Category: Production

Texas crude production hits highest level since 1980

An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.  More »

Houston oil company announces next CEO

Noble Energy President David Stover will succeed CEO Charles Davidson.  More »

Feds fine oil company for failing to report production

The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.  More »

Alaska officials revise oil production estimates higher

Alaska’s Revenue Department is forecasting higher oil production than previously expected, though the overall, long-term trend is still one of decline.  More »

Oil towns lead nation in population growth

New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation’s fastest-growing communities include two Texas towns in the Permian Basin and three cities near North Dakota’s Bakken Shale.  More »

Old math casts doubt on accuracy of oil reserve estimates

Billions of barrels of untapped shale oil in the U.S. are counted by companies relying on limited drilling history that exaggerate future production, casting doubt on how close the U.S. is to energy independence.  More »

Texas producing 36 percent of US crude

More than one of every three barrels of U.S. crude is pumped in Texas, according to the latest monthly figures from the federal Energy Information Administration.  More »

White House strategy to cut methane takes aim at oil industry

The White House on Friday unveiled a broad strategy for curbing greenhouse gas emissions, including regulations clamping down on methane tied to oil and gas development.  More »

Study: Tight oil still profitable even if crude prices plummet

Even if global oil prices fell more than $30 per barrel, the overwhelmingly majority of U.S. tight oil production would still be profitable, analysts with Wood Mackenzie said Tuesday.  More »

Report: Texas holds $140B in petroleum wealth, led by Houston

Texans own about $140 billion in “petro wealth,” with corporations owning 80 percent of the total, according to an analysis by an Austin firm.  More »

A renewed search for western Colorado oil shale

Exxon Mobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management’s approval of development plans.  More »

Pennsylvania driller adds Houston rep to boost shale business

Producers in unconventional oil plays are pushing to drill more wells with each rig they hire, and that has drilling companies upgrading their equipment to make it lighter, nimbler and more powerful.  More »
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