A new report from the Texas Oil & Gas Association (TXOGA) finds that oil and natural gas operators in Texas paid roughly $30 million per day in state and local taxes and royalties during the 2017 fiscal year. All told, oil and gas contributed $11 billion in revenue to the state and local governments – an increase of 17 percent from 2016 – thanks to record oil and gas production.  

Osamu Tsukimori | Reuters | February 26, 2018

TOKYO (Reuters) - The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets.

Mark J. Perry | American Enterprise Institute | February 9, 2018

There are only five countries in the world that produced more crude oil in October 2017 (most recent month available for EIA international oil production statistics) than the state of Texas (data here): Russia, Saudi Arabia, Iraq, Iran, and Canada. Therefore, if Texas was considered as a separate nation, it would be the world’s sixth-largest oil producer.

Valerie Volcovici | Reuters | February 12, 2018

WASHINGTON - The Trump administration’s infrastructure proposal released on Monday would speed up the permitting of U.S. natural gas pipelines, including by cutting Congress out of the process for allowing them to cross national parks.

Oil & Gas Investor | February 12, 2018

Texas oil and gas producers received 1,166 drilling permits last month, a 21% increase over year-ago levels, the state energy regulator said Feb. 9, after filings surged on the back of higher crude prices.

Reuters | February 6, 2018

NEW YORK - U.S. oil production is expected to surpass 11 million barrels per day in late 2018, a year earlier than projected last month, the U.S. Energy Information Administration said on Tuesday.

Methane emissions from venting and flaring during petroleum production declined by 40 percent between 2015 and 2016, according to a new draft report from the. U.S. Environmental Protection Agency.

The U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2018 today, forecasting significant growth in U.S. oil and natural gas production driven by shale development. In fact, shale development has increased production so substantially that the agency predicts the United States to be a net energy exporter by 2022 – four years earlier than forecast in EIA’s previous Annual Energy Outlook.