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The Gastly Invasion: Big Bucks Turn Greenfields into Gasfields in Texas
Barrel Hub
July 14, 2023
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Daily Data Dump
The good, the bad, and the ugly of Texas oil production.
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Every week, we sift through our proprietary data to find the best performers in Texas.
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Daily Bulletin
Futures Curve
Lone Star Stories
Despite significant opposition and delays, Houston-based NextDecade has secured $5.9 billion in financing to commence construction on the Rio Grande LNG facility in the largely undeveloped wetlands of the Rio Grande delta, aiming to become one of the world's largest gas export terminals.
Callon Permian LLC has been penalized by the U.S. Environmental Protection Agency (EPA) for hazardous emissions from their thirteen facilities in the West Texas Permian Basin, requiring corrective measures expected to reduce volatile organic compound (VOC) emissions by over 1.2 million pounds and methane emissions by over 4.6 million pounds.
Reader Question of the Day
What is the role of the oil industry in the petrochemical sector?
The oil industry plays a fundamental role in the petrochemical sector. Petrochemicals are chemical products derived from petroleum and other fossil fuels such as natural gas and coal. They also include some elements derived from biomass.
Here's how the oil industry contributes to the petrochemical sector:
Raw Material Supply
Fuel Supply
Research and Development
Infrastructure and Logistics
Overall, the oil industry is an integral part of the petrochemical sector, providing the essential raw materials and supporting services that enable the production of a wide range of chemicals and synthetic materials.
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