Tag: Oil

Crude oil prices and natural gas prices decreased from September to October

prices_2014_10Crude oil price decreased from $91.17 per barrel in September 2014 to $80.53 per barrel in October 2014. Natural gas price went down from $4.14 per million BTU (one million BTU is approximately 974 cubic feet) in September 2014 to $3.76 per million BTU in October 2014.

production_2014_08

Texas crude oil production for August 2014 was 69,204,407 barrels, down from 73,329,467 barrels reported in July 2014. Texas natural gas production was 621,505,586 Mcf (thousand cubic feet) of gas in August 2014, down from the July 2014 gas production total of 662,617,068 Mcf.

Sources: eia.gov, rrc.state.tx.us

Texas oil and gas extraction jobs decreased by 0.3% from August 2014 to September 2014

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The oil and gas extraction industry in Texas lost 300 jobs from August 2014 to September 2014. Compared to September 2013, the cumulative number of jobs added in this industry is 8,100, an increase of 7.7%.

Source: http://www.tracer2.com/admin/uploadedPublications/2120_TLMR-October_14.pdf

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

Crude oil prices decreased while natural gas prices increased from July to August

prices_2014_08

Crude oil price decreased from $98.23 per barrel in July 2014 to $97.86 per barrel in August 2014. Natural gas price went up from $3.78 per million BTU (one million BTU is approximately 974 cubic feet) in July 2014 to $4.04 per million BTU in August 2014.

production_2014_07

Texas crude oil production for July 2014 was 69,573,013 barrels, down from 70,108,403 barrels reported in April 2014. Texas natural gas production was 632,494,096 Mcf (thousand cubic feet) of gas in July 2014, down from the June 2014 gas production total of 639,345,631 Mcf.

Sources: eia.gov, rrc.state.tx.us

Texas oil and gas extraction jobs decreased by 0.6% from July 2014 to August 2014

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The oil and gas extraction industry in Texas lost 700 jobs from July 2014 to August 2014. Compared to August 2013, the cumulative number of jobs added in this industry is 8,500, an increase of 8.0%.

Source: http://www.tracer2.com/admin/uploadedPublications/2119_TLMR-September_14.pdf

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

Texas hydro-fracturing job openings decreased from May 2014 to June 2014

petroleum engineer The number of job openings in Texas for “petroleum engineers” and “geological and petroleum technicians” decreased from 640 in May 2014 to 622 in June 2014, while the searcher-to-job opening ratio increased from 0.90 to 1.4 in the same span.petro_engineer_2014_06 The number of job openings in Texas for “derrick operators” and “roustabouts” decreased from 283 in May 2014 to 270 in June 2014, while the searcher-to-job opening ratio increased from 2.63 to 3.01 in the same span. roustabout_2014_06

Image source: http://wonderfulengineering.com/what-is-petroleum-engineering/.

Both Crude Oil and Natural Gas Prices Decreased from June 2014 to July 2014

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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.

production_2014_05

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.