- Follow The Money
- Posts
- Texas Heat Turned Up, Oil & Gas Keeps Its Cool
Texas Heat Turned Up, Oil & Gas Keeps Its Cool
Barrel Hub
July 11, 2023
💰Time is money, and our goal is to help you save yours.
📰 Wake up every day to the top news stories, yesterday’s posted price Bulletins, Nymex and Henry Hub strips.
📊We may even sprinkle in some proprietary data here and there (shh)!
⛽All you need to do is be you and let us handle the rest.
🆓For those of you who refer friends (3 to be exact), you will also receive our Premium Monthly Newsletter – free of charge.
😃If you’re a Barrel Hub subscriber, then it’s good to see you!
🤝If not, no worries, there’s still time to fix that.
🆒If you’re curious, click here… we love to talk about ourselves.
💸Now, on to the good stuff!
Daily Data Dump
The good, the bad, and the ugly of Texas oil production.
Best of the Best 🏆️
Every week, we sift through our proprietary data to find the best performers in Texas.
Never Quit 😢
Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).
If you’re wondering how we get this information, we’re under strict orders from OPEC not to disclose that (but if you want to know you can go here).
Daily Bulletin
Futures Curve
Lone Star Stories
Despite temperatures peaking at 103F (39.44C) in the Midland-Odessa area of Texas, oil and gas operations have largely remained unaffected, with no significant disruptions reported during the extreme heat conditions, according to Ed Longanecker, the President of Texas Independent Producers and Royalty Owners Association (TIPRO).
Texas Governor Greg Abbott's proposition to completely abolish property taxes has been met with both support and skepticism, with critics such as Lieutenant Governor Dan Patrick questioning how the government would function without this major revenue source that contributed $73.5 billion in 2021.
Reader Question of the Day
What is carbon capture and how can it be applied in the oil industry?
Carbon capture, also known as carbon capture and storage (CCS), refers to the process of capturing or collecting carbon dioxide (CO2) emissions, typically from large point sources like power plants or industrial processes, and storing it so that it doesn't get released into the Earth's atmosphere and contribute to global warming.
Enhanced Oil Recovery (EOR)
Industrial Emissions Capture
Direct Air Capture (DAC)
Although CCS technologies are promising, they also have limitations and challenges, including high costs, energy requirements, and the need for suitable storage locations. Additionally, while CCS can reduce CO2 emissions, it doesn't address other environmental impacts associated with the oil industry, such as spills or habitat disruption from drilling.
Reply