{"id":5161,"date":"2019-06-13T19:02:24","date_gmt":"2019-06-14T00:02:24","guid":{"rendered":"http:\/\/steer.com\/?p=5161"},"modified":"2019-06-13T19:02:24","modified_gmt":"2019-06-14T00:02:24","slug":"energy-industry-update-06-13-2019","status":"publish","type":"post","link":"https:\/\/txogamsn.txoga.org\/steer\/2019\/06\/13\/energy-industry-update-06-13-2019\/","title":{"rendered":"ENERGY INDUSTRY UPDATE \u2013 06\/13\/2019"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/steer.com\/wp-content\/uploads\/2019\/06\/AdobeStock_62363310-1024x424.jpeg\" alt=\"\" class=\"wp-image-5162\" \/><figcaption>Oil refinery industrial plant at night<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The United States had 975 drilling rigs running at the of last week, a decrease of 9 from the previous week. Texas decreased by 7 rigs to end last week at 473 active rigs. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Texas Railroad Commission issued 197 drilling permits last week to bring the 10-week rolling average to 283.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, last week, natural gas prices decreased by 20 cents to average $2.37\/mmbtu and WTI crude oil prices decreased $3.96 to average $53 per barrel and gasoline prices across Texas decreased by 7 cents to average $2.41 per gallon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oil prices were relatively stable on Tuesday, June 11, as news that Russia remains uncommitted to extending the OPEC-plus agreement when the group of exporting countries meets later this month was offset by a promise by Saudi Arabia to take actions designed to ensure market stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other news, Republican Railroad Commissioner Ryan Sitton announced he would seek re-election to a second term at the state\u2019s oil and gas regulatory agency next year. Sitton was elected to his first 6-year term in 2014. During his time at the Commission, Texas has grown to become the 5<sup>th<\/sup>-largest producer of oil in the world as well as the nation\u2019s largest exporter of crude.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States had 975 drilling rigs running at the of last week, a decrease of 9 from the previous week. Texas decreased by 7 rigs to end last week at 473 active rigs. The Texas Railroad Commission issued 197 drilling permits last week to bring the 10-week rolling average to 283. Additionally, last week, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[6],"tags":[162],"class_list":["post-5161","post","type-post","status-publish","format-standard","hentry","category-blog","tag-industry-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ENERGY INDUSTRY UPDATE \u2013 06\/13\/2019 - South Texas Energy &amp; Economic Roundtable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/txogamsn.txoga.org\/steer\/2019\/06\/13\/energy-industry-update-06-13-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ENERGY INDUSTRY UPDATE \u2013 06\/13\/2019 - South Texas Energy &amp; Economic Roundtable\" \/>\n<meta property=\"og:description\" content=\"The United States had 975 drilling rigs running at the of last week, a decrease of 9 from the previous week. 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