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There Is Always A Bigger Fish - Chevron VS. Occidental Petroleum

Chevron VS OXY - Texas Flange


This month, rather than boring you all with minor changes in statistics, I shall bring some current events to your attention, if they are not already on your radar.

Locally speaking, there has been a bit of a bidding war for Anadarko Petroleum between Chevron and a relatively “small” oil company called Occidental Petroleum. To put it into perspective, data suggests that Occidental is approximately 1/4th the size of Chevron but has offered $76 Per share (Or $57 BILLION dollars) compared to the $65 per share (Or $50 BILLION dollars) offered by Chevron. According to analysts, Anadrako shareholders would prefer to hold Chevron stock, but Occidental currently claims that they are better suited and can get the “best results” from the Anadarko wells residing in the Permian Basin. Based on some data from Occidentals CEO, Vicki Hollub, Occidental’s oil wells in the Delaware Basin perform about 74% better than Anadarko’s. Hollub also noted that out of the top 100 wells in the Permian, 23 were drilled by Occidental. However, rivals on that list used ~27% more proppant per well to frack the shale formations. This difference in materials used equates to roughly half a million dollars in savings per well drilled by Occidental compared to their rivals.  Ultimately, Chevron has the capital to outbid Occidental if they so choose, but we can expect they will have to pay the price to come out on top when its all said and done.

Anadarko Petroleum Update 04/29/2019:

                “Anadarko is resuming its earlier negotiations with Occidental because Anadarko's board of directors, following consultation with its financial and legal advisors, has unanimously determined that the Occidental Proposal could reasonably be expected to result in a "Superior Proposal" as defined in the Chevron Merger Agreement. The Occidental Proposal reflects significant improvement with respect to indicative value, terms and conditions, and closing certainty as compared to any previous proposal Occidental made to Anadarko.” 


Anadarko Petroleum Update 05/10/2019:

Anadarko Petroleum announced their entrance into a merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59.00 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock.

Anadarko also announced that prior to the Occidental merger, the company terminated the previous agreement with Chevron resulting in a billion dollar termination fee.

The transaction is expected to close late this year, subject to approval by Anadarko shareholders, approvals closing conditions.

To read the update from the Anadarko Website:


Internationally speaking, there are a couple other things that are worth noting today.

Iraq is speculated to be one of the top oil producing countries by 2030, outpaced only by the United States, Saudi Arabia and Russia. While Iraq’s oil production has nearly doubled in the last decade, they certainly have some hurdles to overcome before that projection becomes reality. A major hurdle will be increasing water production to keep up with the demand from the energy sector. Additionally, while the potential for natural gas has increased with their oil production, currently Iraq is not equipped well enough to capture and process the current output. This has led to a deficit in natural gas and has led to importing large amounts from Iran to meet their power demands. This has led to many issues keeping the lights and air conditioning on during peak seasonal demand. There are many solutions being suggested to alleviate these issues, however we will have to check back in the future to see what progress has been made.


Finally, Let’s talk about Saudi Aramco’s Ghawar field for a moment.

For decades, exact metrics on the Ghawar Field have been closely guarded leading to unbridled speculation, however we finally have some numbers to look at and… they may not be as good as previously thought. While the Ghawar Field has been revered as almost “mythical” based on its size and vague understanding of its inner workings, recent data suggest it cannot produce the 5 million barrels per day that was previously thought, and in fact only produces 3.8 Million barrels per day.  With this field being the largest source of crude in Saudi Arabia, it certainly stands out the most in their report. However the fact remains that Aramco is the world’s most profitable company (Earning ~$111 Billion Dollars last year) and unless error is compounded many times over and/or they are not able to successfully transition to include a more diverse portfolio of energy related products in the coming years, Aramco shows no signs of slowing down or fading away. 


While you're here, check out some of the other great stuff Texas Flange has to offer like our catalog or online drawings!

if you havent already, Check out last months report!

Stay tuned for our May Oil Report!


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6 Great Ways To Reduce Stress - National Stress Awareness Day

Image result for stress meme

In a 2011 Study from the American Institute of Stress, 80% of workers reported feeling stressed on the job and about half of workers felt they needed help learning stress management. In a similar survey in 2000, 65% of workers reported stress-related health issues. We all get stressed from time to time, and clearly work tends to contribute to that. If not addressed, the stress you experience can take a serious toll on your mental and even physical well-being. So before you ghost your job, sell all of your worldly belongings and run away to backpack Europe indefinitely… try some less extreme ways to alleviate stress from the daily grind.

