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March 28, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 28, 2017

March 27, 2017

WTI up 0.07 to close at $48.22

Brent up 0.58 to close at $51.33

Natural gas down 0.01 at $3.05

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CLOSING OIL STOCKS

Anadarko (APC) up 1.20 at 61.14

Apache (APA) up 1.50 at 51.22

Chevron (CVX) up 0.89 at 107.17

ConocoPhillips (COP) up 1.09 at 45.38

Devon (DVN) up 0.74 at 39.62

Energy Transfer Partners (ETP) down 0.07 at 35.44

EOG Resources (EOG) up 1.91 at 95.29

ExxonMobil (XOM) up 0.59 at 81.84

Halcon (HK) up 0.20 at 7.20

Marathon Oil Corp. (MRO) up 0.48 at 15.23

Noble Energy (NBL) up 1.30 at 34.15

Occidental Petroleum (OXY) up 0.53 at 63.40

Parsley Energy (PE) up 0.91 at 31.57

Phillips 66 (PSX) up 0.67 at 77.92

Pioneer Natural Resources (PXD) up 4.97 at 185.37

Valero (VLO) up 0.06 at 66.29

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.15 at 67.84

CenterPoint (CNP) unchanged at 27.69

Entergy (ETR) up 0.03 to close at 76.51

Exelon Generation (EXC) down 0.17 at 35.67

Next Era Energy (NEE) up 0.16 at 131.26

NRG (NRG) down 0.07 at 18.11

By Mike Shiloh

March 28, 2017

House Passes RRC Sunset Bill, OKs Amendment to Punish Oil & Gas Employers

Amendment to Railroad Commission Sunset bill seen as reaction to "sanctuary cities" bills

The Texas House of Representatives has passed the entire Railroad Commission of Texas Sunset bill on a voice vote, sidestepped a showdown over bathroom privileges and approved an oil & gas immigration employment amendment to the bill.

Passed 97-46 and introduced by Dallas-area Democrat Representative Raphael Anchia, the amendment holds executives of any RRC-related business liable for demonstrating that employees are legally employable in the United States, with violations considered Class A misdemeanors and punishment including a fine of up to $4,000 and/or a year in jail.

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By Mike Shiloh

March 27, 2017

House RRC Sunset Tuesday Promises Big Controversy

Amendment filed that would add "bathroom bill" to RRC Sunset bill

Action on energy-related bills in the Texas Capitol has been slow, but the House is expected to discuss the Texas Sunset Commission findings Tuesday, and consider a bill to continue funding the RRC under its current name.

A hot topic will likely be possible unfunded mandates proposed for the Railroad Commission of Texas, with House Bill 1818 aimed at continuing the commission for another 12 years but adding requirements that the OIl and Gas Division implement a plan for increased monitoring and enforcement procedures and possibly come up with a plan for using "alternative dispute resolution (ADR)."

A hotter topic is a plan by six house members to write the language of the highly controversial "bathroom bill" into an attachment to House Bill 1818.

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By Mike Shiloh

March 27, 2017

Research Into the Fracking Process is Bringing New Insights

How the study of molecules in fluid interaction with oil helps increase the precision of hydraulic fracking

Oil and water, of course, don't mix, but there's more to fracking than just the old saying.

Research into the physics of liquid motion is making the science of hydraulic fracking more precise.

We know that pumping water with sand and thickening agents into rock formations can force water into pockets in the rock, displacing oil and gas and allowing them to then be pumped to the surface.

Scientists say the main reason water molecules disrupt the oil and gas in the formations is the tension or force with which the water molecules contact the oil or gas molecules as they flow in through minute cracks.

There's been an equation, relied on for nearly 100 years, that predicts the expected tension between the molecules as they meet -- an equation that also helps predict the precision of fracturing based on the pressure of fracking fluid -- and it is that tension that helps force the oil and gas toward the surface.

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By Mike Shiloh

March 27, 2017

Quorum Report: Texas GOP Chairman Slams Texas Tribune Story

Mechler said he’s done it all by the rules and “It comes as no surprise that the Texas Tribune, an organization with a history of bashing Republicans and Republican values while lifting up Democrats, is at it again.”

In response to a Texas Tribune story this week that suggested he may have improperly lobbied state officials about the oil and gas business, Republican Party of Texas Chairman Tom Mechler on Wednesday told members of the State Republican Executive Committee he wanted to “set the record straight.”

