Texas

Oil prices are up and so is the outlook for companies at the heart of the US unconventional oil sector, but they still have their concerns.

A new white paper reports that Houston is better poised than anywhere else in the US to play a far more significant role in reducing emissions from industrial sources.

A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.

Oil and gas producers in the state are being asked to submit data and economic analysis on why they cannot sell natural gas before they are granted permission to flare it.

Plugging and cleaning up the open oil and gas wells in Texas could cost companies and taxpayers as much as $117 billion, according to a new report.

Two of Europe’s biggest oil companies urged Texas regulators to end the routine flaring of natural gas, joining with large investors who want greater oversight of the harmful environmental practice.

The original technology selected in 2015 and 2016 for Rio Grande LNG has since evolved. With five trains instead of six, Rio Grande LNG will still produce 27 mtpa.

The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure.

The Texas Railroad Commission’s chairman has said the commission will look into policies to “drastically reduce” natural gas flaring from the state’s shale patch as investors become increasingly sensitive to climate-change concerns.

Recommendations include changes to current forms and reports used to track flaring.