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Entries in Energy (44)

Friday
Jul212017

COGA 29th Annual Engery Summit 

 

The Energy Summit proudly enters its 29th year with a focus on “Cleaner, Better, Further, Safer”. Over three days, our speakers will explore the industry’s commitment to a cleaner energy future, strategies employed to position companies for better success, technological advances that take us further to energy security, and continuing implementation of practices that keep our industry safer than ever before. Register HERE

Friday
Jul072017

Myth Busted: Tourism Industry Is Thriving in America’s Top Oil & Gas Producing States

Energy In Depth

July 7, 2017

The idea that fracking and tourism can’t coexist is something that has been perpetuated by anti-fracking activists eager to ban the practice in states like Maryland and Florida. But there’s a problem with the claim that fracking and tourism can’t co-exist: it’s false. In fact, America’s top oil and gas producing states also have thriving tourism industries as EID’s latest infographic shows.

Let’s take a deeper dive into the tourism industries of some of the top oil and gas producing states in the country: Texas, North Dakota, and Pennsylvania.

Texas: U.S.’s No. 1 oil and natural gas producer

From 2008 – 2015:
  • Oil production increased 212 percent
  • Natural gas production increased 14 percent
  • Visitor spending increased 14 percent
Texas is the top oil and natural gas-producing state in America, producing 980 million barrels of crude oil and 7.9 trillion cubic feet (tcf) of natural gas from April 2016 to March 2017. To put this into perspective, if Texas were a country it would be the world’s third largest producer of both natural gas (behind only the United States and Russia) and oil (behind Saudi Arabia and Iraq). That level of production equated to roughly $26 million per day ($9.5 billion annually) in state and local revenue for Texans in 2016, according to recent data from the Texas Oil and Gas Association (TXOGA).
Tuesday
May302017

2017 Energy and Agriculture Summit to be Held in Denver

Everything Lubbock

May 30, 2017

The Ports-To-Plains Alliance announced today it will host the 2017 Energy and Agriculture Summit June 13-14 in Denver, Colorado.

Organizations and individuals focused on energy and agriculture will have an opportunity to learn more about these critical economic drivers through dynamic panel discussions, keynote speakers and industry networking event
“The goal of the 2017 Energy and Agriculture Summit is to tell our economic story of energy and agriculture productivity,” explains Michael Reeves, president of the Ports-To-Plains Alliance. “The Summit will give industry leaders a platform to discuss pressing issues and learn how together, we can drive change.”
The 2017 Energy and Agriculture Summit, which will be held at the Denver Airport Marriott at Gateway Park, offers a great opportunity to foster innovation, cooperation and success across the Ports-To-Plains region.

Monday
May152017

Signs of oil boomlet in North Dakota after pipeline finished

Calgary Herald

May 15, 2017 

 BISMARCK, N.D. — There are hundreds more jobs than takers in the heart of North Dakota's oil patch. Finding a hotel room, parking space or table at a restaurant is no longer easy.

More than two years after the state's unprecedented oil bonanza fizzled to a lull, North Dakota — the nation's No. 2 oil producer behind Texas — is experiencing a sort of boomlet that has pushed daily production back above 1 million barrels daily.

"There is a long-term optimism that was not here just a year ago," said Williston Republican Sen. Brad Bekkedahl, whose western North Dakota district is in the epicenter of the state's oil-producing region.

Industry officials and others say the uptick comes from a bump in crude prices, regulatory certainty with the more drill-friendly Trump administration, better technology, and the prospect of nearly half of the state's crude coursing through the disputed Dakota Access Pipeline, which could open markets abroad where top prices are typically fetched.

Read on... 

*North Dakota State Senator Brad Bekkedahl is a member of the Ports-to-Plains Alliance Board of Directors.

Thursday
Mar232017

Xcel announces $1.6 billion investment in wind energy from South Plains, New Mexico

Lubbock Avalanche-Journal

March 23, 2017

AMARILLO — Xcel Energy on Tuesday filed to build two new wind energy developments, as well as entering a long-term contract with two existing sites on the South Plains and Eastern New Mexico, adding 1,230 megawatts — enough energy to power 440,000 homes — to its regional system.

