Crude oil price decreased from $106.07 per barrel in June 2014 to $98.23 per barrel in July 2014. Natural gas price went down from $4.39 per million BTU (one million BTU is approximately 974 cubic feet) in June 2014 to $3.78 per million BTU in July 2014.
Texas crude oil production for May 2014 was 66,235,787 barrels, down from 66,731,327 barrels reported in April 2014. Texas natural gas production was 617,988,757 Mcf (thousand cubic feet) of gas in May 2014, up from the April 2014 gas production total of 624,551,008 Mcf.
The oil and gas extraction industry in Texas gained 2,500 jobs from April 2014 to May 2014. Compared to May 2013, the cumulative number of jobs added in this industry is 9,700, an increase of 9.4%.
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
SolarWorld looks to close alleged loopholes in tariffs against Chinese solar manufacturers
The New York Times reports that SolarWorld, a major maker of solar panels, is asking the Commerce Department to impose new duties on imported modules made of certain components from China or Taiwan.
Learn more about the complaint and the US agency responsible for pursuing it (USIT.gov): (Google Search)
Zuckerman’s Frackers presents a balanced, informative and detailed insights into the industry.
Frackers is a lively but informative book about the recent development of the hydro fracturing industry. The stories focus mainly on developments from 1990 to 2013. Zuckerman provides the necessary detail to get the reader to be able to understand the technology without boring them to death. The fast moving biographical sketches of some of the key figures, such as George Mitchell, makes the tale interesting on a personal level. Zuckerman does all this without editorializing (until the end of the book which is an optional read). Great book for anyone interested in learning about the fracking industry.
Sweetwater, Texas gets ready for drillers
Austin American Statesman: http://www.mystatesman.com/news/news/opinion/as-shale-oil-drilling-draws-closer-sweetwater-lead/ncPNX
Sweetwater Economic Development: http://www.sweetwatertexas.net/cline-shale-oil-play
City of Fort Worth sues driller over natural gas royalties
City of Fort Worth hires the well know Fort Worth law firm of Cantey Hanger to pursue royalty lawsuit.