“It is not surprising that Democrats and the liberal media are continuing to lob false accusations at Republican leaders across the state,” Mechler wrote in an email obtained by Quorum Report on Thursday.

“Over the past year, they have repeatedly used false allegations and fake news to try to discredit Republican leadership,” Mechler said.

By Scott Braddock

March 27, 2017

Total: New $1.7 Billion JV Port Arthur Project

International deal for polyethylene cracker hopes for 2020 startup

Cheap Texas natural gas is a major factor behind Total's decision to locate a new $1.7 billion joint venture along the upper Texas Coast.

The French oil and gas company announced its intentions Monday to build an ethane steam cracker in Port Arthur as part of a partnership with Vienna, Austria's Borealis (the second largest polyethylene producer in Europe) and Nova Chemical of Calgary, Canada.

Total will be majority owner at 50%, with the other two companies dividing remaining interest.

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By Mike Shiloh

March 27, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 27, 2017

WTI down 0.12 to close at $47.85

Brent up 0.09 to close at $50.80

Natural gas down 0.02 at $3.06

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CLOSING OIL STOCKS

Anadarko (APC) down 0.40 at 59.94

Apache (APA) down 0.52 at 49.72

Chevron (CVX) down 1.71 at 106.28

ConocoPhillips (COP) up 0.19 at 44.29

Devon (DVN) up 0.08 at 38.88

Energy Transfer Partners (ETP) down 0.32 at 35.51

EOG Resources (EOG) down 1.48 at 93.38

ExxonMobil (XOM) up 0.15 at 81.40

Halcon (HK) up 0.08 at 7.00

Marathon Oil Corp. (MRO) up 0.14 at 14.75

Noble Energy (NBL) up 0.03 at 32.85

Occidental Petroleum (OXY) up 0.01 at 62.87

Parsley Energy (PE) up 0.19 at 30.66

Phillips 66 (PSX) down 0.02 at 77.25

Pioneer Natural Resources (PXD) down 0.51 at 180.40

Valero (VLO) up 0.45 at 66.23

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.10 at 67.69

CenterPoint (CNP) down 0.18 at 27.69

Entergy (ETR) down 0.33 to close at 76.48

Exelon Generation (EXC) down 0.28 at 35.84

Next Era Energy (NEE) down 1.70 at 131.10

NRG (NRG) up 0.02 at 18.18

By Mike Shiloh

March 24, 2017

Smitherman in "Limbo"

After V&E, now what?

Former Texas Railroad Commissioner Barry Smitherman is in between jobs, and it turns out some of the rumors about his next job may be true.

First there was speculation about why he quit his job at the Vinson & Elkins law firm in January, then there were rumors that he was up for the job as chairman of the Federal Energy Regulatory Commission.

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By Mike Shiloh

March 24, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 24, 2017

WTI up 0.27 to close at $47.97

Brent up 0.24 to close at $50.80

Natural gas up 0.03 at $3.08

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CLOSING OIL STOCKS

Anadarko (APC) down 0.45 at 60.34

Apache (APA) up 0.15 at 50.24

Chevron (CVX) up 0.12 at 107.99

ConocoPhillips (COP) down 0.38 at 44.10

Devon (DVN) down 0.29 at 38.80

Energy Transfer Partners (ETP) up 0.45 at 35.83

EOG Resources (EOG) up 0.05 at 94.86

ExxonMobil (XOM) down 0.63 at 81.23

Halcon (HK) up 0.47 at 6.92

Marathon Oil Corp. (MRO) down 0.07 at 14.61

Noble Energy (NBL) down 0.15 at 32.82

Occidental Petroleum (OXY) down 0.21 at 62.83

Parsley Energy (PE) up 0.29 at 30.47

Phillips 66 (PSX) down 1.21 at 77.27

Pioneer Natural Resources (PXD) down 0.64 at 180.91

Valero (VLO) down 1.32 at 65.78

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.34 at 67.79

CenterPoint (CNP) up 0.12 at 27.87

Entergy (ETR) up 0.18 to close at 76.81

Exelon Generation (EXC) up 0.16 at 36.12

Next Era Energy (NEE) up 0.71 at 132.80

NRG (NRG) up 0.02 at 18.16

By Mike Shiloh

March 24, 2017

Oil Rigs Up 21, Continuing Market Pressure: Baker Hughes

The short term future of US oil markets looks a little more uncertain with today's reported increase of 21 oil rigs over the past week.

