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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 the CIA not to disclose that (but if you want to know you can go here).

Daily Bulletin

Lone Star Stories

• TotalEnergies' Big Shift: Exits Oil Sands, Enters Texas Power Play

TotalEnergies has sold its stakes in two major Canadian oil sands projects (Fort Hills and Surmont) for a combined total of over $3.8 billion, exiting the Canadian oil sands industry. The company is expanding into the U.S. energy market by acquiring three Texan gas-fired power plants for $635 million, boosting its renewable energy portfolio and trading presence.

• Oil Prices Steady as OPEC+ Meeting Looms

Oil prices hovered nearly flat on Tuesday, with Brent at $82.45 a barrel and WTI at $77.77, as investors await an OPEC+ meeting that might extend supply cuts. The oil market, down about 16% since September, is wary of U.S. output highs and global demand concerns, with a recent oil spill in the Gulf of Mexico adding to the uncertainties.

Reader Question of the Day

How are health, safety, and environment (HSE) management systems evolving in the oil industry?

Health, Safety, and Environment (HSE) management systems in the oil industry are getting a major upgrade, kind of like updating an old phone to the latest model. Companies are now using more digital tools and data analytics to keep an eye on everything. This means they can spot risks or problems faster and fix them before anyone gets hurt or the environment is harmed. It's like having a super-smart security system that watches over the whole operation.

Also, there's a bigger focus on training and involving everyone in safety practices. Companies are using virtual reality (VR) and interactive training programs to teach workers about safety in a more engaging way. It's like playing a video game that teaches you how to stay safe on the job. By making safety training more fun and realistic, workers are better prepared for real-life situations. These changes show that the oil industry is serious about keeping people and the planet safe while they work.

Sources: 1

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