Industry News From Around the Web

  • Texas easing out of downturn, oil association leader says 
    February 22, 2017
    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 last year and is starting to “ease out of the dramatic downturn.” That’s the message from Texas Oil and Gas Association President ...
  • ‘’U.S. Oil Production To Soar By 3.5 Million Bpd Over The Next Five Years’’ 
    February 21, 2017| 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 the process effectively putting an end to the OPEC cartel (at least until last year’s attempt to cut production), it made a ...
  • Stronger Commodity Prices Fuel Oil Patch Recovery 
    February 17, 2017
    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 more than double by the end of the year. Rising prices helped fuel rising activity in the Permian Basin oil patch, which ...

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