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 […]
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 […]
Recently, the EIA announced that crude inventories grew unexpectedly last week. Analysts had expected a decrease of around 3.5 million barrels, but instead inventories grew by 1.2 million barrels. This was due to increased imports to feed refineries that are running at record rates. The U.S. imported 1.4 million barrels per day more than the […]
