President-elect Donald Trump said today that he intends to name Rick Perry, who served as Texas governor from 2000 to 2015, as his Secretary of Energy. “As the governor of Texas, Rick Perry created a business climate that produced millions of … [Read more...]
Eagle Ford Shale Heads to Mexico in $3.6 Billion Pipeline Deal
TransCanada and Spectra Energy are among producers who will receive $3.6 billion in contracts from Mexico’s state-owned Federal Electricity Commission to build 665 miles of pipelines to carry natural gas.TransCanada was the first private … [Read more...]
What the oil boom gave, the bust takes away
Wall Street flags fiscal health as concern There’s a visible reminder of the twists and turns of the oil business in South Texas — a new $22 million swim center just south of the Eagle Ford Shale oil patch that sits unopened.But things … [Read more...]
Coast beware, a potential bust is taking root in the south Texas oil patch
Will Port Aransas (south central Texas Coast) see it's record demand fall with the oil prices?It’s a time for condensing, consolidation, and frankly, survival of the fittest. Investors and developers on the Texas coast need to be more cautious as to … [Read more...]
Oil and Gas Pipelines Cross Texas-Mexico Border
Despite low oil prices, Mexico will move forward on pipeline initiatives that will impact the Eagle Ford in Texas. Jumping on the opportunities afforded by the new energy reform measures, the state power company (CFE) has initiated an aggressive … [Read more...]
Eagle Ford shale fueling growth of Texas Gulf Coast
Natural gas production has reached record levels in the United States thanks to the Eagle Ford and other shale plays. Although natural gas prices are trading near 10-year lows, producers are finding new markets and outlets for the clean-burning … [Read more...]
Construction booms across Port Aransas
Construction continues to steam along in Port Aransas. City records show development moving at a brisk rate. Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, … [Read more...]
Gulf Coast States No Longer need to Import Oil
Gulf Coast states have virtually eliminated imports of light crude oils from foreign countries due to booming U.S. oil production from hydraulically fractured wells over the country’s shale plays.Gulf Coast states like Texas and Louisiana used to … [Read more...]
Expansion in Natural Gas Spurs Big Plans for Corpus Christi
The U.S. shale revolution has spurred construction of many types—remote-site roads, natural-gas processing plants, pipelines, storage-tank farms and petrochemical projects, among them—but few, if any, projects are as challenging to develop, permit, … [Read more...]
Corpus Christi Sees Eagle Ford Shale Benefits
Corpus Christi is seeing explosive economic growth from Eagle Ford Shale.More than $3.8 billion in projects are under construction at the Port of Corpus Christi, with $12 billion more in the permitting phase.Projects include: A $10 billion … [Read more...]