American Petroleum Institute Pres. Jack N. Gerard expressed hope that energy will provide a basis for bipartisan cooperation when the Trump administration and 115th Congress assume power in January 2017. Source: News

Texas now “swims” in 20 billion bbl of crude oil that the US Geological Survey has “discovered” in the Pennsylvanian-Permian Wolfcamp shale of West Texas. Source: News

Among the political races settled Nov. 8-from small-town school board seats to the presidency itself-was one of the three seats on the Texas Railroad Commission (TRC), the agency in charge of overseeing what are now among some of the world’s largest oil and gas reserves. Republican Wayne Christian won. Source: News

During his campaign, US President-elect Donald Trump called climate change “a hoax” and promised to cancel the Paris agreement of 2015. Parties to the agreement now insist that he renege, saying US credibility is at stake. Source: News

The US Environmental Protection Agency’s original conclusions that no studies or data have indicated a widespread, systematic effect on drinking water resources as result of hydraulic fracturing are correct, a study commissioned the American Petroleum Institute found.  Source: News

Spartan Energy Corp. has agreed to acquire all of the southeast Saskatchewan assets belonging to fellow Calgary firm ARC Resources Ltd. for $700 million in cash. Source: News

Tesoro Corp., San Antonio, has entered into a definitive agreement valued at more than $6 billion to acquire fellow US independent refiner and marketer Western Refining Inc., which owns and operates three refineries in Texas, New Mexico, and Minnesota. Source: News

Transitions of presidential administrations from one political party to another can be bumpy at best for energy policies. This one is shaping up to be out-and-out war for the next couple of months, and possibly beyond. Source: News