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Articles Posted in Oil and Gas News

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No Oil Price Relief for Texas Royalty Owners

Texas royalty owners have sure taken a licking this year. Unfortunately, it’s probably going to get worse before it gets better. Moody’s Investor’s Service recently lowered its estimates for future average 2015 prices of Brent crude to $55 per barrel, and of West Texas Intermediate (WTI) crude to $50 per barrel.…

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New Oil and Gas Drilling Technology in Texas: The Pros and Cons of “Zipper Frac”

There is a new technology developed by Texas Tech University called “zipper frac.” It is a hydraulic fracturing process, which serves to fracture the subterranean rock formations by using pressurized liquid. Texas Tech University modified the original technique. As the zipper frac process commences, it creates the fractures, or splintering,…

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Another Oil Company Expands in the Texas Permian Basin

Parsley Energy Inc., based in Midland, Texas, has been buying undeveloped and productive land in Reagan County. Parsley Energy is an independent oil and natural gas company founded in 2008 with operations in the Permian Basin. The company develops unconventional oil and gas reserves. It has grown exponentially in the…

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USW Strikes at Oil Refineries: The Worst Possible Timing

The number of U.S. refineries and petrochemical production plants that have been subjected to United Steelworkers strikes has now reached eleven locations in California, Kentucky, Texas and Washington. It’s hard to imagine a more outrageous case of bad timing. Let’s see: oil and gas are at their lowest prices in…

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