Oil Slick Stuff

Sort by newest Sort by date
US now pumping 10 percent of the world’s crude

Posted on March 26, 2014 at 11:40 am by Emily Pickrell

HOUSTON — Boosted by the galloping pace of tight oil operations, the United States produced a tenth of the world’s oil at the end of last year, the Energy Information Administration reports.

Overall U.S. oil production averaged 7.84 million barrels a day in the fourth quarter of 2013, 10 percent of the world production, up from 9 percent at the end of 2012. Shale and other dense rock, newly accessible because of advancements in hydraulic fracturing and horizontal drilling, accounted for 3.22 million barrels of the U.S. daily average during the three months ending Dec. 31
Click to expand...
 
Energy boom spurs growth west of the Mississippi

By JESSE J. HOLLAND

WASHINGTON (AP) — America's cities are still growing, with the population boom fueled by people picking up and moving to find jobs in energy production across the oil- and gas-rich areas west of the Mississippi River.

New 2013 census information released Thursday shows that cities are the fastest-growing parts of the United States, and a majority of the metro areas showing that growth are located in or near the oil- and gas-rich fields of the Great Plains and Mountain West.
Neighboring cities Odessa and Midland, Texas, show up as the second and third fastest-growing metro areas in the country. Sara Higgins, the Midland public information officer, has a simple explanation: oil. "They're coming here to work," Higgins said.
Energy production is one of the fastest-growing industries in the United States, the Census Bureau said. The boom in the U.S. follows the use of new technologies, such as hydraulic fracturing and horizontal drilling, to tap oil and gas reserves.
Click to expand...

http://news.yahoo.com/energy-boom-spurs-growth-west-mississippi-040425876.html
 
[h=1]Economists: Texas economy strong, getting stronger[/h] [h=2]Economists: Texas economy completely recovered from recession, getting stronger[/h] By Chris Tomlinson, Associated Press





"The Texas economy is on the same trajectory that we've been on as we've recovered from recession and entered into a phase of expansion," he told the House Business and Industry Committee. "We've recovered much more robustly and have moved on. Other states are still trying to recover."

Oil and gas production has doubled over the last six years and the state's rainy day fund will have $8 billion at the end of the 2014-2015 budget year, even if voters in November approve using $4 billion of that fund for roads and highways, Heleman said.
Click to expand...

http://news.yahoo.com/economists-te...DMTBsNGg1aHNnBGNvbG8DYmYxBHBvcwM0BHNlYwNzcg--
 
GO TEXAS:D California is not the place to be. Load up you bags and come live near me. Well many retiring from Silicon Valley are moving to Las Cruces NM.
 
[TABLE="class: tablewrapper"]
[TR]
[TD="colspan: 2"][/TD]
[/TR]
[TR]
[TD]
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]
Economic Calendar - Bloomberg

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 4/2/2014 10:30:00 AM For wk3/28, 2014
[/TD]

[TD="class: actual_consensus_box_numbers"]6.6 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -2.4 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-5.1 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -1.6 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]1.6 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 0.6 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
 
You must log in or register to reply here.
Back
Top