Statistics in the Energy Industry
Zero Barnett Shale Rigs Working
The number of rigs currently searching for Barnett Shale natural gas has plummeted to zero. We can’t remember when no rigs have been working in the Barnett. The days of $13.00 per MMBtu natural gas have been over since 2008. With current gas prices near $2.00 per MMBtu, it may be a long time before [&hellip
Texas Rig Count, Production & Storage
Texas Rig Count, Production & Storage According to the Texas Railroad Commission, the Texas average rig count as of 13 February 2015 was 598, representing about 46 percent of all active land rigs in the United States according to Baker Hughes. The Railroad Commission reports that in the last 12 months, total Texas reported production [&hellip
Dropping Drill Permit Count
U.S. crude oil prices have dropped more than 50% in the last two months. At the close of business on Monday, January 5, 2015, the NY Mercantile futures prices closed at $50.04 per barrel, with the posted WTI Sweet price at $46.25. The result was as expected in the number of approved drilling permits published [&hellip
Permian Basin Drilling Permits
Can it get any busier in the Permian Basin? If you haven’t noticed the Midland/Odessa housing shortage, low employment rates, crazy traffic, long lines at restaurants, and the overall pace of the oil & gas industry, you must not live or work here. Here at WellReports.com, we know quite well what’s going on. When Keith Anderson, [&hellip
Bureau of Land Management Statistics on Federal Lands for FY 2013
Total # of Leases in Effect: 48,699 Total # of Acres Leased: 37,792.212 Total # of New Leases Issues this Year: 1,729 Total # of Acres Leased this Year: 1,752,060 Total # of Producing Leases on Fed Lands: 23,306 Total # of Producing Acres on fed Lands: 12,512,974 Total # of APDs approved this Year on Fed Lands: 4,256 Total # of Wells [&hellip
Water Usage in Texas
According to the Texas Water Development Board, water usage averages the following: Irrigation – 61% Municipal – 27% Manufacturing – 6% Steam Electric – 3% Livestock 2% Mining (Oil & Gas Fracking) – 1%
Railroad Commission of Texas News Release
MAY PERMITS TO DRILL – The Commission issued a total of 1,931 original drilling permits in May 2013 compared to 2,530 in May 2012. The May total included 1,727 permits to drill new oil and gas wells, 33 to re-enter existing well bores, and 171 for re-completions. Permits issued in May 2013 included 582 oil, [&hellip