For some of us in the office, music can be extremely cathartic. A personal recommendation? Anything from the 70’s. De-stress with some disco, listen to some funk to snap yourself out of a funk! The one thing that has never let me down: the ABBA power-hour. Though you may need headphones for this one because I’ve been told not everyone wants a full hour (or two) of Dancing Queen. (I was surprised, too.)

If that’s not your thing, try some of these other ways to unwind right in your office:

Deep Breaths. Mindful breathing is one of the best ways to reduce stress. By taking your focus off stressors and concentrating on how you’re breathing and how it affects your body, you can help to reduce tension in your body and relieve stress. Personally, if I can calm my breathing the rest of my body follows suit.

Try some of these techniques:

Belly Breathing

  1. Sit or lie flat in a comfortable position.
  2. Put one hand on your belly just below your ribs and the other hand on your chest.
  3. Take a deep breath in through your nose, and let your belly push your hand out. Your chest should not move.
  4. Breathe out through pursed lips as if you were whistling. Feel the hand on your belly go in, and use it to push all the air out.
  5. Do this breathing 3 to 10 times. Take your time with each breath.
  6. Notice how you feel at the end of the exercise.

4-7-8 Breathing

  1. To start, put one hand on your belly and the other on your chest as in the belly breathing exercise.
  2. Take a deep, slow breath from your belly, and silently count to 4 as you breathe in.
  3. Hold your breath, and silently count from 1 to 7.
  4. Breathe out completely as you silently count from 1 to 8. Try to get all the air out of your lungs by the time you count to 8.
  5. Repeat 3 to 7 times or until you feel calm.
  6. Notice how you feel at the end of the exercise.

Walk it out! Get up from your desk and take a quick 5 minute walk. Chat with your coworkers, or dip outside really quick to soak up some much needed Vitamin D (Zyrtec in hand, because it is springtime after all) Getting away from a screen and getting some fresh air will do wonders, even if it’s only for a little while.

Stretch the stress away! Try this easy 3-minute yoga session from the National Health Service UK to check-in with your body and relieve some of that tension.  Your lower back will thank you!                                             

                                                                                                  seated yoga workout                                                                                                                                                                                                                        

Splash some water on your face! No, it’s not just something you see in movies! Hydrotherapy is the application of water to the body surface to help it heal and feel better. How does it work? According to Dr. Peter Bongiorno, “The wet and cold causes our surface vessels to vasoconstrict (tighten up) making blood move from the surface of your body to the core, as a means to conserve heat. Not only does it conserve heat, it also reflexively bathes the brain and vital organs in fresh blood. This movement will bring nutrition, oxygen and also help gently detoxify the area.” Just make sure to dry off before heading back to your electronics!

Next time you’re feeling overwhelmed, try some of these techniques to help provide some quick relief. Stress can be a part of life for everyone, but by taking time for your physical and mental health it can certainly be manageable. Find what works best for you!

While you're here, check out some of the other great stuff Texas Flange has to offer like our catalog or online drawings!



Sources for the featured techniques in this article, as well as more stress reducing techniques: 

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Happy Sorry Charlie Day!!

Sorry Charlie 2 - Sunkist Flanges


Happy National Sorry Charlie Day!

To put it simply, April 6th is a day for those of us who have experienced some form of rejection in their lives (aka, all of us) and despite the struggles we all have overcome and persevered!

The phrase “Sorry, Charlie” has been a staple in the American lexicon since 1962, and actually originates from the debut of the StarKist tuna company mascot, Charlie the Tuna. Since 1961, Charlie has tried to be chosen by the StarKist fisherman, as he believes he is a perfectly hip fish with great taste. With each try Charlie is met with the now iconic “Sorry, Charlie” because they’re “not looking for tuna with good taste but rather for tuna that tasted good.” Apparently Fashion is the least of the fishermen’s concerns….

Today celebrates the cool attitude and undaunted resolve of America’s favorite and incredibly relatable tuna fish. When you think back on times in which you felt rejected or times that were particularly difficult, instead of focusing on the negatives take a note from Charlie the Tuna. Take that experience and use it as an opportunity to grow and learn from! Don’t let failures or rejections bring you down, instead keep smiling like Charlie and try to shake up your perspective! Remember that we would not truly be able to appreciate the good times without that bad times to compare them with!

