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Count It a Successful Session

Permian Basin Oil and Gas Magazine

Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. Senate Bill 494 aims to combat the theft of petroleum products in Texas by creating a dedicated task force within the Railroad Commission of Texas.

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Valor | Energy Connection – Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 Total petroleum inventories increased by 0.2 GW capacity. Refinery inputs averaged 15.4

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Texas Supreme Court Again Addresses Royalty Class Actions

The Energy Law

Phillips Petroleum Co. , The Court also addressed the nature of the implied duties in oil and gas leases, whether the ambiguity of the underlying agreement precludes class treatment, and the extent to which class representatives may abandon individualized claims in order to preserve class treatment for common claims. In Bowden v.

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Eighty-Ninth Texas Legislature: One Month Countdown

Permian Basin Oil and Gas Magazine

Industry-Related Issues From the start of the 140-day session, the overall goal of the Permian Basin Petroleum Association (PBPA) has been to support legislation that promotes the safe and responsible development of the natural resources found in the Permian Basin, said PBPA Executive Vice President Stephen Robertson.

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Legislative Update: New Mexico Legislature Adjourns; Texas Set to Pick Up the Pace

Permian Basin Oil and Gas Magazine

House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. Repurposed wells will not be classified as inactive or abandoned unless they cease operations for 12 consecutive months.

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Does the Market Need OPEC/OPEC+?

Energy Outlook Advisors

After the embargo, the International Energy Agency (IEA) was established, followed by the US Department of Energy and its statistical arm, the Energy Information Administration (EIA), and the Strategic Petroleum Reserve (SPR). Strangely enough, the US abandoned the costly price controls, and liberalized energy markets in the early 1980s.

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US oil producers face new challenges as top oilfield flags

Oil & Gas 360º

to become the worlds top oil producer, stealing market share from the Organization of the Petroleum Exporting Countries (OPEC) and other top producers. The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S.

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