| Page 1 The current price of West Texas Intermediate (WTI) crude oil today is $60. As 2026 fast approaches, the following numbers are a snapshot of what the BloombergNEF Commodities, Energy and Environmental Markets teams think will be the most important topics to watch. Texas Drilling offers insight into the Texas oil and gas business. 2 days ago · Oil prices crept higher on Tuesday, with Brent and WTI both climbing as traders weighed a messy mix of geopolitics, supply disruptions, and macro tailwinds that all pointed in… Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U. and Canadian rig count and drilling data, and use Oilprice. Perdido extracts oil from 35 subsea wells, of which 22 lie beneath the spar, while 13 wells are located eight miles west of the platform. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production growth remained May 12, 2025 · Falling oil prices and concerns about supply disruptions due to US sanctions have prompted Chinese majors to aggressively increase their onshore oil inventories. Jun 3, 2024 · Texas has ‘the most aggressive’ program to plug oil wells in the U. com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province. Jan 15, 2026 · Efforts by the Trump administration to push more Venezuelan oil onto the global market, with the goal of lowering prices, are creating concern in West Texas, where producers say cheaper oil threatens drilling, jobs and local business activity, according to a new report from the Wall Street Journal. Originally one of the largest suppliers of oil to the United States, [4] import of Venezuelan crude oil has dropped significantly due to compounding sanctions from the United States government, starting in 2014 and all but ceasing oil trade by 2025. Invest in lucrative Texas oil leases today and maximize ROI. Mar 26, 2025 · Activity in the oil and gas sector increased slightly in first quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey. Each barrel sold for at least $70, bringing profits and momentum PetroSkills provides comprehensive oil and gas training around the world. The Oil and Gas Well Records can be searched by key fields or full text and will include applications to drill, oil and gas completion reports, plugging reports, producer's transportation authority and miscellaneous records from 1981 to present. Jul 28, 2025 · U. Jun 14, 2025 · Beyond oil, China dominates Venezuela’s mining sector, especially in rare minerals like cassiterite. Now researchers have documented wells releasing dangerous amounts of hydrogen sulfide gas. Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. After COVID-19 tanked oil prices, Texas’ oil and gas industry rebounded. Suddenly, oil blew out of its well in a massive eruption that towered 200 feet in the air and sprayed the fearful villagers of La Rosa. inventories. Jan 15, 2026 · Commodity markets have had a turbulent year with sanctions, wars and new administrations rewiring markets. The East Texas Oil Field is a large oil and gas field in east Texas. Browse vetted listings, detailed production data, and connect with sellers. 2 days ago · Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. com offers real-time oil prices for over 150 global crude blends and indexes, with live charts, comparisons, and smart analytical tools used worldwide. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below. The indexes for prior months are available on microfiche in Central Records. The index is updated on a monthly basis. remaining the largest consumer. Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits. These are connected via a 44 kilometre (27 mile) network of pipelines on the ocean floor to the manifold below the platform, where the oil is pumped upwards in five flexible pipes called risers. The Oil Leases and Gas Wells by District and Operator Indexes are provided in Adobe Acrobat format (PDF format). Well Records - Online Oil and gas well records are available online. The Oil Leases and Gas Wells by District and Operator Index Archives begins with the April 2013 Index. [1]. m. Regulators say they need more money to address the problem. Energy news covering oil, petroleum, natural gas and investment advice Oilprice.

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