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Apr. 24—March was a very healthy month for oilfield hiring in Texas and the Permian Basin Petroleum Association and Texas Oil & Gas Association say it bodes well for the future. "The oil and gas ...
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Aug. 8—If the energy industry would quit firing all its employees at the first sign of a slump, it wouldn't be so hard to get going again when oil and gas prices rebound. That's the observation ...
Several events in the 19th century have been regarded as a beginning of oil-related growth in Texas, one of the earliest being the opening of the Corsicana oil field in 1894. [5] Nevertheless, most historians consider the Spindletop strike of 1901, at the time the world's most productive petroleum well ever found, to be the beginning point.
The state of Louisiana issued its first offshore oil and gas lease in 1936, and the following year the Pure Oil Company discovered the first Louisiana offshore oil field, the Creole Field, 1.2 miles (1.9 km) from the shore of Cameron Parish, from a platform built on timber pilings in 10-to-15-foot-deep (3.0 to 4.6 m) water.
Texas is the biggest producer of fossil fuels in the United States, account for 41% of crude oil production, 25% of natural gas, and 31% of refining capacity. [ 1 ] Formed in 1919, the association had 5000 members as of 2020 [update] .
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
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