Texas crude is flowing at a blistering pace


New data from the U.S. Energy Information Administration points out that Texas produced more crude oil in September than it has in any month in 15 years. Texas was the top oil-producing state mentioned in the report, followed by North Dakota. Read about the development here:

http://www.bizjournals.com/houston/morning_call/2012/12/us-produces-most-barrels-of-oil-per.html?ana=e_hstn_rdup&s=newsletter&ed=2012-12-05

While it may have been difficult to fathom even a few short years ago, the U.S. will become the world’s top oil producer by 2017 and will become a net energy exporter in the coming decades, according to the International Energy Agency. Recent media accounts paint a rosy picture for domestic energy production.

Keep the good news coming. Continually emerging technologies that help producers build market share are great for North American economies and great for GOM support service contractors.

If you have a comment, question or suggestion for a future blog post, please let me know by email at editor@gomcmag.com.

 

 

 


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