Texas oil | AEIdeas

Thursday, May 23, 2013

Shale oil boom brings life back to a Texas town and railroad

Mark J. Perry | April 30, 2013, 2:03 pm

From today’s WSJ comes this story (and video above) about how the shale oil boom in West Texas is breathing life back into the small town of Barnhart, and has revived a local railroad line that almost died a decade ago: Hydraulic … read more >

Carpe Diem

The meteoric rise in Texas oil output continues and is one of the most remarkable energy success stories in US history

Mark J. Perry | April 29, 2013, 8:50 pm

The Energy Information Administration released new US crude oil production data today for the month of February by state, and one of the highlights of the monthly update is that oil output in America’s No. 1 oil-producing state – Texas … read more >

Carpe Diem

Energy fact of the day: Eagle Ford Shale sets oil production record in February, with a 74% increase from a year ago

Mark J. Perry | April 22, 2013, 6:08 pm

Bloomberg — “Oil production in Texas’s Eagle Ford shale formation reached an all-time high in February as it climbed 74 percent compared with a year earlier. “The nine geographic fields that make up the majority of Eagle Ford yielded 471,258 … read more >

Carpe Diem

Economic fact of the day: Thanks to shale oil boom, Midland, Texas has lowest metro jobless rate in US at 3.2%

Mark J. Perry | April 10, 2013, 10:55 am

The BLS released data today on Metropolitan Area Employment and Unemployment for the month of February. Of the 372 metro areas in the US, the lowest February jobless rate was recorded in Midland, Texas at 3.2%, which also recorded the largest year-over-year … read more >

Carpe Diem

Exponential increases in Texas oil output are translating into record increases in shovel-ready jobs: 4,000 a day in February

Mark J. Perry | March 30, 2013, 11:42 pm

The Texas Workforce Commission reported yesterday that the state added an eye-popping 80,600 jobs during the month of February, at a rate of more than 4,000 new jobs every business day of the month. That’s the highest monthly employment gain for … read more >

Carpe Diem

‘Saudi Texas’ produces almost one-third of America’s crude oil, and as a separate country would rank #13 in the world

Mark J. Perry | March 28, 2013, 11:33 pm

The Energy Information Administration released new data today for US oil production by state for the month of January, and its report showed that “Saudi Texas” produced an average of 2.26 million barrels per day (bpd) in January, the highest … read more >

Carpe Diem

‘Windfall oil and gas tax revenues’ in Texas contribute to a $8.8 billion ‘windfall’ state budget surplus

Mark J. Perry | March 17, 2013, 4:08 pm

Oil and gas production taxes from areas like the Eagle Ford Shale have pumped billions into the Texas state coffers in the past two years. Natural gas producers paid $2.6 billion in state taxes during the last two-year budget cycle — up … read more >

Carpe Diem

Some updates on America’s amazing energy revolution

Mark J. Perry | March 13, 2013, 11:16 pm

1. The Department of Energy reported today that the US produced an average of 7.16 million barrels of oil per day (bpd) last week. That’s the highest level of domestic oil output in any week since early July 1992, more than 20.5 … read more >

Carpe Diem

Exponential growth in ‘Saudi Texas’ oil; output has doubled over last 3 years and completely reversed a 23-year decline

Mark J. Perry | February 27, 2013, 9:22 pm

The Energy Information Administration released new data today for US oil production by state through the end of last year, and its report showed that “Saudi Texas” produced an average of 2.22 million barrels per day (bpd) in December, the highest average … read more >

Carpe Diem

The amazing increase in Texas oil – output has doubled over the last three years and completely reversed a 22-year decline

Mark J. Perry | February 1, 2013, 10:29 pm

The Energy Information Administration released new data on Friday for US oil production by state, and reported that “Saudi Texas” produced an average of 2.139 million barrels per day (bpd) in November, the highest monthly output since February 1987, more than … read more >