Posted September 18, 2017
Much of the energy-related news from hurricane-recovery areas of Texas and Florida continues to be encouraging. Shell said it was restarting its Deer Park refinery in the Houston area that was shut down three weeks ago with the approach of Hurricane Harvey. ExxonMobil said it could start most of the production units at its Beaumont, Texas, refinery later this week. In Florida, Gov. Rick Scott said pre-Hurricane Irma preparations and a concentrated focus on refueling the state’s communities have shown progress.
Posted September 12, 2017
Posted September 7, 2017
The humanitarian effort underway after Hurricane Harvey is showing Americans at their best. Communities across Texas have been battered by storm, with record-setting floods damaging or destroying more than 300,000 homes in the southeast part of the state. In Houston, home to 2.3 million people, the challenges of recovery are proving to be quite unique.
As families in one of the nation’s biggest corporate hubs began the arduous process of rebuilding, many have been able to turn to their employers for assistance. Energy companies have set up stations for employees to pick up emergency supplies, they’ve sent work crews to rip out drywall from flooded homes, and they’ve even provided helicopters to deliver water to families when the city of Beaumont’s water service failed.
Posted September 5, 2017
The thoughts of the nation have been with Texas over the last week as the state grapples with the devastating impacts of Hurricane Harvey. Aiding those in the path of the storm and subsequent flooding remains the top priority, and the efforts of Texans and volunteers from around the country show America at its best. … Celebrities, businesses and even the “Cajun Navy” have given graciously to aid those in need. And natural gas and oil companies are no different. From boots on the ground clearing debris, to donation drives collecting much-needed supplies, to contributions to the Red Cross, here are some highlights of the companies in action.
Posted September 22, 2016
One way to look at oil and natural gas production in Texas – it leads the 50 states in both – is that if Texas were its own country it would rank in the top 10 among the nations of the world in oil and gas output. Texas is its own energy giant.
Posted July 12, 2016
The sound approach to energy regulation in the U.S. – one that provides appropriate oversight to oil and natural gas development without unnecessarily impeding progress – continues to be a major theme at the U.S. Energy Information Administration’s (EIA) annual conference in Washington.
Tesoro President and CEO Gregory J. Goff raised the point with his Day 1 keynote speech, calling for transparency, fairness and accountability in federal regulation:
“Consumers, companies and the economy all benefit when government policies are well-reasoned and balanced. America is blessed with an abundance of affordable, reliable energy. It must not be squandered. Allowing the forces of the free market to operate will continue to benefit society. Government should be a facilitating partner in this positive economic force, not a roadblock to it.”
Posted July 21, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Texas. This week started with Maine and the series began with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with Texas, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.
Posted May 28, 2015
We often call the United States a global energy superpower, and it is – No. 1 in the world in the production of petroleum and natural gas hydrocarbons in 2014, according to the U.S. Energy Information Administration.
This is the result of an ongoing energy revolution, harnessing vast oil and natural gas reserves found in shale and other tight-rock formations, thanks to advanced hydraulic fracturing and horizontal drilling. America has the energy and the technologies, but also the robust industrial sector necessary to completely rewrite our country’s energy story.
Here’s another way to look at it: A number of individual U.S. states now rival the world’s major energy-producing countries. In other words, as separate countries those states would be world leaders in energy output.
Posted March 24, 2015
Posted March 4, 2015
AEI Carpe Diem Blog: The Energy Information Administration (EIA) released new state crude oil production data last week for the month of December, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of December and the economic impact that production is having on the state and national economies:
For the ninth straight month starting in April 2014, oil drillers in Texas pumped out more than 3 million barrels of crude oil every day (bpd) during the month of December.