Another oil spill on the Texas-Louisiana coast? Off with their heads! (as the Queen of Hearts says in the new "Wonderland" musical at Houston's Alley Theatre). News of the massive oil spill in the Sabine Neches Waterway at Port Arthur, Texas is another blow to the image of the oil industry and bad news for the coastal wetlands of Texas and Louisiana. Port Arthur is near the mouth of the Sabine River, the natural boundary between Texas and Louisiana. The flora and fauna of coastal estuaries support a large Gulf of Mexico fishing industry, support millions of migrating birds that move throughout the Americas, and support the tourist industry in local communities through birding, fishing, hunting, and other recreation. The Gulf of Mexico shorelines are constantly under threat from hurricanes, red tides, industrial pollution and accidents such as this one. The Texas coast stretches 367 miles between the borders with Mexico and Louisiana, but it has an estimated 3,300 miles (5,310 km) of shoreline (including islands, bays, and river mouths), administered by 18 coastal counties. The Texas General Land Office (GLO) is responsible for managing the coast, protecting natural resources through initiatives such as Recycling, Adopt-A-Beach and Oil Spill Prevention and Response programs. The Great Texas Coastal Birding Trail attracts many visitors from around the world to see a rich variety of species on annual migration routes, and includes 41 Texas counties. Oil spills have a decidely negative effect on any natural environment and images of oil spills, however localized, may significantly deter tourism. The birds, however, have no choice.
Recommended Reading
Crescent Energy Bolts On $905MM Central Eagle Ford Acreage
2024-12-03 - Crescent Energy will purchase Eagle Ford assets from Carnelian Energy Capital Management-backed Ridgemar Energy for $905 million, plus WTI-based contingency payments of up to $170 million.
Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans
2024-09-19 - Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.
Summit Midstream Acquires Tall Oak Midstream III in $450MM Deal
2024-10-02 - The acquisition of Tall Oak Midstream III balances Summit Midstream’s crude and natural gas commodity exposure in preparation for high natural gas demand in the coming years, Summit Midstream CEO Heath Deneke said.
Innovex Closes $104MM Acquisition of Downhole Well Solutions
2024-12-02 - Innovex International paid $103.7 million in cash and stock for Downhole Well Solutions, according to a Securities and Exchange Commission filing.
Blackstone in Talks to Buy US Pipeline Stakes from EQT for $3.5B, Sources Say
2024-10-28 - If the talks are successful, the deal would help natural gas producer EQT slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year.