#OilmanNEWS 2017 September-October Alex Mills Contributors 

Oil, Gas, Coal Dominate U.S. Energy Mix

Even though renewable energy has been the darling of state and federal governments for more than a decade, the old fossil fuels—oil, natural gas and coal—continue to generate most of America’s energy. Fossil fuels have provided more than 80% of total U.S. energy consumption for more than 100 years, according to the Energy Information Administration (EIA). EIA released a report… Read More
Oil and Gas Activity Continues to Expand #OilmanNEWS 2017 September-October Alex Mills Contributors 

Oil and Gas Activity Continues to Expand

Oil and gas activity in Texas increased for the sixth consecutive month in May, increasing 5.7 percent over a year ago, according to the latest Texas Petro Index (TPI) released today. All leading TPI indicators registered year-over-year gains in May, with the rig count and well-permitting activity both notching sharp increases. The TPI increased 9.1 points from 159.8 in May… Read More
#OilmanNEWS 2017 September-October Alex Mills Contributors 

President Trump Holds Energy Week

President Donald J. Trump gets it.  He understands that domestic energy creates power; power not only to heat and cool our homes and fuel our transportation needs, but power to ignite America’s economy and increase our national security. The White House kicked off “Energy Week” on June 26, Monday, and the administration’s energy priorities were center stage. Energy Secretary Rick… Read More
#OilmanNEWS 2017 July-August Alex Mills Contributors 

Decline In Gasoline Prices Has Motorists Smiling

Although the average price for a gallon of gasoline in Texas averaged $2.11 for the week ending June 16, according to the Energy Information Administration (EIA), gasoline prices dropped below $2 in many locations across Texas. The national average was $2.318, a decrease of $0.048. California had the highest price at $2.996. Diesel prices averaged $2.489 in the U.S., with… Read More
#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
#OilmanNEWS 2017-May-June Alex Mills Contributors 

Texas Oil and Gas Expansion Frustrates OPEC Production Cuts

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, well-permitting… Read More
#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
#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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