World Oil | Staff
According to the Texas Petro Index, oil prices jumped more than $6/bbl in January compared to December.
Oil and gas producers in Texas kicked off the New Year with a bang, propelling the Texas Petro Index upward for the 14th straight month by continuing to increase production in response to higher wellhead prices. At 192.7 in January, the TPI was 25% higher than in January 2017 when the TPI stood at 153.7 and up more than 30% than in November 2016 when the TPI stood at 148.2. “The statewide upstream oil and gas economy remains in a state of expansion with generally favorable pricing, a slowly rising rig count, growing industry employment, and record crude oil production,” said Ingham, the economist who created the TPI and updates it monthly.
- Texas shale field production predicted to continue to grow in October September 18, 2018
- Technology And Efficiency Gains Create A “New Normal” For U.S. Shale September 18, 2018
- United States now the largest global crude oil producer September 12, 2018
- North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData September 5, 2018
- United States Will Drive Growth for Oil Storage Industry in North America September 2, 2018
Sanchez Energy News
- Shale Drillers To Torment OPEC Into Next Decade November 8, 2017
- Sanchez Energy: A Big Bet On Making American Oil Great Again January 25, 2017
- Sanchez Energy Announces Fourth Quarter and Full Year 2016 Operating Results; Additional 110,000 Acres Leased in the Western Eagle Ford January 23, 2017
- Sanchez Energy Announces 2017 Analyst Day January 17, 2017
- Sanchez Energy Announces Conference Call to Discuss Recently Announced $2.3 Billion Eagle Ford Transaction January 12, 2017