The Baker Hughes figures released Friday, considered an indicator of industry activity, brings the oil rig count to 652, far less than the 2014 peak, but enough to put pressure on oil markets because of its blunting effect on OPEC's oil output reduction.

Platt's indicates the concern over US shale's increasing output versus OPEC cutbacks is continuing to drag on oil prices, although Friday's WTI and Brent prices, though volatile, were up approaching 1%.

Natural gas rig numbers continue to fall, down by two for a total of 155 over the past week.

Texas gained 8 rigs this past week, seven of them in the Permian Basin, Baker Hughes noted, with the Eagle Ford up two rigs and Barnett up one.

By Mike Shiloh

March 24, 2017

Business Is Good at Halliburton, 2,000 Jobs to be Added

Company adding in costs now to expand for the long term, CEO says

Increasing activity in the oil patch means business is good at Halliburton, the oil services giant, and the CEO announced in a conference call this morning that the company plans to take on 2,000 new employees over the next few weeks.

The company currently employs more than 50,000.

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By Mike Shiloh

March 24, 2017

DMN: Oncor Targets Solar Panel Homeowners

PUC commitment to proposed fee unlikely

Texas' largest regulated utility wants to slap a fee on homeowners who use solar panels, wind turbines and solar panels, the Dallas Morning News reports, and the next step is getting an okay from the Public Utility Commission.

Oncor Electric Delivery Company's request for the additional fees is part of a nationwide trend as homeowners increasingly add panels as the costs continue to drop (the number of residential solar applications nearly doubled in Texas last year), but utility regulators are continually refusing to accept such fees, the Texas PUC included.

DMN's Mitchell Schnurman points out that the PUC refused El Paso Electric's similar fee last year, and the fee would discourage investment in renewable energy sources. so getting the PUC to okay Oncor's fee reguest appears unlikely.

By Mike Shiloh

March 23, 2017

Group Calls RRC Claims of Contributions Self-policing Misleading

A Sierra Club-affiliated group is accusing Railroad Commission of Texas members of cozying up to the industry its charged with regulating to such an extent that 60% of political contributions to commissioners the group looked at came from oil and gas companies.

The Texans for Public Justice report issued Thursday, titled "Conflicted," looks at eight situations the group calls "high impact and high profile," reaching the conclusion that claims by RRC commissioners that they self-police political contributions are misleading.

The report comes just days before the RRC's Sunset review is being taken up by the Texas House of Representatives.

