When our state’s oil and natural gas industry does well, all Texans benefit. And the proof is in the numbers! After a year of remarkable and sustained recovery, the Texas oil and natural gas industry paid just over $11 BILLION in state and local taxes and state royalties in fiscal year 2017 – providing the equivalent of $30 […]
Oil Rig Count The first piece of good news closing out this week has been reported by Oilprice.com states,”Baker Hughes reported a 10-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1003, which is an addition of 164 rigs year over year.” […]
Every spring, the N.C.A.A. basketball tournament provides spectators with unforgettable moments of joyous triumph and crushing defeat during the spectacle known as March Madness. For 64 years, the balls used in the N.C.A.A. tournament featured leather exteriors. That all changed in 2002, when, for the first time in the tournament’s history, synthetic basketballs were used. While leather […]
Easter is the Christian celebration of the resurrection of Jesus Christ. Now, we won’t get into a religious discussion here. However, this holiday weekend has struck a chord for our organization. Though not truly comparable, on the notion of resurrection we couldn’t help but think of our domestic oil and natural gas market. The oil […]
In the spirit of St. Patrick’s Day 2018, we thought it would be fun to talk about Ireland’s oil and gas industry. For years, Ireland has been known as the home of beautiful green landscapes, the blarney stone, Guinness, and of course, Celtic art, music and literature. Ireland isn’t exactly known for it’s contribution to […]
RoboCop. Terminator. Yeah, they’ve heard all that before. And in fact, if you saw someone stand up, wearing one of these, heading your way, your first instinct might be to look for the nearest exit… …but in fact, what you’d be seeing, is one of the closest things to a miracle on this earth.* Because […]
On February 22nd, our President, Omar Garcia visited Corpus Christi to speak at an event held by the League of United Latin American Citizens (LULAC). Garcia spoke about multitudes of topics the communities have voiced their concern over, primarily dealing with the oil and gas industry. Garcia began by thanking the audience and LULAC for the opportunity […]
On this day, many years ago, Texas declared its independence from Mexico. On March 2, 1836, 60 delegates from around Texas came together to sign the Texas Declaration of Independence, which would later be used as inspiration in many ways for the Declaration of Independence, used in 1776 to formally separate the United States from […]
Some great news came across our desk this week with a recent report conducted by Westwood Global Energy Group, via the SPE website. Here is an overview of the report: “Westwood recently made this projection in its US Drilling & Completion Market Forecast Q1 2018, a basin-by-basin outlook using data gathered by the Energent Group, a market […]
Oil prices have been on the rebound lately. Earlier this month, prices for West Texas Intermediate (WTI) dipped just below $60, but as of today the price is hovering at a strong $63.50. Brent Crude is just above $67.00 which is just below our high for the past year! This is great news, but it […]
