Oxy announced it would sell parts of Anadarko Petroleum once its deal to acquire the company is complete. In addition to Anadarko’s LNG assets in Africa, Oxy said it plans to put the company’s Gulf of Mexico production and midstream assets up for sale in the coming months. Competing bills designed to reform the Texas […]
The United States had 983 drilling rigs in operation at the end of last week. Texas ended last week with a total of 481 drilling rigs in operation. The Texas Railroad Commission issued 299 drilling permits last week to bring the 10-week rolling average to 305. Natural gas prices ended last week at an average […]
OPEC and its allies met over the weekend for a preliminary meeting before their June 25 26th official meeting as de facto leader Saudi Arabia indicated that the group is likely to maintain production cuts that have helped boost crude prices this year. Markets were mixed on the news as U.S. crude inventories continued to […]
The United States had 987 drilling rigs in operation at the end of last week. Texas ended last week with a total of 482 drilling rigs in operation. The Texas Railroad Commission issued 345 drilling permits last week to bring the 10-week rolling average to 314. Natural gas prices ended last week at an average […]
TELL THE TEXAS LEGISLATURE YOU SUPPORT SAFER ROADS! The Texas Legislature is currently considering legislation that would provide a steady source of revenue to invest in upgrades to infrastructure and roads in energy producing areas of our state. Here are a few details: HJR 82 proposes an amendment to the Texas Constitution to establish the generate recurring […]
The United States had 988 drilling rigs in operation at the end of last week. Texas ended last week with a total of 485 drilling rigs in operation. The Texas Railroad Commission issued 241 drilling permits last week to bring the 10-week rolling average to 319. Natural gas prices ended last week at an average […]
Oil prices recovered on Wednesday as the EIA reported a significant reduction in crude oil inventories, reducing recent fears that the market was oversupplied. Speaking of the EIA, it released a new report this week projecting U.S. oil production will reach 13 million barrels per day in 2020 – a 19% increase over the average […]
The United States had 990 drilling rigs in operation at the end of last week. Texas ended last week with a total of 484 drilling rigs in operation. The Texas Railroad Commission issued 261 drilling permits last week to bring the 10-week rolling average to 326. Natural gas prices increased by $0.09 at the end […]
King William Fair 2019 was a huge success! Below, you’ll find our recap video of King William Fair 2019. During the event, we had help from SHALE Magazine and TXOGA to pass out medals, sunblock, hand sanitizer, cooling towels and information about a new initiative called “San Antonio Area“. Please be sure to visit this link to view […]
