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 […]
Tag: energy industry update
Energy Industry Update – 05/24/2019
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 […]
Energy Industry Update – 05/23/2019
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 […]
Energy Industry Update – 05/06/2019
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 […]
ENERGY INDUSTRY UPDATE – 04/08/2019
The United States had 1,025 drilling rigs in operation at the end of last week – an increase of 19 from the prior week. Texas gained 8 rigs to end last week with a total of 499 drilling rigs in operation. The Texas Railroad Commission issued 335 drilling permits last week to bring the 10-week […]
Energy Industry Update – 03/19/2019
The United States had 1,026 drilling rigs in operation at the end of last week. Texas ended last week with a total of 501 drilling rigs in operation. The Texas Railroad Commission issued 392 drilling permits last week to bring the 10-week rolling average to 334. Natural gas prices ended the week at an average […]
ENERGY INDUSTRY UPDATE – 03/11/2019
The United States had 1,027 drilling rigs in operation at the end of last week. Texas ended last week with a total of 499 drilling rigs in operation. The Texas Railroad Commission approved 369 drilling permits last week. Natural gas prices gained $0.05 to end the week at an average of $2.87 per mmbtu. West […]
ENERGY INDUSTRY UPDATE – 03/07/2019
The United States had 1,038 drilling rigs in operation at the end of last week. Texas ended last week with a total of 503 drilling rigs in operation. The Texas Railroad Commission issued 426 drilling permits last week to bring the 10-week rolling average to 277. Natural gas prices gained $0.24 to end the week […]
Energy Industry Update – 02/25/2019
The United States had 1,047 drilling rigs in operation at the end of last week. Texas ended last week with a total of 508 drilling rigs in operation. The Texas Railroad Commission issued 207 drilling permits last week to bring the 10-week rolling average to 277. Natural gas prices gained $0.07 to end the week […]
Energy Industry Update – 02/04/2019
The United States had 1,045 drilling rigs in operation running at the end of last week. The State of Texas ended last week with 514 drilling rigs in operation. The Texas Railroad Commission issued 357 drilling permits last week to bring the 10-week rolling average to 292. Natural gas prices averaged $2.85 mmbtu last week […]