The new investment in wind energy comes at a cost of $1.6 billion.

The company plans to build the Sagamore Wind Project in Roosevelt County, New Mexico, by 2020 and the Hale Wind Project in Hale County, south of Plainview, by 2019. Two prospective wind fields in Cochran County and Crosby County near Lubbock, owned by NextEra Energy Resources and known collectively as Bonita Wind Project, will generate an additional 230 megawatts from 2019 to 2049.

Read on...


Wednesday
Apr302014

Boom Time in Texas: Jobs, Traffic, Water Worries: As Economy Prospers, State Copes With Crowded Highways, Strained Water Supplies

HEB Grocery Co., which has more than 350 stores in Texas and Mexico and $20 billion in annual sales, has become so frustrated with traffic congestion in its home state that it recommends increasing state gasoline taxes to fund construction and maintenance, says Ken Allen, a consultant who advises the company on transportation issues.

"Higher tax rates would cost us millions of dollars a year, but the cost of congestion is a hidden tax," says Mr. Allen, formerly HEB's head of transportation logistics. "We are behind in Texas on infrastructure and are getting more behind every year."

Click here for complete article > Wall Street Journal

April 28, 2014

   Americans have flocked to Texas in search of a piece of the state's booming economy as much of the rest of the country struggled.

Now, the state's largest cities are seeing crowded highways, strained water supplies and other pressures that have come with the growth. And Texas politicians—protective of the small-government, low-tax policies many of them believe are at the root of the state's success—are grappling with how to pay the price of prosperity.

Aided by the promise of plentiful employment and a low cost of living, Texas added 1.3 million people from 2010 to 2013, more than any other state, according to the U.S. Census Bureau. The Lone Star State's population has pushed past 26 million and is projected to reach 40 million by 2050…

Wednesday
Mar192014

Alberta economic engine leading way for Canada: Real GDP growth forecast to be best in 2014 and 2015

“Alberta’s economy is one of the strongest in the country,” said Ben Brunnen, economic consultant in Calgary. “Natural resource sector investment has driven much of this growth, and has spurred economic activity and job creation in supporting industries.

Click here for complete article > Edmonton Journal

March 19, 2014

Alberta’s economy will be the envy of other provinces this year and in 2015.Alberta’s economy will be the envy of the nation this year and next year with real GDP growth the best in Canada, says the latest RBC Economics Provincial Outlook.

The report, released Wednesday, said the province will see annual economic growth of 3.7 per cent in 2014 and 3.5 per cent in 2015.

“Since 2010, investment in energy resources in Alberta have been massive and will continue to generate substantial direct and indirect activity in the province,” said Craig Wright, senior vice-president and chief economist with RBC, in a statement. “We are actually seeing the provincial economy enjoy strong performance across a wide-range of sectors – this will be another key theme in Alberta’s growth story this year.”...

Friday
Jan172014

Gas Up the DeLorean: 5 Innovators Prove the Future of Clean Energy is Here

Click here for complete article > Free Enterprise – U.S. Chamber of Commerce

January 15, 2014

Christopher Lloyd and Michael J. Fox in a scene from Back to the Future (Universal Studios).Adding gigawatts to the power grid sounds like something out of Back to the Future. But it’s happening—now. Gas up the DeLorean. The future of clean energy is here.

Wind power became the number one source of new electricity generation in the U.S. in 2012, accounting for over 43% of new additions with over 13 gigawatts added to the grid. The Energy Information Administration’s most recent market outlook forecasts consumption of solar and other renewables will grow by 3.6% through 2013. And on the supply side, ongoing debates about the prices of renewables and their inability to compete in the marketplace void of subsidies, hasn't stalled solar or wind developers from growing their footprint. Solar is also scaling up with the industry adding 930 megawatts of new photovoltaic capacity through the third quarter of 2013. Solar now generates over 10,250 megawatts of electricity…