Pickens Plan mastermind T. Boone Pickens has shown support for H.R. 1835, the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act, introduced today by U.S. Congressmen Dan Boren, John Larson and John Sullivan.
Pickens says, “I applaud Congressmen Boren, Larson and Sullivan for introducing the NAT GAS ACT today. In doing so, they’re showing that a bi-partisan approach to energy policy is not only possible, but doable. America’s national and economic security depends on moving off foreign oil as quickly as possible. Natural gas is the cleanest, most abundant, most economical domestic fuel to replace imported diesel.”
Pickens says The U.S. has enough gas reserves to last more than 118 years. He adds a battery can’t move an 18-wheeler yet, and gas will buy a bridge to the future.
“The NAT GAS ACT will provide the immediate incentives and long-term stability for companies to seriously move from imported diesel and gasoline to domestic natural gas. Last month, AT&T announced a program to replace 8,000 vehicles—or one fifth of its fleet—to run on natural gas. I know that this legislation will motivate many others, from major corporations and municipalities operating fleets to individual owner-operators, to choose a truly American fuel at the pump.”
The Pickens Plan is an energy policy designed to reduce U.S. dependence on foreign oil supplies by supporting a transition to natural-gas fueled vehicles and the expansion of wind energy resources.
CEO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]
2023-03-21 - Pioneer Natural Resources President and CEO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines.
E&P Highlights: March 20, 2023
2023-03-20 - Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.
US Drillers Add the Most Gas Rigs in a Week Since December 2018: Baker Hughes
2023-03-17 - Oil rigs fell one to 589 this week, while gas rigs rose nine to 162.
Oxy CEO Vicki Hollub Talks Technology, Carbon Management
2023-03-17 - Technology partnerships key to bringing direct air capture facilities to reality.
Eni’s Yatzil Well Hits in Mexican GoM
2023-03-17 - Eni’s Yatzil well found 130 ft of pay, and the operator estimates 200 MMboe reserves in place.