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By Mike Shiloh

March 23, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 23, 2017

WTI up 0.01 to close at $47.71

Brent down 0.08 to close at $50.56

Natural gas up 0.03 at $3.05

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CLOSING OIL STOCKS

Anadarko (APC) down 0.84 at 60.79

Apache (APA) down 0.45 at 50.09

Chevron (CVX) down 0.52 at 107.87

ConocoPhillips (COP) down 0.17 at 44.48

Devon (DVN) down 0.25 at 39.09

Energy Transfer Partners (ETP) up 0.31 at 35.38

EOG Resources (EOG) up 0.16 at 94.81

ExxonMobil (XOM) up 0.10 at 81.86

Halcon (HK) down 0.19 at 6.45

Marathon Oil Corp. (MRO) down 0.34 at 14.68

Noble Energy (NBL) down 0.54 at 32.97

Occidental Petroleum (OXY) down 0.47 at 63.04

Parsley Energy (PE) down 0.25 at 30.18

Phillips 66 (PSX) down 0.35 at 78.48

Pioneer Natural Resources (PXD) down 0.78 at 181.55

Valero (VLO) down 0.47 at 67.10

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.01 at 67.45

CenterPoint (CNP) down 0.13 at 27.75

Entergy (ETR) up 0.11 to close at 76.63

Exelon Generation (EXC) down 0.34 at 35.96

Next Era Energy (NEE) down 0.32 at 132.09

NRG (NRG) up 0.13 at 18.14

By Mike Shiloh

March 22, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 22, 2017

WTI down 0.08 to close at $47.26

Brent down 0.24 to close at $51.38

Natural gas up 0.07 at $3.02

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CLOSING OIL STOCKS

Anadarko (APC) down 0.19 at 61.63

Apache (APA) up 0.24 at 50.54

Chevron (CVX) up 0.35 at 108.39

ConocoPhillips (COP) down 0.53 at 44.65

Devon (DVN) down 0.46 at 39.34

Energy Transfer Partners (ETP) up 0.64 at 35.07

EOG Resources (EOG) up 0.12 at 94.65

ExxonMobil (XOM) down 0.06 at 81.76

Halcon (HK) down 0.12 at 6.64

Marathon Oil Corp. (MRO) down 0.03 at 15.02

Noble Energy (NBL) up 0.18 at 33.51

Occidental Petroleum (OXY) up 0.15 at 63.51

Parsley Energy (PE) down 0.31 at 30.43

Phillips 66 (PSX) up 0.23 at 78.83

Pioneer Natural Resources (PXD) up 0.03 at 182.33

Valero (VLO) up 0.42 at 67.57

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.46 at 67.44

CenterPoint (CNP) up 0.30 at 27.88

Entergy (ETR) up 0.76 to close at 76.52

Exelon Generation (EXC) up 0.34 at 36.30

Next Era Energy (NEE) up 0.56 at 132.41

NRG (NRG) down 0.23 at 18.01

By Mike Shiloh

March 22, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 22, 2017

WTI down 0.08 to close at $47.26

Brent down 0.24 to close at $51.38

Natural gas up 0.07 at $3.02

---------------

CLOSING OIL STOCKS

Anadarko (APC) down 0.19 at 61.63

Apache (APA) up 0.24 at 50.54

Chevron (CVX) up 0.35 at 108.39

ConocoPhillips (COP) down 0.53 at 44.65

Devon (DVN) down 0.46 at 39.34

Energy Transfer Partners (ETP) up 0.64 at 35.07

EOG Resources (EOG) up 0.12 at 94.65

ExxonMobil (XOM) down 0.06 at 81.76

Halcon (HK) down 0.12 at 6.64

Marathon Oil Corp. (MRO) down 0.03 at 15.02

Noble Energy (NBL) up 0.18 at 33.51

Occidental Petroleum (OXY) up 0.15 at 63.51

Parsley Energy (PE) down 0.31 at 30.43

Phillips 66 (PSX) up 0.23 at 78.83

Pioneer Natural Resources (PXD) up 0.03 at 182.33

Valero (VLO) up 0.42 at 67.57

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.46 at 67.44

CenterPoint (CNP) up 0.30 at 27.88

Entergy (ETR) up 0.76 to close at 76.52

Exelon Generation (EXC) up 0.34 at 36.30

Next Era Energy (NEE) up 0.56 at 132.41

NRG (NRG) down 0.23 at 18.01

By Mike Shiloh

March 22, 2017

EIA: Crude Supply Up Much More Than Expected

As it has for ten out of the past eleven weeks, US crude oil stockpiles were up for the week ending March 17th, according to the US Energy Information Administration.

Wednesday's reported rise of five million barrels is in line with the American Petroleum Institute's estimated increase Tuesday of 4.5 million barrels.

The figures were disappointing because S&P Global Platts' forecast rise was just two million barrels.

The EIA reported supplies of gasoline, however, were down 2.8 million barrels, with distillate supplies down by nearly 2 million.

By Mike Shiloh

March 21, 2017

Hold On -- Georgetown Is Going Renewable, Yes, But Not Just Yet

City doesn't officially turn to Panhandle wind power until April and no, this is not Las Vegas

Yes, the city of Georgetown is going all-renewable electricity generation, but no, it's not there yet.

News stories this year and last, hailing the city north of Austin for having gone 100% alternative energy were just a little premature...

...and news stories last year about the city of Las Vegas, Nevada "going all alternative energy" turned out to be largely misleading, conjuring a mental picture of all those bright lights on The Strip powered by the sun!

True, Vegas city service offices are now being powered by solar energy, but businesses and even state and federal services are still powered by old-school coal-fired electricity in combination with other sources.

And besides, The Strip isn't even in the city of Las Vegas.

Nevada's NV Energy, which services "sin city," is just now ready to decommission its final coal plant.

