Archive for the ‘A’ Category

Railroad Commissioners Ask Texas Attorney General to Challenge EPA Cross-State Air Pollution Rule

AUSTIN ––Texas Railroad Commissioners voted this week to send a letter to Texas Attorney General Greg Abbott asking him to take action on behalf of the Railroad Commission—which regulates the surface mining of lignite coal—to challenge the U.S. Environmental Protection Agency’s Cross-State Air Pollution Rule.

EPA’s Cross-State Air Pollution Rule requires 27 states, including Texas, to significantly reduce power plant emissions that cross state lines and contribute to ozone and fine particulate pollution in other states beginning January 2010. The rule threatens the viability of the Texas lignite mining industry, including its jobs and associated economic activity. Additionally, the potential loss of lignite to fuel Texas power plants significantly threatens electric reliability in Texas, as the Electric Reliability Council (ERCOT) has stated that Texas could face a power generation shortage, if this rule is implemented.

“Yet again, another EPA rule targets Texas by putting jobs and energy reliability directly in the crosshairs because of radical environmental policies driven by unelected federal bureaucrats,” Chairman Elizabeth Ames Jones said. “As the country’s fifth largest coal producing state and the top job creating state, Americans rely on Texas energy and Texas jobs to fuel our economic recovery. Don’t mess with Texas.”

Commissioner David Porter said, “This rule leaves many coal-fired power plants with no other alternative than to greatly reduce output or shut down completely, killing jobs and increasing the probability of rolling blackouts during peak demand. We have experienced record heat this summer, and if you think it’s hot this summer, wait until next summer when we don’t have these electric plants online.”

Commissioner Barry Smitherman said, “This rule is just another attempt by overzealous Obama appointees to stifle economic growth in Texas. The EPA effectively shut Texas out of negotiations on this rule, and demonstrated that they have no interest in scientific evidence or facts. If this ill-considered rule is allowed to stand, it will damage the reliability of our electric grid, and thereby harm the citizens the EPA claims to be protecting.”

The Commission believes that EPA’s rulemaking process was legally flawed. The rule is not supported by credible and accurate technical data, and the rule will have adverse economic consequences for Texas without demonstrable environmental and health benefits.

The Commissioners’ letter to Attorney General Abbott can be found at the following link:


ArkLaTex Acquisitions

Comments Off
August 17, 2011

Traton Oil & Gas is currently evaluation ArkLaTex production divestments ranging from $0.5mm to $10mm with the intent to close on a lease(s) within the next few months. Traton welcomes any party to Contact Us with production assets fitting that criteria.

Traton is an Oil & Gas Engineering, Operating, and Investment firm that provides engineering consulting, contract operating, and investment opportunities. For more information, click here.

Oil & Gas “Tax Breaks” Explained

Comments Off
July 28, 2011

In today’s atmosphere, where big government is attempting to veil its budgetary failures with finger pointing and, at best, misleading inaccuracies, a review of the actual oil and gas “tax breaks” under attack is needed.

From what one can decipher from the obscure rhetoric, most of the “end tax breaks for big oil” mantra is directed at intangible drilling costs (IDC). The word used here, intangible, is a misnomer. The actual expenses incurred by oil companies when drilling a well, such as surveying, ground clearing, fuel, supplies, transportation, labor, etc., is quite tangible. These are the same sort of expenses written off by businesses in every US industry. Removing the ability to reduce revenue by expense is absurd.

Astounding as it is, party politics have driven Washington magnates to mislead public opinion at the expense of the oil industry. The ultimate effect will be higher gas prices and less disposable income for ordinary citizens. When Washington gets bigger and richer, the US taxpayer loses – every time.

While White House rhetoric with regard to oil and gas “tax breaks” has been loud, although unfounded, the oil industry’s support of the American economy has been louder and clear.

The oil and gas industry supplies 9.2 million jobs to Americans, is one of the highest tax contributors, and adds more than $1 trillion to the US economy.

USGS Finds Significant Oil

Comments Off
August 18, 2009

Energy Resources
USGS finds significant oil, gas in Alaska

RESTON, Va., June 29 (UPI) — The Cook Inlet region of Alaska contains significant amounts of oil and natural gas that haven’t been technically discovered yet, the USGS said.

In 1995 the U.S. Geological Survey found the Cook Inlet contained roughly 2.14 trillion cubic feet of natural gas.

In its latest estimate of undiscovered, technically recoverable resources, the USGS found the region holds on average 19 tcf of natural gas, around 600 million barrels of oil and 46 million barrels of natural gas liquids.

“For the first time, USGS has evaluated unconventional (or continuous) as well as conventional petroleum resources in the Cook Inlet region of Alaska,” Brenda Pierce, USGS energy resources program coordinator, said in a statement.

Oil and natural gas production in the region began in 1958. Since then, more than 1.3 billion barrels of oil and 7.8 tcf of natural gas have been produced. This, the USGS says, shows there are plenty of natural resources remaining in the region.

“The USGS conducts assessments to evaluate the nation’s petroleum potential, especially as new data and information become available in order to understand the resource endowment of the nation,” added Pierce.

Read More