end the Saudi Arabia-Russia oil price war. Petroleum storage...
Oil markets are in turmoil. In January, oil prices were trending in the upper $50s per barrel. Now, spot prices are a fraction of that level and futures prices actually went decidedly negative for the first time in history...
Since the beginning of 2020, oil prices have fallen from the upper $50s per barrel to $20 or less.  Needless to say, the fallout has dramatically hit major production areas, including those in Texas.  A recent agreement between OPEC, Russia, the...

Latest Posts

Stay Connected

8,099FansLike
1,089FollowersFollow
7,684FollowersFollow
53SubscribersSubscribe