News

Texas Oil Is Booming

Monday, April 03, 2017

Texas Oil Is Booming

Texas likes to do things big, and our oil industry is no exception. Like other oil-producing states, Texas was impacted when the downturn hit the oil and gas industry. Now, as we head into 2017, the oil market is booming once again. One common measurement of...

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Oil Prices in a Spin Following OPEC Deal

Monday, December 05, 2016

Oil Prices in a Spin Following OPEC Deal

  What in the world is going on with oil prices right now? That’s what many industry analysts are asking in light of a deal that was struck by OPEC recently. According to the terms of that deal, OPEC members have decided to cut the production...

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What Does Trump’s Election Forecast for Oil?

Tuesday, November 15, 2016

What Does Trump’s Election Forecast for Oil?

  Now that Donald Trump has been elected to be the next president of the United States of America, there are many people who work within the natural gas and oil industry who are excited to see what the future might hold for them. Oil prices have...

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Efficiency Is Driving Oil Industry Forward

Thursday, October 27, 2016

Efficiency Is Driving Oil Industry Forward

  The price of crude oil has dropped dramatically over the course of the last decade. Back in 2008, a barrel of oil cost more than $150, but in recent years, the cost has plummeted, and has been between $40 and $50 per barrel for the...

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Oil Rises Above $50 Riding Promise of OPEC Deal

Monday, October 10, 2016

Oil Rises Above $50 Riding Promise of OPEC Deal

It has been a roller coaster ride for everyone involved with or invested in the oil industry this year. Oil prices have dropped as low as $27 per barrel earlier this year, about one-fourth of the price...

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New Oil Reserve Could Hold 2B Barrels of Oil

Tuesday, September 20, 2016

New Oil Reserve Could Hold 2B Barrels of Oil

There are plenty of stories about oil fields in the news, but most of them concern well-known fields. Houston-based Apache Corporation, however, recently announced its discovery of a significant oil and gas resource play in West Texas. ...

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US Production Poised to Grow

Wednesday, August 17, 2016

US Production Poised to Grow

Amid ongoing news of low and stagnant oil prices, it is easy to assume that U.S. oil production will also remain in a slump. A recent analysis by Forbes reaches a different conclusion, however. That report actually forecasts that U.S. production is poised to grow...

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Industry Analysts Predict Oil Markets to Remain Flat

Wednesday, August 10, 2016

Industry Analysts Predict Oil Markets to Remain Flat

Oil prices have kept investors and oil companies on edge over the past months. Prices, while still volatile, have at least been climbing recently. The worst may be over for now, but industry analysts are still predicting that oil markets will remain flat for quite...

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While Oil Has Slumped, Oil Technologies Have Boomed

Monday, June 27, 2016

While Oil Has Slumped, Oil Technologies Have Boomed

There is a saying that a crisis is too good a thing to waste. That’s been true these days of the oil industry, which has taken the downturn in oil prices as a way to push operational efficiencies and new technologies to improve how they...

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No Changes Planned at OPEC Meeting

Tuesday, June 14, 2016

No Changes Planned at OPEC Meeting

The 13 members of OPEC decided against making any policy changes during its most recent meeting earlier this month, dismissing calls from some members to institute a production cap in an effort to get oil prices to climb once again. Instead, OPEC members will continue to...

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