In an interview with Huffington Post in 2017, Charlie encourages everyone celebrating his holiday to follow his lead, saying, “I hope to inspire everyone to raise a fin to overcoming hurdles!”.

Want to learn about Star Flanges?

Please also check out our Online Catalog and our online Drawings!

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Bring in the BULLS – Crude Oil Prices On The Rise

We are going to take a little trip back in time today due to some information just now being released.


March 2019 Oil Flanges - Bring on the bulls

Let’s get out of our comfort zone and talk about the US Economy for a moment. Now that we have some data, the United States GDP annual growth rate has been confirmed at 2.9%. With that being said, the momentum of that growth slowed at the end of 2018, and has yet to pick up again due to the polar vortex, a general downward trend in consumer sentiment and other factors. As far as labor is concerned, the unemployment rate fell to 3.8% compared to 4.0% previously. Inflation is ever present, however didn’t hit as hard this last year. In January, total yearly inflation sat at 1.6% y-o-y showing a clear downward trend over the last few months. (compared to 2.2% y-o-y in November)

At the end of 2018 United States crude oil output averaged 11.85mb/d, 1.80 mb/d increase y-o-y. Texas production in December rose by 35 tb/d m-o-m to average 4.88 mb/d with the majority of that coming from the Permian Basin. While New Mexico only averaged 0.82 mb/d, they had the highest y-o-y growth rate from a percentage standpoint, Nearly 46%. North Dakota rose 18 tb/d m-o-m and averaged 1.37 mb/d, with the majority coming from the Bakken shale play.

 The Gulf Coast (PADD 3) produced more than 64% of the united states crude oil production, with Texas accounting for 40% of total us crude oil output alone. The Permian Basin accounted for almost 59% of the US crude oil growth in 2018.

Globally speaking, the heavy hitters for growth in 2018 were (in no particular order) Canada, US, Russia, Kazakhstan, and Qatar with Mexico, Norway and Vietnam showing the biggest declines in growth.

Now back to our regularly scheduled programming.

Some new data suggests that the 2019 Global oil output has increased to 1.50 mb/d y-o-y, while Global oil supply has lowered by 0.16 mb/d to an average of 99.15 mb/d in February compared to January. This reduction in supply (gasoline is the main culprit) has led to some bullish sentiment in the market. BRENT crude is a point of attraction for many investors who appear to be strengthening their bullish positions. Whether or not this is a short or long-term strategy is yet to be known for certain, but we can say that the rising price of oil is currently being supported by the expectations of a shrinking global supply in the coming months.

Further support could extend from the global rise in demand, speculated to rise 1.24 mb/d, leading us to an average global oil demand of 99.96 mb/d.

As of March 28th 2019, the current price of BRENT crude is $68.00, and WTI crude is hovering under $60 at $59.51. Ultimately only time will tell where we end up at the end of 2019, but all things considered so far so good!

 Stay tuned for our April update!



Please check out our online catalog as well as our collection of online flange drawings.

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Texas Flange Pays It Forward - 2019


Elijah Rising Texas Flange


Since there's so many great causes to donate to, we chose four this month! Some of these should sound familiar, but here's a quick run down on what these organizations are all about. 

CampHopeCamp Hope’s facility opened in 2012 in Houston, Texas as a place for veterans and their family to find support, housing, and other resources while benefitting from a program for combat related Post Traumatic Stress. In addition to temporary housing, Camp Hope offers a 5 month program that includes a 1 month transitional program in which residents: attend group lessons and support sessions with other combat veterans; conduct individual mentoring sessions with certified combat trauma mentors; participate in off-site small group interaction activities (i.e. fishing, camping, local activities and sporting events); and get involved with local churches, businesses and volunteer organizations to assist in their personal healing and educating the community on the invisible wounds of war.


Elijah Rising was founded in 2012 as a prayer gathering focused on ending sex trafficking in Houston. In 2013 Elijah Rising negotiated the closure of a brothel, Angela’s Day Spa, and converted it into its former headquarters. In 2014 Elijah Rising launched the Museum of Modern-Day Slavery—one of the nation’s few museums deelijah rising 2dicated to exposing the brutal realities of sex trafficking and exploitation. As Elijah Rising’s mission expanded a new Restorative Care program was added with the purchase of an 84-acre property in rural Fort Bend County. It is a faith-based program that provides housing, counseling, and a caring community of support for adult women survivors of sex trafficking.