But here in Texas, Georgetown, by virtue of ownership of its own electricity provider, will be going renewable in April and that's the entire city, businesses and all, ya'll.

Georgetown Utility Systems is a monopoly, which has made the renewable switch easier, allowing the city soon to become the first all-renewable system in Texas.

The city's former gas-power provider contracts will expire just in time for the city's Red Poppy Festival next month when contracts for electricity generation from the Spinning Spurs wind farm in the Texas Panhandle will officially kick in, according to Georgetown's Manager of Resource Planning and Development Christopher Foster.

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By Mike Shiloh

March 21, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 21, 2017

WTI down 0.88 to close at $47.34

Brent down 0.68 to close at $51.62

Natural gas up 0.05 at $3.09

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CLOSING OIL STOCKS

Anadarko (APC) down 1.02 at 61.82

Apache (APA) down 0.63 at 50.30

Chevron (CVX) up 0.38 at 108.04

ConocoPhillips (COP) down 0.68 at 45.18

Devon (DVN) down 0.74 at 39.80

Energy Transfer Partners (ETP) down 0.75 at 34.43

EOG Resources (EOG) down 1.69 at 94.53

ExxonMobil (XOM) down 0.17 at 81.83

Halcon (HK) down 0.49 at 6.76

Marathon Oil Corp. (MRO) down 0.43 at 15.05

Noble Energy (NBL) down 0.59 at 33.33

Occidental Petroleum (OXY) down 0.30 at 63.36

Parsley Energy (PE) down 0.87 at 30.74

Phillips 66 (PSX) down 0.81 at 78.60

Pioneer Natural Resources (PXD) down 1.69 at 182.30

Valero (VLO) down 1.38 at 67.15

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.85 at 66.98

CenterPoint (CNP) up 0.13 at 27.58

Entergy (ETR) up 0.56 to close at 75.76

Exelon Generation (EXC) up 0.39 at 35.96

Next Era Energy (NEE) up 1.96 at 131.85

NRG (NRG) down 0.09 at 18.24

By Mike Shiloh

March 20, 2017

E&E: Former Perry Aides Now Going DC

The man who managed former Texas Governor Rick Perry's 2016 campaign for president is hanging up a political consulting shingle in Washington DC, according to one website.

Jeff Miller is opening a lobbying/consulting firm along K Street and is signing up energy-related clients, E&E News reports, citing anonymous sources.

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By Mike Shiloh

March 20, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 20, 2017

WTI down 0.05 to close at $48.17

Brent up 0.14 to close at $51.62

Natural gas up 0.04 at $3.08

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CLOSING OIL STOCKS

Anadarko (APC) down 0.41 at 62.84

Apache (APA) down 0.29 at 50.93

Chevron (CVX) down 0.02 at 107.66

ConocoPhillips (COP) up 0.17 at 45.86

Devon (DVN) unchanged at 40.54

Energy Transfer Partners (ETP) down 0.43 at 35.18

EOG Resources (EOG) down 0.21 at 96.22

ExxonMobil (XOM) unchanged at 82.00

Halcon (HK) down 0.45 at 7.25

Marathon Oil Corp. (MRO) up 0.02 at 15.48

Noble Energy (NBL) up 0.06 at 33.92

Occidental Petroleum (OXY) down 0.43 at 63.66

Parsley Energy (PE) down 0.15 at 31.61

Phillips 66 (PSX) down 0.53 at 79.41

Pioneer Natural Resources (PXD) down 0.80 at 183.99

Valero (VLO) down 0.37 at 68.53

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.34 at 66.13

CenterPoint (CNP) down 0.23 at 27.45

Entergy (ETR) down 0.21 to close at 75.20

Exelon Generation (EXC) down 0.44 at 36.01

Next Era Energy (NEE) down 0.34 at 129.89

NRG (NRG) up 0.27 at 18.33

By Mike Shiloh

March 17, 2017

US Rig Count Up By 21: Baker Hughes

The number of active US oil rigs was up for the ninth straight week by 14 during the past week, according to Baker Hughes, for a total of 631.  There were seven more gas rigs added to make 157, for a total of 789 oil and gas rigs working overall.

Add in one "miscellaneous" rig and the total increase for the week is an unusually large 21.

