Texas Alliance of Energy Producers

The deadline to receive your hotel discount for the Alliance Annual Conference is this Thursday, Sept. 12th! Book your room today! Karl Rove is our headliner! https://lnkd.in/gt9ajbzm Conference registration: https://lnkd.in/gk3muyQW #txenergy #oilandgas #oil #petroleum #energy #election #election2024 #economy #oilfield

Reminder: Today is the LAST DAY to book a room at The Crescent Hotel at our discounted rate. Come see Karl Rove and others speak! Enjoy the fellowship! Learn about issues and products. Our theme: Come and Take It Registration/hotel info (scroll down on the page): https://lnkd.in/gk3muyQW Exhibitor/sponsor slots are also available. #LNG #oil #petroleum #energy #economy #oilandgas #natgas #txenergy #naturalgas #txlege #permian #oilindustry

"Ms. Harris also claimed credit in the debate for 'the largest increase in domestic oil production in history.' She might as well take credit for the sunrise." via The Wall Street Journal Editorial Board https://lnkd.in/g9MpP_ER #oil #oilindustry #oilandgas #naturalgas #NatGas #energy #TxEnergy #permianbasin #oildrilling #oilproduction

In an NPR podcast, Alliance President Karr Ingham discusses how the lack of natural gas takeaway capacity in the Permian Basin impacts Texas oil producers. Interview starts at 7:51 mark. See box at top right that says "Resume Listening," depending upon your device/browser. Or read the transcript: https://lnkd.in/gAGAHKfG #petroleum #energy #economy #oilandgas #txenergy #naturalgas #txlege #permian #oilindustry #natgas #oil #LNG

Come and Take It! The deadline for reserving a room for the Alliance Annual Conference is end of day tomorrow, Thursday, September 12! This is the last chance to book a room in our hotel block at the conference rate! Registration/hotel info (scroll down on the page): https://lnkd.in/drryHBsq Exhibitor/sponsor slots are also available.

Thinking about those who perished and those who were forever impacted by the attacks in New York, Pennsylvania, and Washington, D.C. on 9/11/2001 - 23 years ago

Tonight's debate should be interesting from an energy standpoint (assuming the candidates are even asked about oil and gas): “The issue of a ban is really more of a symbolic statement. What we’re really asking is, ‘What is the Harris position on oil and gas?’” Kevin Book, Managing Director, ClearView Energy Partners, LLC https://lnkd.in/giCr7AGK #oil #fracing #fracking #Debatenight #oilandgas #txenergy #energy #drilling #debate2024 #debatenight #debate #LNG #petroleum #oilandgas #natgas #oilindustry

Very informative blog post via RBN Energy, LLC #LNG #natgas #naturalgas #energy #txenergy #oil #oilandgas

OPEC Drops 2024 Crude Oil Demand Forecast For 2nd Straight Month For the second consecutive month, OPEC slightly cut its forecast for 2024 global #crude oil demand in its September #Oil Market Report published Tuesday. The cartel had held firm to its initial 2024 forecast, first published in July 2023, until August, when it revised projections down from 2.25 million barrels of oil per day (bpd) to 2.11 million bpd. September’s revision drops the forecast to 2.03 million, still well above the competing forecasts published by the International Energy Agency (#IEA) and U.S. Energy Information Administration (#EIA). OPEC attributed its downward August revision to actual data for Q1 and Q2 of this year, as well as reports of slowing economic growth in #China. But the September report expresses no further concern related to China, saying, "Looking ahead, China's economic growth is expected to remain well supported." To support that proposition, the report adds expectations that stronger growth forecasts for India, Russia, and Brazil will more than offset any further slowing in China. Instead, OPEC attributes the September revision to other factors, saying, “headwinds in the real estate sector and the increasing penetration of LNG trucks and electric vehicles are likely to weigh on diesel and gasoline demand going forward." Despite that forward-looking statement related to demand penetration by LNG truck and EVs, OPEC foresees only a modest reduction in 2025 demand growth, revising its prior forecast of 1.78 million bpd to 1.74 million. “Non-OECD demand is set to drive next year’s growth, increasing by about 1.6 mb/d, led by contributions from China, the Middle East, Other Asia, and India,” the report says. “OECD demand is forecast to expand by about 0.1 mb/d, with OECD Americas contributing the most.” OPEC’s September report makes no changes to projected global supplies for either 2024 or 2025, estimating growth at 1.2 million bpd and 1.1 million bpd for those years, respectively. It cites the US, Brazil, Canada, and Norway as the areas likely to account for most of the growth. The Bottom Line This month’s report from OPEC comes after a month that has seen the international Brent price for crude fall by 15% as traders seem to be pricing in anticipations of a slowing economy, along with expectations that the larger #OPEC+ group will begin the process of unwinding some of its voluntary production and export cuts in the fourth quarter of the year. It remains to be seen if a continuing softening of global demand will influence OPEC+ to delay efforts to raise supply. https://lnkd.in/gnCcfbUN

"Karr Ingham, president of the Texas Alliance of Energy Producers, said his group raised concerns that provisions in the informal draft would be 'unworkable' and too costly for smaller independent oil and gas companies." https://lnkd.in/gx6e7u3t via The Texas Tribune #oil #oilandgas #energy #txenergy #petroleum #oilfield