Tag: December
Texas drilling, completions statistics for December 2016
Texas rig count as of Jan. 6 was 327, representing 49% of all active rigs in US AUSTIN –The Railroad Commission of Texas issued a total of 1,009 original drilling permits in Dec. 2016 compared to 727 in Dec. 2015. The Dec. total included 909 permits to drill new oil or gas wells, 17 to […]
Demand for petroleum rose in Dec., highest in 5 years – API
Crude oil stocks at highest inventory level for Dec. since 1930 Total petroleum deliveries, a measure of consumer demand, in Dec. rose by 1.1 per cent from Dec. 2014 to average nearly 19.7 million barrels per day, according to API’s Monthly Statistical Report for Dec. 2015. These were the highest Dec. deliveries in five years. “Low […]
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