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  Topic: Oil’s new reign in Texas draws
comparisons to the Kingdom
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Oil’s new reign in Texas draws
comparisons to the Kingdom

Houston Chronicle, by Vicki Vaughn

Original Article

Posted By:JoniTx, 2/17/2013 4:23:26 PM

The Lone Star State is earning a new moniker: Saudi Texas. Oil production in Texas is soaring, jumping to an average 2.139 million barrels a day in November — the best showing in more than 25 years. Analysts are chalking up Texas’ booming production to shale plays, especially South Texas’ Eagle Ford, where production was minuscule just five years ago, along with a revival of West Texas’ Permian Basin. Analysts are tossing around the words “phenomenal,” “amazing” and “unprecedented” when discussing the numbers. Since production began in the Eagle Ford Shale, the state’s oil output has doubled and Texas’ share

      


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Reply 1 - Posted by: SheikYerBooty, 2/17/2013 4:30:35 PM     (No. 9181907)

Shhhhh... We already have too many liberals and RINOs here.

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Reply 2 - Posted by: Alpha91c, 2/17/2013 4:30:44 PM     (No. 9181908)

And 99% is on private or state land. The state has had to fight the federal government and it´s various regulatory agencies tooth and nail for every barrel. The battle is ongoing as we speak. If our Dear Leader has his way that production would be shut down. Oh yes, in addition to the oil the state is producing huge amounts of natural gas.

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Reply 3 - Posted by: Spidey, 2/17/2013 4:35:37 PM     (No. 9181914)

It´s nice to see Texas benefiting from this but why are gas prices still so high? Has to be futures market manipulators.

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Reply 4 - Posted by: mws50, 2/17/2013 4:39:26 PM     (No. 9181918)

While we are recovering a decent amount of oil, our refining capacities are still too low. And we have more room on HWY 225 for another refinery or two and a good amount of room for expansion of th existing refineries. Unfortunately, the enviro-whackos in our federal EPA are preventing us from building more or expanding our current refineries.

Gasoline should be at or below $2 a gallon, right now.

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Reply 5 - Posted by: oh-heck, 2/17/2013 5:05:47 PM     (No. 9181941)

The bad news is that big oil and government said it was impossible to produce oil from discovery to production in less than 10 years. The first successful production of oil from the Eagle Ford shale was late 2008. By the end of 2012, TX had doubled its oil production with virtually all the new oil coming from formations below the conventional oil fields. The problem was that collection systems haven´t been able to keep up. The other problem was that the refineries had predicted that they were going to be refining heavy sour oil. The modern coking units they added simply aren´t needed with this light sweet oil. At least when the southern half of Keystone XL is added, they will have oil from the Canadian tar sands. In the meantime the pipes have made it to the water so the oil can be loaded onto barges to ship to eastern refineries.

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Reply 6 - Posted by: Delilah, 2/17/2013 5:47:18 PM     (No. 9181998)

I´m hoping for the same thing here in NE Ohio but I fear that O´s EPA will shut it all down soon.

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Reply 7 - Posted by: Grant Hodges, 2/17/2013 6:07:26 PM     (No. 9182025)

No. 6, that is their plan, unless they are given the profits.

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Reply 8 - Posted by: volksford, 2/17/2013 6:21:28 PM     (No. 9182039)

Keep it up,we need a prosperous free nation of Texas to emigrate to.

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Reply 9 - Posted by: Grant Hodges, 2/17/2013 6:27:42 PM     (No. 9182048)

I think if Stinky the Gunrunner were to be honest and tell us what he think about gas and oil, he would say that the entire industry should be nationalized, that it is a resource belonging to "the people" and not to the landowners under whose foot it rests. Ugo Chavez in the White House.

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Reply 10 - Posted by: tonyl, 2/17/2013 6:31:29 PM     (No. 9182051)

I love Texas and I want to move there.

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Reply 11 - Posted by: oh-heck, 2/17/2013 6:31:52 PM     (No. 9182052)

Putin doesn´t fear Obama but he very much fears the production of oil and gas from shale. If the US and Canada can produce an additional 3 million barrels a day from tight oil formations and tar sands respectively, Russia will be squeezed. They will have to reduce production to keep prices up.

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Reply 12 - Posted by: 1976Ag, 2/17/2013 7:47:41 PM     (No. 9182118)

Gas prices are down. Gasoline prices are elevated right now. We need natural gas prices to rise a bit to spur production in that sector. These folks that ptotest oil and gas production and those that don´t live in hydrocarbon-producing states have no clue as to how this business works. If, for some reason, production were to cease the whole world would be in a world of hurt and I don´t mean a lack of fuel. Most folks have no idea of how many every-day products are produced in the oil fields.

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Reply 13 - Posted by: Texan1stCavDad, 2/17/2013 9:26:13 PM     (No. 9182196)

Thank you # 1 & 8. We have been a country before. It looks as if we may need to soon do it again.

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Reply 14 - Posted by: King of all trolls, 2/17/2013 10:03:24 PM     (No. 9182220)

God Bless Texas. The food, the women, the oil. God Bless Texas.

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Reply 15 - Posted by: Davids918, 2/17/2013 10:23:21 PM     (No. 9182228)

This is THE issue for GOP that can help change the landscape.

Democrats, with the help of EPA, want to stop this production which will hurt taxes collected that fund teachers, police and firefighters.

And by advocating higher prices at the pump they are costing more for our own gov´t (police, postal vehicles, fire trucks, dump trucks, military) which means tighter budgets than they need be.

Building a dozen or so more refineries would help produce more construction, steel making, and transportation jobs.


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Reply 16 - Posted by: JustRight, 2/17/2013 11:23:46 PM     (No. 9182273)

And if we bounce the "econuts" and start using good business sense the state of Ca. could be out of debt and growing - they have to start using their off-shore oil fields.

We have had just about enough of our economy and the country being stifled by idiot regulations from the hare-brained crew in DC.

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Reply 17 - Posted by: Crosscut, 2/17/2013 11:51:37 PM     (No. 9182300)

After gassing up his vehicles for next week´s work and school the average Joe hardly has any money left for a weekend pizza or movie. Obama doesn´t care and it appears most Washington politicians don´t either.

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