Crude oil & natural gas prices see increase in July 2015

prices_2015_07

Crude oil prices decreased from $59.48 per barrel in June 2015 to $47.11 per barrel in July 2015. Natural gas prices also decreased from $2.80 per million BTU in June 2015 to $2.76 per million BTU in July 2015.

production_2015_07

Texas crude oil production for July 2015 was 80,379 barrels, up from 79,556 barrels reported in June 2015. Texas natural gas production was 682,723 Mcf (thousand cubic feet) of gas in July 2015, up from the June 2015 natural gas production total of 671,691 Mcf.

Source: EIA, Texas RRC

Texas oil and gas extraction jobs decreased by 0.9% from Aug to Sept

texas-oil-and-gas-imageThe oil and gas extraction industry in Texas lost 900 jobs from August 2015 to September 2015. Compared to September 2014, the cumulative number of jobs lost in this industry is 1,800, a decrease of 1.7%.

Source: http://www.tracer2.com/admin/uploadedPublications/2138_TLMR-Current_Edition.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/

Crude oil & natural gas prices see increase in May 2015

prices_2015_05

Crude oil prices increased from $59.62 per barrel in April 2015 to $60.25 per barrel in May 2015. Natural gas prices also increased from $2.56 per million BTU in April 2015 to $2.78 per million BTU in May 2015.

production_2015_05

Texas crude oil production for May 2015 was 75,309,757 barrels, down from 77,472,269 barrels reported in April 2015. Texas natural gas production was 639,101,169 Mcf (thousand cubic feet) of gas in May 2015, down from the April 2015 natural gas production total of 661,025,675 Mcf.

Source: EIA, Texas RRC

Texas oil and gas extraction jobs increased by 2.3% from May to June

texas-oil-and-gas-image

The oil and gas extraction industry in Texas gained 2,300 jobs from May 2015 to June 2015. Compared to June 2014, the cumulative number of jobs added in this industry is 1,100, an increase of 1.1%.

Source: http://www.tracer2.com/admin/uploadedPublications/2138_TLMR-Current_Edition.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/

Crude oil prices see increase while natural gas prices decrease in April 2015

prices_2015_04

Crude oil prices increased from $47.72 per barrel in March 2015 to $59.62 per barrel in April 2015. Natural gas prices went down from $2.65 per million BTU (one million BTU is approximately 974 cubic feet) in March 2015 to $2.56 per million BTU in April 2015.

production_2015_04

Texas crude oil production for April 2015 was 69,595,733 barrels, down from 80,526,870 barrels reported in March 2015. Texas natural gas production was 587,178,094 Mcf (thousand cubic feet) of gas in April 2015, down from the March 2015 natural gas production total of 676,256,565 Mcf.

Source: EIA, Texas RRC

Texas oil and gas extraction jobs increased by 0.5% from Feb to Mar

texas-oil-and-gas-image

The oil and gas extraction industry in Texas gained 500 jobs from February 2015 to March 2015. Compared to March 2014, the cumulative number of jobs added in this industry is 2,100, an increase of 2.1%.

Source: http://www.tracer2.com/admin/uploadedPublications/2133_TLMR-March_15.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/