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Chairman Conaway Announces New and Returning Agriculture Committee Republican Members

January 17, 2017

House Agriculture Committee Chairman K. Michael Conaway (R-TX) issued the following statement in response to the House Steering Committee’s recommendation of six new members to serve on the Agriculture Committee.

“This is a great group of incoming and returning members, both for the Agriculture Committee and the Republican conference as a whole.…

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Burrows files bills for 85th session

January 11, 2017

The 85th Legislature convened Tuesday and according to preliminary budget numbers, things might get tight.

State Rep. Dustin Burrows (R-Lubbock) told the Brownfield News prior to the session that he was eager to get to work for his constituents, which includes the citizens of Brownfield and Terry County.

“This will be my second session and I can say there was definitely a learning curve the first time,” he said.…

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US stock indexes move higher in morning trading; Oil rises

December 27, 2016
Technology and health care companies helped lift U.S. stocks higher in morning trading Tuesday, nudging the Dow Jones industrial average closer to crossing the 20,000-point mark. Utilities and real estate stocks headed lower. Oil prices were moving higher. A key gauge of housing values showed U.S. home prices increased again in October.KEEPING SCORE: The Dow Jones industrial average added 33 points, or 0.2 percent, to 19,967 as of 11 a.m.…

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November Oil and Gas Statistics

December 12, 2016

The Railroad Commission of Texas (Commission) issued a total of 673 original drilling permits in November 2016 compared to 687 in November 2015. The November total included 581 permits to drill new oil or gas wells, 10 to re-enter plugged well bores and 82 for re-completions of existing well bores. The breakdown of well types for those permits issued November 2016 included 145 oil, 38 gas, 449 oil or gas, 36 injection, zero service and five other permits.…

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September Oil Stats

December 7, 2016

Production for September 2016 as reported to the Railroad Commission of Texas is 71,404,018 barrels of crude oil and 561,242,466 mcf (thousand cubic feet) of total gas from oil and gas wells.

These preliminary figures are based on production volumes reported by operators and will be updated as late and corrected production reports are received.…

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US stocks are mixed on Wall Street as oil price slumps

December 6, 2016

NEW YORK (AP) — Stocks are wavering between small gains and losses in morning trading on Wall Street Tuesday. Energy companies slumped as the price of crude oil turned lower after a four-day rally. The Dow Jones industrial average slipped after setting a record high close the day before.

KEEPING SCORE: The Dow lost 15 points, or 0.1 percent, to 19,201 as of 11:10 a.m.…

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Trump says cancel new Air Force One: Costs ‘out of control’

December 6, 2016

NEW YORK (AP) — The government should cancel its multibillion-dollar order for new Air Force One presidential planes, Donald Trump declared Tuesday, serving notice he’s ready to jump in and start making decisions six weeks before his inauguration.

Costs for the two Boeing 747s are “totally out of control,” Trump told reporters in the lobby of his New York skyscraper.…

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BP to push ahead with big oil project in the Gulf of Mexico

December 2, 2016

HOUSTON (AP) — BP PLC is moving ahead with a $9 billion oil project in the Gulf of Mexico after a cost-cutting redesign, a sign of confidence about future prices for crude.

The UK-based oil giant announced it would continue with the second phase of its Mad Dog project off the Louisiana coast just a day after OPEC ministers agreed to cut production, a move that sparked a rally in oil prices.…

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US rig count up 4 this week to 597; Texas adds 7

December 2, 2016

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by four this week to 597.

A year ago, 737 rigs were active. Depressed energy prices have curtailed exploration, although the rig count has been rising in recent weeks.

Houston oilfield services company Baker Hughes Inc.…

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Trump team says he backs disputed Dakota Access oil pipeline

December 2, 2016

WASHINGTON (AP) — President-elect Donald Trump supports completion of the disputed Dakota Access oil pipeline in the Midwest, a policy that a spokesman says is not related to Trump’s investments in a partnership building the $3.8 billion pipeline.

Spokesman Bryan Lanza says in a memo to supporters Trump’s backing for the pipeline near a North Dakota Indian reservation “has nothing to do with his personal investments” and is based on policy.…

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