New Technology, Efficiency Gains Help Oil Companies Increase Production

New Technology, Efficiency Gains Help Oil Companies Increase Production

Drilling for new oil and natural gas reserves in Texas and across the nation has declined 10% this year, but production continues at a record pace. Historically, production declined when the Baker Hughes Rig Count, a key economic indicator, declined. The U.S. rig count was 588 this week, which is…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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