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Crude Oil Pricing Can Be Confusing #OilmanNEWS 2017 July-August Alex Mills Contributors 

Crude Oil Pricing Can Be Confusing

The factors contributing to the price of crude oil have confused many seasoned observers for years. Generally, supply and demand have been the most important considerations. For example, when there is an oversupply, prices decline, which increases demand and consumption. When demand increases and the oversupply turns into a shortage, prices increase, resulting in a decline in consumption, and the... Read More
Texas oil and gas expansion frustrates OPEC production cuts #OilmanNEWS Alex Mills Contributors 

Texas oil and gas expansion frustrates OPEC production cuts

WICHITA FALLS—Upstream oil and gas development in Texas rallied for the fifth straight month in April, according to the Texas Petro Index, which improved to 164.3 to post its first year-over-year increase in 27 months. Among TPI indicators logging big year-over-year gains in April were wellhead prices for crude oil and natural gas, the number of drilling rigs at work,... Read More
Volumes Of Federal Regulations Set Record In 2016 #OilmanNEWS 2017 July-August Alex Mills Contributors 

Volumes Of Federal Regulations Set Record In 2016

Regulations are a burden on consumers, businesses, and the economy, according to a new study by the Competitive Enterprise Institute entitled “Ten Thousand Commandments.” The financial burden has become so large — $1.9 trillion annually for regulatory compliance and economic impact — that if U.S. regulations were a country, it would be the world’s seventh-largest economy, ranking behind India and... Read More
Service And Supply Companies On The Rebound #OilmanNEWS 2017 July-August Alex Mills Contributors 

Service And Supply Companies On The Rebound

While the exploration-and-production sector of the oil and gas industry has drawn most of the media attention recently, the service and supply sector has been making a comeback from the painful downturn of 2015 and 2016. Bank of America Merrill Lynch conducted a survey recently and found that the increase in activity has tightened access to oilfield services, equipment, and... Read More
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