Entries by Ranger Land and Minerals

Offshore Oil and Gas Decommissioning Market is Projected to Grow at a CAGR of 6.5% by 2033: Visiongain Reports Ltd

Visiongain has published a new report entitled Offshore Oil & Gas Decommissioning 2023-2033. It includes profiles of Offshore Oil & Gas Decommissioning and Forecasts Market Segment by Removal Type, (Leave in Place, Partial Removal, Toppled in Place, Complete Removal) Market Segment by Techniques, (Well Plugging and Abandonment, Pipeline Decommissioning, Platform Decommissioning, Umbilical Decommissioning, Subsea Structure Decommissioning) Market […]

Gasoline Prices are Rising in Austin: What You Need to Know

As crude oil prices have risen recently, that means higher gasoline prices across the nation — and Austin drivers are feeling the impact. The average price for a gallon of unleaded gas in Austin is $2.72. That’s up 14 cents from a month ago, when the cost was $2.58, according to a report from auto […]

Texas Oil and Gas Groups Highlight Job Growth, Wages, Tax Revenue

Upstream oil and gas employment in Texas continued to grow in November, with the sector adding 2,600 jobs versus October. This data is from the Texas Workforce Commission show. October’s gain revision upward to 3,100 from the original estimate of 2,800. It is what thethe Texas Oil and Gas Association (TXOGA) innclude in its monthly […]

Oil and Gas Drives Billions in Extra Funds for New Mexico in the Next Year

Billions of dollars in “new money” to the state of New Mexico was expected in the next fiscal year. It is due to the increase in oil and gas production in the southeast corner of the state. Moreover the oil-rich Permian Basin. The latest report from the Legislative Finance Committee (LFC) showed about $3.6 billion […]

Oil Rises as China Recovery, U.S. Buyback Plan Brighten Outlook

Oil rises on Monday as the prospect of demand recovery. This is led by China’s loosening of the COVID-19 curb. Moreover, it is due to the United States’ decision to buy back oil for its state reserves. They gained the upper hand over global recession fears. Brent crude futures LCOc1 gained 74 cents, or 0.9%, to $79.78 […]

Leading Oil and Gas Companies Investing Billions in Permian Basin

Some of the Permian Basin’s leading oil and gas companies announced plans to continue increasing extraction operations and investments. This is even as oil prices dipped due to an impending global recession. Much of the spending would go to decreasing the environmental footprint of fossil fuel extraction. Amid shifts in government policies and investor pressure […]

Oil Rises to Over $80/bbl as Dollar Slumps on Slowing Inflation

Oil rises to over $80 a barrel on Tuesday. It recorded its biggest daily gains in over a month. As investors bought up risk assets after U.S., data pointed to slowing inflation. The market was also buoyed by concerns about supply disruptions. It includes the ongoing shutdown of the Canada-to-United States Keystone crude pipeline. This […]

UAE To Expand Oil & Gas Production Capacity With $150 Billion Investment

With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming online. Yet, that’s precisely what the core gulf hub is proposing. According to Bloomberg, the United Arab Emirates – which in recent years has aggressively sought to diversify away from […]