Industry News

Energy Sector Gains Having Spillover Effect for Texas

date March 27, 2017
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Energy Sector Gains Having Spillover Effect for Texas

UPI | Daniel J. Graeber Energy sector recovery is having a positive impact on other parts of the economy in Texas, an analyst at the Dallas Fed reported. Gains in the energy sector are spilling […]

Drillers Lock in Higher Oil Prices in Surge of Hedging 

date March 27, 2017
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Drillers Lock in Higher Oil Prices in Surge of Hedging 

Houston Chronicle | Collin Eaton Falling commodity prices have not affected the continued growth in U.S. oil production. The oil market’s recent tumble below $50 a barrel won’t stop U.S. drillers from pumping more crude […]

U.S. Rig Count Climbs by 20 in 10th Weekly Increase

date March 24, 2017
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U.S. Rig Count Climbs by 20 in 10th Weekly Increase

Houston Chronicle | Collin Eaton Rig count rose for the 10th consecutive week, including rigs added to the Eagle Ford Shale region. Drillers put 20 oil and gas rigs back into U.S. fields this week, […]

Analysts: ‘Rebound’ Coming For Oil And Gas

date March 23, 2017
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Analysts: ‘Rebound’ Coming For Oil And Gas

E&P| Paul Hart According analysts economic indicators show that the oil and gas industry is well positioned for a strong rebound. Economic indicators point to a near-term uptick in the oil and gas business after […]

Eagle Ford: Key Insights, Industry Outlook, and More

date March 23, 2017
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Eagle Ford: Key Insights, Industry Outlook, and More

Market Realist | Keisha Bandz The Eagle Ford Shale is liquid rich and major US oil companies have identified it as a “key growth driver.” The Eagle Ford Shale is a gas and oil producing […]

Abbott: Texas’ Low-Regulation Approach is Good for Growth

date March 21, 2017
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Abbott: Texas’ Low-Regulation Approach is Good for Growth

Corpus Christi Caller Times | Chris Ramirez Governor Abbott followed through his pledge in 2015 and signed House Bill 40 which preempts the regulation of oil and gas activity at the city level. Texas continues […]

Drilling Permits Suggest Industry is Recovering

date March 20, 2017
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Drilling Permits Suggest Industry is Recovering

Houston Chronicle | Ryan Handy Due to an increase in drilling permits in Texas, it is believed that the industry is continuing to recover. The state of Texas approved almost 1,000 oil and gas drilling permits […]

Now the Battle of Oil Producers Really Begins

date March 20, 2017
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Now the Battle of Oil Producers Really Begins

Houston Chronicle | Chris Tomlinson US shale companies are coming back strong post-recession. Round one of the competition for dominance in the crude oil market is over, let the crux of the battle begin. The […]

US Crude Oil Rig Count Hit an 18-Month High

date March 20, 2017
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US Crude Oil Rig Count Hit an 18-Month High

Market Watch | Gordon Kristopher The US Crude oil rig count is climbing its way up mainly in the Eagle Ford Shale and Permian Basin. Baker Hughes (BHI) reported that the US crude oil rig […]

The Importance Of U.S. Oil And Natural Gas Exports

date March 19, 2017
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The Importance Of U.S. Oil And Natural Gas Exports

Jude Clemente | Forbes According to the International Energy Agency’s (IEA) latest World Energy Outlook (released in November), oil and natural gas will still supply over 50% of the world’s energy in 2040. But, given the […]