White House announces new methane emissions regulations on oil and gas industry

White House officials on Wednes­day, Jan. 14, unveiled plans to impose new regulations on the oil and gas in­dustry’s emissions of methane, building on its “Strategy to Reduce Methane Emissions” released in March 2014.

Oil drop could pose problems for LNG

According to a news release from Fitch Ratings, the recent “oil drop” may slow U.S. LNG and weaken the eco­nomics of natural gas.

“The recent nearly 50 percent drop in oil prices may slow the momentum be­hind the development of U.S. liquefied natural gas (LNG) facilities,” according to Fitch Ratings. “Oil price declines have weakened global LNG prices and could increase Henry Hub gas pricing, weakening current U.S. LNG project economics.

Entergy vegetation management program underway in Beaumont

Contract workers began the New Year with an expansive project to clear tree limbs, branches, twigs, and other brush from 23-miles of power line serving 1,152 customers in Beaumont, as part of Entergy Texas Inc.’s vegetation management program.

“Asplundh Tree Expert began the 2015 trim plan with a circuit out of the Elizabeth Substation,” said Richard Buckner, Entergy Texas Inc. (ETI) vegetation operations coordinator (OC) for Beaumont and Winnie. “Weather permitting this circuit will be completed within 2 months.” 

Economic Forecast Breakfast: Speakers discuss Texas economy, oil prices, windstorm coverage

Jim Rich welcomes guests.

The Southeast Texas Economic Development Foundation hosted its annual Economic Forecast Breakfast on Tuesday, Jan 6, at Holiday Inn Beaumont Plaza.

The meeting provided a look back on the previous year’s economic development successes and what Texans can anticipate in 2015 and featured renowned economist and president of The Perryman Group Dr. Ray Perryman and District 32 Texas State Representative and Chairman of Texas House Committee on Calendars Todd Hunter.