Drilling permits almost double since last year

February 13, 2017

The Railroad Commission of Texas (Commission) issued a total of 956 original drilling permits in January 2017 compared to 510 in January 2016.

The January total included 865 permits to drill new oil or gas wells, 12 to re-enter plugged well bores and 79 for re-completions of existing well bores.

The breakdown of well types for those permits issued January 2017 included 259 oil, 67 gas, 607 oil or gas, 18 injection, one service and four other permits.…

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US stock indexes edge higher in morning trading; oil rises

January 24, 2017

Materials companies led U.S. stock indexes slightly higher in morning trading Tuesday as investors sized up the latest round of company earnings news. Energy stocks also rose as crude oil prices headed higher. Phone companies and health care stocks were among the biggest laggards.

KEEPING SCORE: The Dow Jones industrial average rose 50 points, or 0.3 percent, to 19,850 as of 11:19 a.m.…

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Trump to take executive action advancing oil pipelines

January 24, 2017

WASHINGTON (AP) — President Donald Trump is expected to take executive action to advance construction of the Dakota Access and Keystone XL oil pipelines.

That’s according to a person with knowledge of the action. The president is scheduled to sign orders at the White House late Tuesday morning.

The Army decided last year to explore alternate routes for the Dakota Access pipeline after the Standing Rock Sioux tribe and its supporters said the pipeline threatened

drinking water and Native American cultural sites.…

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Sen. Perry earns key appointments

January 23, 2017

Lt. Governor Dan Patrick chose State Senator Charles Perry to once again Chair the Senate Committee on Agriculture, Water, and Rural Affairs. Additionally, Perry was named a member of the Committee on Transportation, the Committee on Health and Human Services and the Committee on Criminal Justice.

“I am honored that the Lt.…

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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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