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Hurricanes Present Huge Challenges To Petroleum Industry #OilmanNEWS 2017 November-December Alex Mills Contributors 

Hurricanes Present Huge Challenges To Petroleum Industry

Hurricane Harvey has presented a challenge for the petroleum industry’s efforts to continue to providing consumers with a safe, reliable, and affordable product during extremely difficult circumstances.  Even though the 50 inches of rain along the Gulf Coast caused some 13 refineries to temporarily cease operations, many are now back online. When Hurricane Harvey hit shore near Corpus Christi on... Read More
Hurricane Harvey Creates Pressure On Gasoline Supply #OilmanNEWS 2017 November-December Alex Mills Contributors 

Hurricane Harvey Creates Pressure On Gasoline Supply

Hurricane Harvey continues to unleash its wrath on the Texas and Louisiana coast, creating serious problems for energy consumers and producers. Since Aug. 25, Harvey’s high winds and heavy rains have caused the temporary closing of some oil and natural gas exploration and production in the Gulf of Mexico and onshore southern Texas, but the major problems have been associated... Read More
Oil Industry Celebrates Anniversary Of Oil Discovery #OilmanNEWS 2017 September-October Alex Mills Contributors 

Oil Industry Celebrates Anniversary Of Oil Discovery

America’s petroleum industry celebrates its 158th anniversary on Sunday. The American Oil and Gas Historical Society (AOGHS) reports that Seneca Oil Company hired former railroad conductor Edwin L. Drake to drill an oil well in Titusville, Pennsylvania, which produced oil on Aug. 27, 1859. The well was drilled to a depth of 69.5 feet, and it initially produced 25 barrels... Read More
Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded #OilmanNEWS 2017 September-October Alex Mills Contributors 

Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded

Sizable year-over-year improvements in the rig count, drilling permits, and the value of Texas-produced crude oil and natural gas, along with renewed industry employment growth combined to push the Texas Petro Index upward in July to 176.9, the eighth straight monthly increase since a punishing 24-month contraction, which ended in November 2016 with a revised TPI of 149.2.  (Monthly TPI... Read More
Public Schools, Universities Benefit From Oil, Gas Production #OilmanNEWS 2017 September-October Alex Mills Contributors 

Public Schools, Universities Benefit From Oil, Gas Production

Crude oil and natural gas production in Texas has increased dramatically, bringing a flood of new dollars into the Permanent University Fund (PUF) and the Permanent School Fund (PSF). Both funds were established by the Texas Constitution in 1876, and encompass state owned lands in West Texas. Any revenue earned from the land was designated to the PUF to fund... Read More
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