Friday, August 21, 2026

New Dallas Fed Data: Extraction Employment Growth Hits the Brakes, Drilling Activity Flattens, Permian DUC Count Rises

From the Federal Reserve Bank of Dallas The Federal Reserve Bank of Dallas has published its latest Energy Indicators report with pipeline constraints leading the news. Report follows. Pipeline limitations are driving down local prices for oil and natural gas, causing drilling activity to flatten and the inventory of uncompleted wells to rise in the Permian Basin. Texas mining employment

CU Denver Business School Study Itemizes $ Billions in Paychecks, Colorado Schools, Services from Oil & Gas Drilling and Production - Colorado Capitol - Oil & Gas 360

Anti- 97 Advertising Has Already Started in Colorado

2018 Colorado ballot initiative requiring 2,500-foot drilling setback, or higher, is in the state verification queue: 6 business days till verification deadline  Even though the Colorado Secretary of State hasn’t yet announced the signature verification count for initiative 97, which calls for a mandatory 2,500-foot setback for new oil and gas operations, advertising aimed at convincing voters not to vote

CU Denver Business School Study Itemizes $ Billions in Paychecks, Colorado Schools, Services from Oil & Gas Drilling and Production - Colorado Capitol - Oil & Gas 360

Extraction Oil & Gas: 84-Well Comprehensive Drilling Plan Approved by Broomfield, Colorado

After two years of public comment and revisions, Extraction will be allowed to drill in Broomfield–but will Colo. voters stop it in November with positive setback vote on 97? Extraction Oil & Gas (ticker: XOG) got the news this week that its Comprehensive Drilling Plan (CDP), dated July 27, 2018, was conditionally approved by the City and County of Broomfield,

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up. LinkedIn’s workforce report for June details a year-over-year rise in hiring of 5.2%. The report details the strong correlation between oil prices and hiring within the industry.

Russia's May oil output hits 11-month low on dirty oil crisis - Oil & Gas 360

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill may replace the Canadian Environmental Assessment Act of 2012 (CEAA 2012) with the Impact Assessment Act. McKenna claimed the new

Stalled Oil Job Recovery Leaves Many Knowledge-Based Oil Pros Jobless

Labor Department says only 6,000 jobs are back after 60,000 layoffs hit industry starting in 2014 From the Associated Press / Texarkana Gazette HOUSTON—Skilled workers in Texas are still looking for jobs as U.S. employment in the oil and gas industry continues to lag behind rising oil prices. Job seekers hoping for an oil market recovery will likely have to

Roughnecks at drill site.

Shale Efficiency Did an End Run Around a Permian Job Boom

Why hasn’t the Permian boom generated a boom for Texas oil and gas jobs? From the Dallas Morning News Texas added barely any oil and gas jobs last year even as the state continued to dominate the industry, according to a report released Monday. The Texas industry employed 325,439 or about 39 percent of those jobs nationwide, according to the Texas

Millennials and ‘Especially Students’ Are Responsible for Oil and Gas Worker Shortage: RRC’s Christian

Texas regulator says “misunderstanding” is making millennials shun oilfield jobs From the Texas Tribune Texas Railroad Commissioner Wayne Christian told House lawmakers on Wednesday that the biggest threat to a burgeoning oil boom is “the acceptance of the politically-correct-driven environmental anti-oil and gas science.” If you ask Wayne Christian, the biggest threat to the oil and gas industry in Texas is

Texas Oil and Gas Employment at Highest Level Since 2015

The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin and Eagle Ford rose again. Employment spiked up in February and is at its highest level since late 2015, while

U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico. wo New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county in January behind North Dakota’s McKenzie County - Oil & Gas 360

Tectonic Shift Rumbling Across Southeast NM Oil Patch

From the Albuquerque Journal Hundreds of small, independent producers might soon be swallowed up by today’s unprecedented oil and gas boom in southeastern New Mexico. As industry titans like ExxonMobil and Concho Resources pump billions of dollars into previously untapped sections of New Mexico’s century-old oil patch, the state’s small- and medium-sized producers are struggling on the margins to keep

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers -Oil & Gas 360 -gastar oklahoma double pump

How Will Higher Taxes Impact Oklahoma?

From NewsOK Participants in Tuesday’s energy chat on NewsOK asked how recently approved increases in taxes on Oklahoma wells might impact the ongoing resurgence of the state’s oil and gas industry, among other things. The Oklahoman’s energy writers, Adam Wilmoth and Jack Money, fielded the questions. This is an abridged transcript of that conversation: Q: How does Oklahoma’s gross production tax