Talee Redcorn

What is straining the Texas grid? The oil and gas industry is switching from its own products (hydrocarbons) to grid electricity (a lot of renewables). Why? Cheaper. "The Permian Basin alone is expected to see 24 gigawatts of added power demand, about half from electrification of oil and gas operations and half from data centers and cryptocurrency mines, ERCOT CEO Pablo Vegas told lawmakers." Using Texas power to produce oil and gas to export. Just like they are using up TX freshwater to produce oil for export. Transitioning off of fossil fuels will save a lot of water, power and fuel for shipping. https://lnkd.in/eBGcSkzJ

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Texas oil & gas producers are revolutionizing energy production. With over 99% utilization of all gas produced, record-breaking output and advanced water recycling, the Lone Star State is proving that a sustainable energy future isn't just a goal—it's a reality. 

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Permian Basin: US Oil & Gas Powerhouse That's Fueling the World! It isn't just big in Texas & New Mexico, it's a game changer for the US & beyond! This basin keeps America's energy flowing & supplies the world. Want to learn more about this fascinating region? Read the full article: https://lnkd.in/g3bqfVkq and discover the Permian Basin's history, resources, and its ongoing impact on the global energy landscape! #PermianBasin #Energy #OilAndGas #GlobalImpact #FueledByInnovation

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The Permian Basin continues to grow rapidly, reflecting the region’s importance as an economic powerhouse for Texas, New Mexico and the country. This year’s Economic Report from the Permian Strategic Partnership (PSP) highlights the region’s essential role in supporting critical government functions such as road improvements, public schools and teachers, police and fire departments, community hospitals and universities. The Permian Basin is the second lowest producer of CO2 emissions per barrel of oil equivalent among the major onshore producing basins worldwide. As a world leader in oil production, the Permian Basin is projected to produce around $350 billion in gross product and provide around 1,200,000 jobs for the nation’s economy by 2050. According to the Economic Impact report, the Permian also contributed: $18.2 billion in taxes collected across Texas and New Mexico associated with Permian Basin activity 853,924 jobs nationwide. $3.6 billion paid to Texas’ Permanent University Fund and the Permanent School Fund combined. 115% estimated growth in solar capacity for New Mexico in 2024, the highest in the country, with Texas ranking second at 76%. Investments in both wind and solar energy continue to grow in the Permian Basin. Read the full report here:

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What if the way we forecast the end of economic life is not representative? The majority of U.S. wells are already late in their economic life, so we may need to rethink the way we evaluate the reserves and economics for this stage of life.

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The history of oil & natural gas in Oklahoma dates back to the 1800s. Today, Oklahoma is the nation's fifth-largest producer of natural gas and sixth-largest producer of crude oil.

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How much have Texas oil and gas production taxes contributed to public education, the state highway fund, and the Rainy Day Fund over the past five years? It's BILLIONS. via Railroad Commission of Texas https://lnkd.in/gUMyectt #oilandgas #Crudeoil #energy #txenergy #taxes #Texas #oil

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In the latest Texas Energy Minute, hear from Ed Longanecker on how a commitment to environmental stewardship continues to set Texas apart within the oil and gas industry!

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