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By Mike Shiloh

March 17, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 17, 2017

WTI down 0.03 to close at $48.72

Brent up 0.03 to close at $51.77

Natural gas up 0.06 at $2.96

 

CLOSING OIL STOCKS

Anadarko (APC) down 0.15 at 63.25

Apache (APA) up 0.14 at 51.22

Chevron (CVX) down 0.18 at 107.68

ConocoPhillips (COP) down 0.15 at 45.69

Devon (DVN) down 0.18 at 40.54

Energy Transfer Partners (ETP) down 0.49 at 35.61

EOG Resources (EOG) up 0.60 at 96.43

ExxonMobil (XOM) down 0.07 at 82.00

Halcon (HK) up 0.05 at 7.70

Marathon Oil Corp. (MRO) down 0.09 at 15.46

Noble Energy (NBL) down 0.05 at 33.86

Occidental Petroleum (OXY) up 0.27 at 64.09

Parsley Energy (PE) up 0.60 at 31.76

Phillips 66 (PSX) up 0.25 at 79.94

Pioneer Natural Resources (PXD) up 1.43 at 184.79

Valero (VLO) up 0.35 at 68.90

 

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.46 at 66.47

CenterPoint (CNP) up 0.09 at 27.68

Entergy (ETR) up 0.46 to close at 74.95

Exelon Generation (EXC) up 0.03 at 36.01

Next Era Energy (NEE) up 0.33 at 130.23

NRG (NRG) up 0.17 at 18.06

By Mike Shiloh

March 16, 2017

Zerwas Proposes Extra Funding That Would Benefit RRC

Proposal to withdraw nearly $2.5 billion from Rainy Day Fund would allow Railroad Commission $45 million for well plugging

While the Railroad Commission of Texas looks to be in deep budget trouble with increasing expectations for regulating the oil and gas industries, a ray of hope appeared Thursday with the introduction of a last-minute measure to increase funding for state agencies.

House Appropriations Committee Chairman John Zerwas has come up with a revised House Bill 2 which had previously called for pulling $1.4 billion dollars from the Rainy Day fund to pay for upgrades to mental hospitals and the state school for the deaf, but Thursday the Richmond Republican added a call for another $1 billion.

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By Mike Shiloh

March 16, 2017

Pioneer In $266 Million Midland Acreage Sale

Pioneer Natural Resources isn't naming the buyer in its latest land sale, which the company says is worth $266 million.

The land yields about 1,500 barrels of oil equivalent each day in northeastern Martin County.

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By Mike Shiloh

March 16, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 16, 2017

WTI down 0.11 to close at $48.75

Brent down 0.09 to close at $51.72

Natural gas down 0.08 at $2.90

 

CLOSING OIL STOCKS

Anadarko (APC) down 0.68 at 63.40

Apache (APA) up 0.01 at 51.08

Chevron (CVX) down 1.02 at 107.86

ConocoPhillips (COP) unchanged at 45.84

Devon (DVN) down 0.40 at 40.72

Energy Transfer Partners (ETP) unchanged at 36.10

EOG Resources (EOG) down 1.23 at 95.83

ExxonMobil (XOM) up 0.07 at 82.07

Halcon (HK) up 0.20 at 7.65

Marathon Oil Corp. (MRO) down 0.01 at 15.55

Noble Energy (NBL) down 0.50 at 33.91

Occidental Petroleum (OXY) down 1.24 at 63.82

Parsley Energy (PE) down 0.21 at 31.16

Phillips 66 (PSX) down 0.46 at 79.69

Pioneer Natural Resources (PXD) down 0.78 at 183.36

Valero (VLO) down 0.18 at 68.55

 

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.67 at 66.01

CenterPoint (CNP) down 0.50 at 27.59

Entergy (ETR) down 0.23 to close at 74.95

Exelon Generation (EXC) down 0.30 at 35.98

Next Era Energy (NEE) down 2.00 at 129.90

NRG (NRG) up 0.43 at 17.89

By Mike Shiloh

March 15, 2017

New Bill Requires Hearings for Wells Nears Schools, Childcare Centers

RRC would be charged with county-level citizen meetings and consideration before permit deliberations

A Texas state senator says she's seeking to protect children with a bill she introduced last week requiring public hearings before oil and gas wells can be drilled near schools or daycare centers.

