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...
This weekend, OPEC and additional countries reached a historic agreement to pull 9.7 million barrels of oil out of the market.   When you add the 1.5 million barrels that the U.S., Canada, and Brazil have already cut, the world's supplies...
Environmental conservation has emerged as a dominant issue throughout the Democratic presidential primary campaign with even entire debates devoted to the issue. And while it may be tempting to write it off as a one party issue, a recent...
The price of crude oil has fallen substantially, roiling markets. Let’s look at what has happened and what we might expect going forward. Since the coronavirus outbreak began, slack has developed in demand for crude oil. Disruptions and quarantines have...
HARLINGEN, RGV - Texas oil and gas companies are committed to reducing emissions and helping improve the world’s climate. That is the view of Todd Staples. The president of the Texas Oil & Gas Association held a conference call with...
PHARR, RGV - A candidate running for Railroad Commissioner visited the Rio Grande Valley on Saturday to make her pitch to voters. Chrysta Castañeda has been in and around the oil and gas industry for 35 years, both as an...
Earlier this month, oil facilities in Saudi Arabia were attacked, knocking a large portion of production (about five of the world’s daily supply) offline. However, rather than a market-roiling, global crisis, the result was a modest increase in oil prices....

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