Chris Hosek, Texas Star Alliance-Government Affairs

I miss the Peak Oil people…
At its current rate of consumption, the United States has 227 years of technically recoverable .

North America Holds Vast Oil and Gas Reserves At current consumption rates, the United States has more than a century of technically recoverable natural gas and an even longer runway for oil.

Emissions has to be put into a global perspective. in the U.S. declined by 2.7% from 2022. However, across Asia Pacific, emissions jumped 4.9%, an increase equivalent to triple the combined decline in the U.S. and EU.

The Key Takeaways of the 2024 Statistical Review of World Energy | OilPrice.com The Energy Institute's 2024 Statistical Review reveals record highs for both energy consumption and emissions, with renewables making significant gains but fossil fuels still dominating the global energy mix.

In opting for these obscure “flag states,” the shadow fleet is sidestepping a system that has long helped keep the oceans safe, by ensuring ships are properly insured and seaworthy, and that sailors are well treated.

Russia Taps Unlikely Allies to Help Ship Sanctioned Oil Gabon has become a surprising new player in global shipping. The nation’s ship registry has ballooned to more than 100 vessels, industry participants estimate.

A state legislative committee is proposing ways to expand Texas’ liquified (LNG) industry after the Biden administration announced it was pausing pending applications for exports that would significantly impact Texas.

Texas legislative committee proposes ways to protect, expand LNG industry The LNG terminal, once completed and operational, is expected to have an export capacity of 13 million tons a year.

On this National Teacher's Day, take time to thank the teachers that have made or are making a positive impact in your life! Thank you teachers for your hard work and dedication!

https://www.calendarr.com/united-states/teacher-s-day/

U.S. producers and shippers could be one of the big winners of the latest advances in .

The surge in data centers amid the booming technology development is set to lead to higher U.S. natural demand.

U.S. Natural Gas Could Be A Big Winner of The AI Boom | OilPrice.com U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence

Texas’ major energy industry reached new peaks last year with records set for both and production.

Oil production hit a record 1.92 Bbbl in 2023, which was 51 MMbbl more than the previous record. Operators produced 12.01 Tcfg in 2023, beating the previous record by more than 13%.

Texas oil and gas production sets new records in 2023, Railroad Commission says Oil production hit a record 1.92 Bbbl in 2023, which was 51 MMbbl more than the previous record. Operators produced 12.01 Tcfg in 2023, beating the previous record by more than 13%.

Energy companies are investing more money to align with the transformative shift in future global supply, trade and consumption patterns.

Forces shaping the future of energy The world has seen record setting investment in energy amid slowing overall demand growth, a trend likely to continue in the years ahead.

The grid and companies set three all-time records for demand and supply to meet energy needs during subfreezing temperatures that began early Monday.

Texas set three records for power demand and supply during winter storm Texas breaking energy records to meet demand comes after the legislature implemented reforms to address deficiencies that occurred during Winter Storm Uri in February 2021.

The U.S. has overtaken to become the world's largest exporter of liquefied ( ) for the very first time in the industry's history. Amazingly, the U.S. only joined the LNG export market as recently as 2016.

U.S. Overtakes Qatar To Become The World’s Top LNG Exporter Plentiful shale gas has helped the U.S. overtake Qatar to become the world's largest exporter of liquefied natural gas for the very first time in the industry's history.

The United States is producing more oil (13.2 million barrels a day) than any country ever has in history.

With producing 5.7 million barrels of a day.

U.S. oil production hit a record under Biden. He seldom mentions it. The politics of oil are particularly tricky for Democrats, whose chances for victory in the 2024 elections can hinge on whether young, climate-focused voters come out in big numbers.

It was great to hear Speaker of the United States House Mike Johnson discuss the current state of politics in Washington DC and domestic policy this morning at Cheniere Energy, Inc. in Houston.

The nation’s production rose to 12.991 MMbpd, the highest since a peak of 13 MMbpd in November 2019, according to the Information Administration. Most of the gain came from , where drillers produced a record 5.63 MMbpd.

U.S. oil production approaches record as Permian output reaches “all-time” high The nation’s production rose to 12.991 MMbpd, the highest since a peak of 13 MMbpd in November 2019, according to data from the Energy Information Administration. Most of the gain came from Texas, where oil drillers produced a record 5.63 MMbpd.

Elite runners chase a 4-minute mile. Major-league batters tried to beat Babe Ruth’s original 60 home runs. When drilling an well, the next milestone is 25,000 feet. In , a nearly 22,000-foot Range Resources well has put Dennis Degner’s (CEO) target within a record striking distance.

Amazing..

The Race to Drill America’s Longest Oil and Gas Wells With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling ever deeper.

Good news for ...
In the first seven months of 2023, three countries— , the , and —began importing for the first time. By the end of next year, we expect , , , & to start importing LNG.

Three more countries began importing liquefied natural gas this year, and more will follow Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government

Great seeing Senator Charles Perry this morning at the Texas Produced Water Consortium Annual Membership Conference in Austin! Who better to give the keynote address? Senator Perry is Chair of the Senate Water, Agriculture and Rural Affairs Committee, a water expert, and he led the fight to create and fund the Consortium. The Alliance is a proud sponsor of this event!

https://www.depts.ttu.edu/research/tx-water-consortium/

The “surprise” increase in well productivity may have been unexpected for the media, but it certainly wasn’t totally unexpected for the industry. The reason: those companies that reported such productivity improvements said they’d been working at improving their drilling efficiency.
And they’ve seen results.