Senator Judith Zafferini's SB 1868 calls for the Railroad Commission of Texas to hold hearings in counties where operators file for permits to drill wells within 1,500 feet of facilities that care for children as defined by the Human Resources Code.

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By Mike Shiloh

March 15, 2017

Unexpected Oil Stockpile Declines Fuel Energy Stocks

The stockpile of US crude fell by 237,000 barrels last week according to Wednesday's report from the Energy Information Administration.

This, after The American Petroleum Institute on Tuesday reported a decrease of 531,000 barrels.

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By Mike Shiloh

March 15, 2017

Chronicle: Enterprise buys up bankrupt Azure Midstream assets

Houston’s Enterprise Products Partners said it won an auction to buy the natural gas pipeline assets of the bankrupt Azure Midstream with a bid of $189 million, the Houston Chronicle reports

The auction win gives Enterprise an expanded presence in East Texas and northern Louisiana with 960 miles of natural gas gathering pipelines, three processing facilities, and two natural gas liquids pipelines that can each ship 10,000 barrels daily.

By Mike Shiloh

March 15, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 15, 2017

WTI up 0.25 to close at $49.11

Brent up 0.89 to close at $51.81

Natural gas up 0.01 at $2.97

 

CLOSING OIL STOCKS

Anadarko (APC) up 2.27 at 64.08

Apache (APA) up 0.74 at 51.07

Chevron (CVX) up 1.52 at 108.88

ConocoPhillips (COP) up 0.90 at 45.84

Devon (DVN) up 1.10 at 41.12

Energy Transfer Partners (ETP) up 0.29 at 36.10

EOG Resources (EOG) up 2.47 at 97.06

ExxonMobil (XOM) up 1.01 at 82.00

Halcon (HK) up 0.36 at 7.45

Marathon Oil Corp. (MRO) up 0.24 at 15.56

Noble Energy (NBL) up 0.72 at 34.41

Occidental Petroleum (OXY) up 2.20 at 65.06

Parsley Energy (PE) up 1.13 at 31.37

Phillips 66 (PSX) up 1.64 at 80.15

Pioneer Natural Resources (PXD) up 4.83 at 184.14

Valero (VLO) up 1.29 at 68.73

 

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.02 at 66.68

CenterPoint (CNP) up 0.59 at 28.09

Entergy (ETR) up 1.32 to close at 75.18

Exelon Generation (EXC) up 0.64 at 36.28

Next Era Energy (NEE) up 1.33 at 131.90

NRG (NRG) up 0.45 at 17.46

By Mike Shiloh

March 14, 2017

Texas Energy Report Closing Top Texas Energy Stocks Mar. 14, 2017 Delayed by technical difficulties

WTI up 0.71 to close at $48.43

Brent down 0.43 to close at $50.92

Natural gas up 0.01 at $3.02

 

CLOSING OIL STOCKS

Anadarko (APC) down 1.01 at 61.81

Apache (APA) up 0.17 at 50.33

Chevron (CVX) down 1.99 at 107.36

ConocoPhillips (COP) down 0.90 at 44.94

Devon (DVN) up 0.33 at 40.35

Energy Transfer Partners (ETP) down 0.59 at 35.81

EOG Resources (EOG) down 0.36 at 94.59

ExxonMobil (XOM) down 0.43 at 80.99

Halcon (HK) down 0.30 at 7.09

Marathon Oil Corp. (MRO) down 0.52 at 15.32

Noble Energy (NBL) down 0.36 at 33.69

Occidental Petroleum (OXY) up 0.16 at 63.04

Parsley Energy (PE) down 0.29 at 30.24

Phillips 66 (PSX) down 0.50 at 78.51

Pioneer Natural Resources (PXD) down 5.10 at 179.31

Valero (VLO) down 0.22 at 67.44

 

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.02 at 65.79

CenterPoint (CNP) down 0.11 at 27.50

Entergy (ETR) down 0.22 to close at 73.86

Exelon Generation (EXC) down 0.30 at 35.64

Next Era Energy (NEE) up 0.11 at 130.57

NRG (NRG) down 0.32 at 17.01

By Mike Shiloh

March 14, 2017

Worth Noting: Some Energy Companies Benefit From Tax Loopholes, Subsidies

Source: @iteptweets, @joshdigga; Further reading

By Mike Shiloh