.January 14, 2025

TXOGA: Texas oil and natural gas paid a record $27.3B in taxes and royalties in 2024

In 2024, the industry employed more than 492,000 Texans who earned an average of $128,255 a year – 76% more than the average paid by the rest of Texas’ private sector.

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EPIC announces the sale of EPIC Olefins

EPIC Midstream Holdings, LP has completed the sale of EPIC Olefins to Howard Energy Partners. Read More

Texas Ports Association releases new economic impact study

Texas ports contribute more than $713.9 billion in economic activity for the state accounting for 28% of Texas’ gross domestic product, further advancing the ports as catalysts for state economic growth and job generation. Read More

Chevron bolsters U.S. Gulf of Mexico production with Whale facility startup

The milestone is Chevron’s latest following a year when it achieved first production from its industry-first high-pressure Anchor project and commenced water injection operations at two projects to boost production at the company’s Jack/St. Malo and Tahiti facilities in the Gulf. Read More

Kinder Morgan acquires gas gathering and processing system from Outrigger Energy II

The acquisition includes a 270 MMcf/d processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. Read More

Constellation to acquire Calpine for $16B

The agreement creates the nation’s largest clean energy provider, opening opportunities to serve more customers coast-to-coast with a broader array of energy and sustainability products. Read More

VIDEO: Shaft alignment tool

Maximize the performance of your rotating equipment with XT770. Align to ANSI tolerances, measure misalignment of horizontal and vertical machines including soft foot, track thermal growth and pipe strain, and document the results. Watch Video

Valuable Resources

• BIC Podcast: BIC Weekly Industry Report

• BIC Webinar: Preventing rotating equipment foundation failures
• BIC Video: API RP compliance and hazard analysis with Blast Resource Group
  
• Featured Content: More power: ALL Crane sets two generators that double Minnesota dam’s capacity for electricity

Upcoming Industry Events

• World of Concrete 2025 - January 20-23 - Las Vegas, NV

• North American Refining Technology Conference 2025 - January 21-22 - Houston, TX

• The 37th International Pipeline Pigging & Integrity Management Conference - January 27-30 - Houston, TX

• 2025 Annual Conference and CTI Expo - February 2-6 - Memphis, TN

Top Jobs of the Week

• President - Houston, TX
• Operations Manager - Beaumont, TX
• Instrumentation Technician - Friendswood, TX
• Estimating Manager - Beaumont, TX

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