Industry News

Texas easing out of downturn, oil association leader says 

date February 22, 2017
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Texas easing out of downturn, oil association leader says 

Associated Press| Staff Texas Oil and Gas Association President Todd Staples recently said the industry is easing out of the downturn. Texas’ oil and natural gas industry added 4,700 new jobs between September and December […]

‘’U.S. Oil Production To Soar By 3.5 Million Bpd Over The Next Five Years’’ 

date February 21, 2017
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‘’U.S. Oil Production To Soar By 3.5 Million Bpd Over The Next Five Years’’ 

OilPrice.com| Staff The drop in shale breakeven prices is giving the US a large advantage in the global market. Two years ago, when Saudi Arabia launched an unprecedented campaign to crush high-cost oil producers, in […]

Stronger Commodity Prices Fuel Oil Patch Recovery 

date February 17, 2017
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Stronger Commodity Prices Fuel Oil Patch Recovery 

Midland-Reporter Telegram| Mella McEwen Crude prices more than doubled by the end of last year exhibiting signs of industry recovery. After sinking to 13-year lows in early February 2016, crude prices had enough strength to […]

Eagle Ford Rig Count Returns to the 60s Amid Slow but Steady Rebound

date February 17, 2017
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Eagle Ford Rig Count Returns to the 60s Amid Slow but Steady Rebound

San Antonio Business Journal| Sergio Chapa Rig count in the Eagle Ford is beginning to recover as rising oil prices begin to support increased activity. With stabilizing commodity prices, the rig count in the Eagle […]

Here Comes the Next Wave of the U.S. Oil Boom

date February 17, 2017
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Here Comes the Next Wave of the U.S. Oil Boom

CNN Money| Matt Egan The US energy industry is emerging from the downturn more efficient than ever before. After a painful two-year price war with OPEC, the worst may finally be over for the American […]

Gloom Lifts From Industry as Oil Deal Makers Come to Town

date February 16, 2017
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Gloom Lifts From Industry as Oil Deal Makers Come to Town

Houston Chronicle| David Hunn Rising oil prices helped boost the optimistic outlook at the annual North American Prospect Expo this week. Two years of gloom seemed to lift from the oil industry this week as […]

US Shale Producers Export Record 1 Million Barrels of Oil Per Day to World Market as OPEC Cuts Back

date February 16, 2017
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US Shale Producers Export Record 1 Million Barrels of Oil Per Day to World Market as OPEC Cuts Back

CNBC| Patti Domm US shale production is slated to become a more significant players in the world export market. U.S. oil producers sent a record 7 million barrels of crude out into the world market […]

The United States of Oil and Gas 

date February 14, 2017
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The United States of Oil and Gas 

Washington Post| Tim Meko and Laris Karklis Technological advances and infrastructure in the industry have brought oil and gas extraction capabilities to new parts of the country. There are more than 900,000 active oil and […]

100 Days: Energy Exports Strengthen U.S., Boost Allies

date February 13, 2017
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100 Days: Energy Exports Strengthen U.S., Boost Allies

Energy Tomorrow| Mark Green US rising domestic output of oil and natural gas have allowed us to become a net exporter. One benefit from the renaissance in U.S. energy production is the new capability to […]

U.S. shale oil output to rise in March by 80,000 bpd: EIA

date February 13, 2017
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U.S. shale oil output to rise in March by 80,000 bpd: EIA

Reuters| Staff According to an EIA drilling productivity report, US shale oil production is expected to rise by 79,000 barrels per day in March. U.S. shale oil production for March is expected to rise by […]