Archives for 2016
Texas drillers added jobs in July for first gain in 19 months
Rigs aren’t alone in the long trek back to the Texas oil patch. Drillers across the state added about 100 new jobs in July, the first monthly gain since the Texas energy industry’s employment figures...
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Oil ends slide on Putin freeze comments
Oil snapped four days of declines as Vladimir Putin said he’d like Russia and OPEC to reach an oil output freeze apart from Iran. Futures gained 3 percent in New York. The Russian president said...
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Oil rig count sees small hike despite rigs evacuating the Gulf
The net gain for the amount of rigs actively drilling is eight rigs — including the addition of one inland waters rig — with seven of the net additions drilling for natural gas and one...
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Gasoline prices for Labor Day weekend are cheapest in 12 years
The national average for a gallon of regular unleaded gasoline is sitting between $2.21 and $2.22 on Friday, while the Houston-area average is just $2.02, according to estimates from AAA and GasBuddy.com, which track gasoline...
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Want a good investment? Try sand
Sand is a big issue in horizontal drilling. And analysts are predicting it’s soon going to be a bigger one. Drillers shoot millions of gallons of water into horizontal wells to fracture the rock and...
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