As drilling activity in Texas continues to increase, so are job levels for the state’s oil and natural gas industry. How does it affect the Texas oil And gas employment trends? Citing the latest Current Employment Statistics report from the U.S. Bureau of Labor Statistics, the Texas Independent Producers and Royalty Owners Association (TIPRO) highlighted […]
Iran has considerable volumes and barrels of oil in floating storage. It could quickly release should a deal with the United States be finalized. In an update earlier this month, OilX claimed that Iran has some 40 million barrels. The bulk of which is probably condensate. Vortexa estimates Iranian crude in floating storage at 60 […]
The U.S. oil industry hit a legal roadblock in January. It is when a judge struck down a $192 million oil and natural gas lease sale. That was in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon, and other industry players. […]
The Permian basin and the Haynesville shale are leading increases in US oil and gas production. This is what the US Energy Administration (EIA) said in its monthly drilling productivity report. The EIA estimates that gas production from unconventional plays is in the report. It stated that it will surpass 93.8 billion cubic feet per […]
The oil and gas industry doesn’t hate the climate bill. The industry as a whole isn’t yet embracing the $700 billion-plus reconciliation deal, which would penalize some forms of fossil fuel pollution while making one of the largest investments in clean energy in U.S. history. But the legislation also contains what some called “Easter eggs” that […]
While oil and gas prices may continue to weaken in the near term, by the time winter sets in, the market is going to become extremely tight and the per-barrel price of oil should return to around $120, Energy Aspects’ Amrita Sen told Bloomberg Surveillance on Monday. Sen suggests that while gasoline prices have declined, demand remains […]
Energy industry earnings likely more than tripled in the second quarter, as companies hauled in record revenue due to high oil and gas prices. “This quarter is going to be a blowout,” said Stewart Glickman, energy analyst at CFRA. The two biggest U.S. energy companies, Exxon Mobil and Chevron, are reporting on Friday. Analysts say […]
Texas oil producers paid $694 million in production taxes to the state. This is according to the Comptroller’s data in July. The highest monthly collection on record are up 84% percent from July 2021. Natural gas production taxes paid also reached a record high in July at $532 million. Moreover, it was up 185 percent […]
Oil prices rises to about $2 on Monday, bolstered by supply fears, a dip in the U.S. dollar, and early strength in equity markets, but prices seesawed as some worried fuel demand could weaken if the Federal Reserve raises U.S. interest rates too aggressively. Brent crude futures for September settled up $1.95, or 1.9%, at […]
“As expected, the dip in May upstream employment appeared to be an anomaly. June numbers reflect continued demand for talent and increasing exploration and production activities in the Texas oil and natural gas industry,” said TIPRO’s President Ed Longanecker. TIPRO, which obtains its employment data from the U.S. Bureau of Labor Statistics, also noted that […]
