• 15 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 17 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 19 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 20 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 22 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 23 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 7 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 7 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 7 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 7 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 8 days Kurdish Independence Could Spark Civil War
  • 8 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 8 days The Capital Of Coal Is Looking For Other Options
Alt Text

Scotland To Permanently Ban Fracking

The Scottish government said on…

Alt Text

Nigeria’s "Zero Oil Plan"

Following the Gulf Cooperation Council’s…

Alt Text

Saudi Compliance To OPEC Deal Comes At A Price

Saudi Arabia appears intent on…

Texas Floods Affect Some Oil Wells, Refineries Mostly Unaffected

Texas Floods Affect Some Oil Wells, Refineries Mostly Unaffected

More than a dozen people were killed as massive rain storms hit Texas, flooding large swathes of land across much of the state.

The storms first hit central Texas and Oklahoma, but moved on to Houston by mid-week. At least 15 people died. The NBA’s Houston Rockets played a playoff basketball game on May 25 and fans were asked to stay in the arena after the conclusion of the game because the storms were so severe. Some fans even spent the night in the arena. Related: Oil Industry Can No Longer Ignore Climate Action

The floods also impacted the state’s oil and gas operations. Bloomberg reported that Devon Energy shut down some of its oil wells due to the floods. And Kinder Morgan also closed some of its operations – a fuel loading facility in Pasadena, Texas had to be temporarily shut down. The effects will be short-lived, however.

The Texas coast in and around Houston is home to some of the nation’s largest refineries. Despite horrendous rain and flooding, Texas’ refineries appear to be unaffected. Refiners are continuing to churn out new product despite the conditions.

The governor has declared a state of emergency and the federal government said it is ready to help. Related: Why Tesla’s Battery’s Won’t Work For Rooftop Solar

Texas is no stranger to natural disasters affecting its energy industry. In 2008 Hurricane Ike crashed into the Gulf Coast, knocking about 700,000 barrels per day of oil production offline in the Gulf. It also forced several refineries to close their doors, dropping gasoline production by around 300,000 barrels per day.

Hurricane Rita in September 2005 struck the Gulf Coast as well, only a month after Hurricane Katrina, forcing many oil platforms offshore to close down. More than 34 million barrels of oil were not produced because of the two hurricanes, equivalent to about 6 percent of a year’s worth of production. Related: Oil Markets Can’t Ignore The Fundamentals Forever

The latest floods are nowhere near that level of destruction, but they are a reminder that the backbone of US energy infrastructure is located in Texas, Oklahoma, and Louisiana, three states that routinely experience natural disasters. After Hurricane Katrina and Rita, gasoline prices spiked because of the outage.

The current glut of supply means that a much larger natural disaster will be needed to move the needle on prices, however.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News