Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Texas oil production increasing
by Daniel J. Graeber
Austin, Texas (UPI) Mar 31, 2015


disclaimer: image is for illustration purposes only

Preliminary state data show crude oil production in Texas is on the rise, though drilling permits for February are down 45 percent year-on-year.

The Railroad Commission of Texas, the state energy regulator, reported total crude oil production for January, the last full month for which data are available, was 2.2 million barrels per day, a 15 percent increase over January 2014.

Texas is the No. 1 oil producer in the nation. About half of all rigs actively exploring for or producing oil in the United States are in Texas.

In February, the commission issued 827 new permits for oil and gas wells. The total number of drilling permits, however, was down 45 percent from February 2014.

The low price of oil is forcing energy companies to spend less on exploration and production, the upstream side of the energy sector, and to cut back on staff. Many U.S. energy companies have headquarters in Houston.

In January, the Federal Reserve Bank of Dallas said it was less optimistic about its outlook for the year because of the low price of oil. In its so-called Beige Book, the bank said demand for oil services in the Permian and Eagle Ford shale basins declined. Oil services company Halliburton announced cuts in staff from its Houston offices the same week.

In its latest report on manufacturing, the Dallas bank said it expected "fairly weak" business conditions in the state.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Looking to space to quantify natural gas leaks on Earth
Denver CO (SPX) Mar 30, 2015
The recent increase in natural gas production could provide a bridge to a lower carbon future because it generates half the carbon dioxide (CO2) of coal when burned. However, natural gas that is leaked into the atmosphere could speed global warming and climate change. That's because its primary component, methane, is a much more powerful greenhouse gas than CO2. Understanding the leakage r ... read more


OIL AND GAS
New Zealand breaks renewable energy record

Energy company Eneco is heating homes with computer servers

Polish Power Exchange hosts 18th AFM Annual Conference

Reducing emissions with a more effective carbon capture method

OIL AND GAS
New technology converts packing peanuts to battery components

Using magnetic fields to understand high-temperature superconductivity

Bacteria can use magnetic particles to create a 'natural battery'

Superconductivity breakthroughs

OIL AND GAS
Do biofuel policies seek to cut emissions by cutting food

Algae from clogged waterways could serve as biofuels and fertilizer

New yeast strain to enhance biofuel and biochemical production

Weltec Biopower Builds 500-kW Biogas Plant for Vegetable Producer

OIL AND GAS
Atomic Experts to Visit Fukushima in April to Check Contaminated Water

Japan's NRA confirms fault line under nuclear reactor on west coast active

Jordan, Russia ink deal on nuclear reactor plant

N. Korea denies hacking nuclear plants in South

OIL AND GAS
'Ice vault' idea to keep climate's time capsule intact

Thirty European cities pledge to slash emissions

As lakes become deserts, drought is Iran's new problem

Top China weather expert warns on climate change

OIL AND GAS
Ford to relaunch Lincoln Continental in US, China

Tesla's Musk says to 'localise' China output: Xinhua

Tesla shares jump on Musk 'tease' in tweet

Electric vehicles may be more useful than previously thought

OIL AND GAS
US launches Tikrit air strikes to support Iraqi forces: officials

Iraq vows to bring is own rights violators to justice

US mulls air strikes on Tikrit, aids Iraqis with 'eye in the sky'

Obama to host Iraq PM on April 14: White House

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.