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Larry Shapiro
Project cancellations highlight larger stressors in the oil and gas industry
If you are a pipeline developer, landmark court victories just aren’t what they used to be. Dominion Energy and Duke Energy announced on Sunday that they are canceling their proposed Atlantic Coast Pipeline just 20 days after they won a 7-2 decision in the U.S. Supreme Court authorizing them to build the pipeline underneath the Appalachian Trail. […]
Tom Sanzillo
Flaring wastes resources and money, causes environmental damage, and has not improved profits for an industry in decline
In the aftermath of the oil price collapse of the 1980s, the same bumper sticker could be seen all across Texas: “Please, God, give us one more boom. We promise not to piss this one away.” In the current price collapse and anticipation of a boomlet, prayer has been abandoned and the industry is burning […]
Press Release, Tom Sanzillo, Seth Feaster and Suzanne Mattei
Railroad Commission’s failure to curb flaring wastes oil and gas resources and sends revenue to oil and gas producers up in smoke
June 11, 2020 (IEEFA U.S.) — Texas oil producers burned a record $749.9 million by flaring or venting unneeded natural gas into the air, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Texas Railroad Commission, the chief industry regulator in the state, passed up the opportunity […]
IEEFA report: Texas oil producers burned through $749.9 million flaring gas in 2018
Railroad Commission’s failure to curb flaring wastes oil and gas resources and sends revenue to oil and gas producers up in smokeJune 11, 2020 (IEEFA U.S.) — Texas oil producers burned a record $749.9 million by flaring or venting unneeded natural gas into the air, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Texas Railroad Commission, the chief industry regulator in the state, passed up the opportunity […]