Texas

The state’s clean energy boom could be impeded by Texas leaders’ push for legislation that would boost natural gas and place new restrictions on wind and solar projects.

Matador Production Company has agreed to pay $6.2 million in fines and mitigation measures related to 239 oil and gas well pads in New Mexico, while Permian Resources Operating agreed earlier to pay $610,000 and make improvements to its equipment to settle environmental violations.

The Eagle Ford shale currently represents about 30% of Baytex’s total production.

Geothermal energy is bidding to emerge from its dark horse status in Texas and become a possible solution of choice for some renewable applications.

Wind projects take center stage around the world, while Canada finalizes a geothermal energy project. In Finland, construction begins on the country’s first industrial-scale green hydrogen facility.

State of Energy report also sees a widening role for natural gas due to robust global LNG demand.

NextDecade pushes the final investment decision on project to the first quarter of 2023.

Texas Railroad Commission Chairman Wayne Christian cheered the state government’s push against environmental, social, and governance investing “extremists.”

The $25 million is an initial grant from the recent Bipartisan Infrastructure Law passed last November.

A recent survey by the Dallas Fed indicates significant improvement in oil and gas companies’ outlooks, tempered by high levels of uncertainty in oil prices, ongoing supply-chain limitations, and workforce shortages. Small operators outpace large operators in expected increases in production.