Https://oilprice.com/Energy/Crude-Oil/Oil-Majors-Eye-Higher-Shale-Output-This-Year.html

Oil Majors Eye Higher Shale Output This Year | OilPrice.com U.S. shale is expected to boost production this year, and despite increasing productivity per well, it is unlikely to boost total output significantly

"The Biden administration's efforts to restrict production on federal lands are hurting the U.S. economy’s growth through inflation and higher costs, according to a leader of the American energy renaissance." Harold Hamm.

US economy needs more energy production from federal lands: Harold Hamm Continental Resources Chairman Harold Hamm criticized the Biden administration's policies restricting oil and gas development on federal lands for contributing to inflation.

Drilling activity in the U.S. patch is about to rebound later this year and next year as prices have strengthened recently.

Last week, Halliburton and Baker Hughes, reported consensus-beating profits for the second quarter.

U.S. Shale Drilling Set For Recovery, Oilfield Service Firms Say | OilPrice.com Drilling activity in the U.S. shale patch is about to rebound later this year and next year as oil prices have strengthened recently, American oilfield services firms said this week

Exciting news...

The Gap announced Wednesday that Richard Dickson will assume the position of CEO, he is currently Mattel’s president and chief operating officer.

Gap hires Mattel president to be its new CEO | CNN Business The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. He’s been with the toymaker for a collective 20 years, most recently from 2014 until now, where he helped revitalize the Barbie brand.

Our nation’s reserve is at 40-year-low after historic drawdown, refilling will take decades, if it happens at all.

Massive US Oil Caverns Sit Empty and Will Take Years to Refill Stroll through the West Hackberry oil facility on the US Gulf Coast and there’s not much to see: some pipelines and other industrial equipment. But buried deep beneath the surface are storage caverns so massive they’re tall enough to house the Empire State Building with plenty of room to spare.

Domestic consumption and export of in the USA grew a combined 34.5 billion cubic feet per day (Bcfd) or 43% from 2012 to 2022, boosted by weakening demand, the Energy Information Administration (EIA) reported.

USA Gas Demand Up 43 Percent 2012-22 Driven by Shift from Coal Natural gas demand in the USA grew 34.5 Bcfd from 2012 to 2022 boosted by weakening coal demand.

It was great to speak last night at the National Ocean Industries Association (National Ocean Industries Association) legislative update in .

Always good to see Congressman Hunt ( Wesley Hunt), but to be honest, a tough act to follow.

Production in the basin, is expected to rise by about 30,000 bpd in March to a record 5.68 million.

Production in the South Texas region is set to rise by 4,000 bpd to 1.18 million bpd, the highest since April 2020.

U.S. shale oil and natgas output set to rise to record highs in March -EIA U.S. crude oil and natural gas production from the seven biggest shale basins is expected to rise to record highs in March, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.

Worth noting...

How to know the difference between a local power outage and rolling blackouts Power outages are a possibility during any severe weather event. But a local power outage is different from a larger power grid problem.

We are excited to sponsor "The State of Private Equity in Oil and Gas" tonight in . Looking forward to Mark Hamzat O. Erogbogbo 𓂀 moderating the panel of Pedro Blanco, Zac Coplon, Devon Dixon and Laura Freeman.

Houston Geological Society

“Global competition to attract projects is fierce and our priorities are aligned with keeping as the number one state to do business and the number one state for exported manufactured goods,” said Richard A. (Tony) Bennett, president and CEO of Texas Association of Manufacturers “Smart policies related to economic development, , , and are key to attracting and keeping large-scale manufacturing projects in Texas. Those projects will strengthen our national and supply chain security, as well as protect Texas’ leadership in emerging technologies and advanced manufacturing.”



Top 10 Policy Priorities:

Advocates For Manufacturers - Texas Association of Manufacturers Texas Jobs. Texas Made. The Texas Association of Manufacturers is comprised of advocates for Texas manufacturing. Stay up to date on Texas manufacturing news.

U.S. inventories have grown by fewer than 10 million barrels so far this year, according to API data. Meanwhile, crude stored in the nation’s Strategic Petroleum Reserves sunk by nearly 23 times that figure so far this year—by 218 million barrels.

Crude Oil Inventories Fall Again Even As SPR Inventory Draws Continue | OilPrice.com Crude oil inventories fell slightly last week, even as SPR drawdowns continue towards the end of the year

Japanese companies said they reached deals with Omani and U.S. producers for mid- to long-term supplies, a move to lock up the fuel after turmoil this year caused by ’s invasion of .

Japanese Companies Reach Natural-Gas Deals With Oman, U.S. Japanese companies said they reached deals with Omani and U.S. producers for mid- to long-term supplies of liquefied natural gas.

The Permian remains the star of the shale patch, with production expected to hit another record next month, at 5.453 million bpd, according to the U.S. Energy Information Administration.

Yet these figures are unlikely to change much for the rest of the year, due to the ongoing supply chain challenges in the industry and a continued workforce shortage, analysts have noted.

Oil Majors Expect Permian Production Growth To Slow | OilPrice.com After posting record profits and production in the third quarter, two oil majors have suggested that production growth in the Permian will start to slow