Living Water InternationalLiving Water International is about helping whole communities and regions have enough safe, accessible, reliable water to significantly improve the lives of the people who live there. Once communities have access to safe, sustainable water, they can improve their sanitation, dramatically raising their quality of life—improving health, increasing school achievement, and multiplying productivity. education is important—helping people understand how to prevent diseases by washing their hands, storing their water properly, and using a latrine. We work with local churches wherever we find them, identify ways we can be part of what God is already doing, and share the good news about Jesus in simple ways—like telling stories and asking questions.  We’re learning alongside the communities we serve that projects are most sustainable when they respond to both need and demand, when financing is carefully thought through, and when management is handled locally with lots of ongoing support.



Juvenile Diabetes Research Foundation is the biggest nonprofit funder of type 1 diabetes (T1D) research in the world. Their focus is on finding a cure; and until then making advancements every day ease the burden of those living with the disease. JDRF’s research has three objectives: to cure the body’s inability to control glucose, reversing insulin dependence; to prevent thJDRF Logoe progression of the disease in those at risk or recently diagnosed; and to treat people living with T1D with new drugs, therapies and devices that make it easier to stay healthy until the cure comes.


Texas Flange is happy to announce that after a week of everyone hitting that like button, writing out comments, and sharing our post with their friends and family, we will be donating $1200 to the organizations above!! We want to thank everyone who participated and helped us help others!

June Texas Flange Donation


This month we are supporting Camp Hope and their program to help struggling veterans. It is easy to recognize how difficult the loss of a loved one is, but not many understand the difficulties our surviving soldiers face when they return home.

If you have any questions or concerns, please feel free to message us!

To any veterans who may need assistance, please do not hesitate to contact Camp Hope!
“Contact us on our PTSD Veteran Line at 877-717-PTSD (7873) for more information, acceptance criteria and availability.”

We're happy to announce that Texas Flange has broken our personal goal and will be donating $1,025 to Camp Hope! A huge thank you to everyone who showed their support! Soon we will announce the details of June's donation so stay tuned!

Camp Hope Donation Check




With YOUR help again we hope to donate $1,000 (If not more 😃 ) this month to an organization called Elijah Rising.

Based in Houston, Elijah Rising aims to end to bring an end to human trafficking through raising awareness, prayer, intervention, and restoration. They not only reach out and provide resources to victims of trafficking, but also help to provide housing, care, and counseling for survivors. In 2017, it was reported that in Texas alone, there were over 300,000 victims of human trafficking, with Houston being one of the most active areas. We ask you to challenge us once again as we donate to this more than deserving cause.

Last month, Texas Flange asked you to challenge us by giving you the reigns and letting you decide how much we would donate to St. Jude’s Children’s Research Hospital. At the end of the week we donated $507 via Comments counted over FacebookLinkedin, and Instagram.


The rules this month are as follows:

-we will add up and every comment between $1 and $5
-for every “like” this post receives we will add $1
-every time this post is shared we will add $2
-April 22nd through April 26th 2019. We will comment on Friday to end the donation period and begin tallying the results!

Remember, we aren’t asking for your money, just asking you to call the shots on how much of ours we donate! Together we can help an amazing organization!

Elijah Rising Donation Results:

Eijah Rising Texas Flange Donation




St Jude Donation Texas Flange




Everyone knows at least one person who has had medical difficulties in their life. Here at Texas Flange we've decided to pay it forward and help in a way that hits close to home for us. However, we need YOUR help to do so! No, no, not your money...  All we ask is that you comment any number between $1 and $10 and then like/share our social post! Easy enough! 

Tuesday April 2nd we will add all the comments up from our social media platforms and donate that amount to St. Jude Children's Research Hospital.  No catch, no strings attached, only giving back!

We will Update this blog once the Donation period has ended with all the totals and a picture of our donation!


  • Multiple Comments from one person will not all be counted. Only the Highest number commented within the range.
  • Numbers outside of the Specified range will not be counted.
  • The donation period will end on Tuesday April 2nd 2019, and we will comment the totals thereafter. 
  • 04/03/19
  • Our Donation period has ended with the totals as follows:
    • Facebook: $438

      Linkedin: $40

      Instagram: $29

      Grand total: $507

  • Please stay tuned for our next donation!! We would like to donate at least $1,000 next time with your assistance!!

St Jude Check - Texas Flange

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