Texas oil and gas industry prepared to provide power through storm

(The Center Square) – The Texas oil and natural gas industry is prepared to provide power throughout a winter storm that has already dumped several inches of snow in the Panhandle and heavy rainfall in the Permian Basin, the power producing region of the state and country.

Texas’ natural gas production, processing, transmission, and storage sectors are well prepared, operational and continue to have needed production and storage, the Texas Oil & Gas Association said in a statement. It notes that “localized issues have occurred as anticipated with weather events. Operators report varying impacts due to power outages, and road conditions particularly impacting third-party vendors; however, operators reporting that most challenges have been or are being addressed. There has been minimal impact to the overall natural gas production and distribution system.”

As of Saturday, RBN Energy reports statewide natural gas production remains strong at 27.24 billion cubic feet per day (bcf/d), any ...