Entries by Ranger Land and Minerals

In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery

DEER PARK, Texas — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston. They secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company. This means acquiring full control of the refinery. Let’s talk […]

White House Helpless As Oil Prices Climb Higher

President Joe Biden announced plans to release up to 50 million barrels of oil from the strategic petroleum reserve. This is to lower retail fuel prices. Many analysts warned that any effect this move would have would be short-lived. Indeed, prices dropped for a very short. On the other hand, it is now on the […]

Oil and Natural Gas Contribute to Economic Growth

Wyoming’s economy continued to rebound in the third quarter of 2021, but its growth has slowed down. And thanks to the highest prices of oil and natural gas seen in several years, the mining industry had a relatively good quarter. On the whole, Wyoming recorded about 6,800 or 2.4% more payroll jobs in the third […]

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year. This is as the industry continues to recover from the worst of the coronavirus. All of this is according to a new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this […]

Oil Rises 1.5% as OPEC+ Agrees to Planned Output Increase

Oil rises by 1.5% on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand. Brent crude was up $1.15, or 1.5%, at $80.13 a barrel, its highest since November, by 13:33. p.m. EST (1833 GMT) […]

US becomes world’s top LNG exporter for first time ever

The U.S. became the world’s No. 1 LNG Exporter (liquefied natural gas) for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere Energy […]

US Oil Rig Count Jumps Along With Crude Prices

The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus. Let’s talk more about the US oil rig here. Last week’s count compared with a rig […]

Texas Oil and Natural Gas Employment Posts 6th Consecutive Month of Growth

Texas oil and natural gas job growth grew by 15.4% this November compared to last November. It brought 2,400 upstream jobs last month. This is the data from the Current Employment Statistics report from the Bureau of Labor Statistics show. What happened in the past 6 months? Employment gains in the Texas oil and natural […]

Oil Prices Are Rising. Look For Bigger Returns in 2022

The average energy stock is on track to gain more than 50% this year, a stunning result for a sector that has lagged far behind the market for most of the past decade. Prospects are looking good for 2022, too, particularly in oil. Oil prices are indeed rising and will continue to rise. International crude […]