Day: October 12, 2022

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CNC Releases White Paper Calling for CCUS Incentives

AUSTIN – The Carbon Neutral Coalition (CNC) today released a white paper calling for the state of Texas to authorize economic incentives, such as tax credits or property tax reductions, that support Carbon Capture Utilization and Storage (CCUS) to preserve the fossil fuel industry and reduce carbon dioxide emissions.    “Texas has a strong energy […]

CONTINUE READING CNC Releases White Paper Calling for CCUS Incentives 4 min read
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Texas Is Primed To Be Our Nation’s Direct Air Capture Hub

By University of Houston Energy Fellows Forbes, Sept. 14, 2022   Right now, much of the climate change conversation is focused on reducing future emissions. While that is critical, it represents only part of the solution. Some industrial processes – steel, cement and aviation – will prove challenging to decarbonize. Having a way to remove […]

CONTINUE READING Texas Is Primed To Be Our Nation’s Direct Air Capture Hub 5 min read
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Texas experienced more power outages than any other state over the past 20 years, report says

By Michael Karlis The San Antonio Current, Sept. 20, 2022   Over the past 20 years, Texas experienced more power outages than any other U.S. state, according to a recent study by environmental advocacy group Climate Central.   What’s more, the report’s authors warn that blackouts are likely to become more common nationwide as climate change […]

CONTINUE READING Texas experienced more power outages than any other state over the past 20 years, report says 1 min read
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New Mexico, Texas team up to regulate Permian Basin oil and gas wells crossing state line

  By Adrian Hedden   Carlsbad Current Argus , October 11,2022   Oil and gas operations in the Permian Basin – shared by southeast New Mexico and West Texas – boomed in recent years with wells sprouting up around the state line between two states.   Wells even crossed state lines, being drilled horizontally from […]

CONTINUE READING New Mexico, Texas team up to regulate Permian Basin oil and gas wells crossing state line 3 min read
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Oil field services sector continues to add jobs as overall hiring slows

  By Kyra Buckley   Houston Chronicle , October 11, 2022   Companies that provide equipment, labor and technology for oil and gas drilling continue to add workers, but employment in the oil-field services sector remains well below pre-pandemic levels.   In September, employment in oil-field services and equipment ticked up nationwide to 640,767, according to […]

CONTINUE READING Oil field services sector continues to add jobs as overall hiring slows 2 min read
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OPEC+ Production Cut Should Refocus Washington on American Energy

By Dean Foreman   American Petroleum Institute , October 11 , 2022   With the world struggling under cost pressures associated with the persistent imbalance between global oil demand and supply, OPEC+ announced its sharpest cuts to production since the 2020 pandemic – and in the process sent a clear signal to Washington and other capitals that […]

CONTINUE READING OPEC+ Production Cut Should Refocus Washington on American Energy 5 min read
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September Natural Gas, Oil Production Taxes Add $1B to Texas Treasury

By Matthew Veazey   Natural Gas Intelligence , October 11,2022   Natural gas and oil production taxes generated more than $1 billion for the Lone Star State in September, the Texas Comptroller of Public Accounts reported.   The Texas Comptroller’s office said the natural gas production tax garnered $480 million last month, representing a 91% […]

CONTINUE READING September Natural Gas, Oil Production Taxes Add $1B to Texas Treasury 1 min read
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218 Chambers and Associations from 47 States Call on the Biden Administration to Strengthen U.S. Energy Production

Global Energy Institute , October 11,2022   WASHINGTON, D.C. —  A coalition including the U.S. Chamber of Commerce, state and local Chambers from across the nation and trade associations called on the Biden Administration to remove impediments to greater domestic energy production—including abandoning an Administration proposal to ban new offshore lease sales. 204 Chambers representing 47 states and 14 national associations told […]

CONTINUE READING 218 Chambers and Associations from 47 States Call on the Biden Administration to Strengthen U.S. Energy Production 3 min read

The Hydrogen Economy

Carbon Capture, Utilization, and Storage: Incentives