News
Below are interesting stories concerning our industries, manufacturing, and our region.
  • California Fracking Boom Set to Lift U.S. Production to New Record

    The California Division of Conservation has received a 543 percent increase in “Oil & Gas Notices” this year, as a Golden State fracking is set to lift the U.S. to a production record. For the full article, follow the link

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  • US Oil Rig Count Rises For 19th Straight Week

    Baker Hughes BHI, +1.11% on Friday reported that the number of active U.S. rigs drilling for oil climbed by 2 to 722 rigs this week. That marked a 19th weekly rise in a row, but the increase was the smallest weekly rise of the year. The total active U.S. rig count, which includes oil and …

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  • U.S. Shale Roars Back at OPEC

    OPEC may get its members to agree to continue to tamp down oil production, but it will be a Pyrrhic victory. The biggest threat to the 13-member group’s dominance has been U.S. shale. In November 2014, the Organization of Petroleum Exporting Countries decided to keep production levels high in the ...

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  • Exxon Mobil Plans Multi-Billion Dollar Plant Near Texas Gulf

    PORTLAND, Texas (AP) — Exxon Mobil Corp. and a Saudi partner plan to build a multi-billion dollar petrochemical plant near the Texas coast, Texas’ governor said Wednesday. The project will be a venture involving Exxon and Saudi Arabia Basic Industries Corp. Exxon officials have said it’...

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  • Drilling permits surge, but not all shale wells completed

    Texas issued more than 1,300 drilling permits in March, twice as many as the same month in 2015. Rigs are rising and companies are rushing back to the shale patch, and to the Permian Basin in particular. But at the same time, well completions were lower than they were last year. The result will be &...

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  • Texas oil and gas drilling climbs in March, but well completions slip

    Texas shale producers applied for more than 1,300 oil and gas drilling permits last month with the majority awarded in the Permian basin, the most active U.S. oil patch, according to the state’s energy regulator. Despite a near tripling of new well permits, to 1,310 wells compared with 511 dur...

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  • Smart Vehicles On the Move at SXSW 2017

    For the past 30 years, South By Southwest (SXSW) has attracted people from all over the world to Austin, Texas, to meet, learn and share ideas, and since 1994, SXSW Interactive has focused on cutting-edge technologies and their potential to change and improve the world. At the 2017 SXSW Conference, ...

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  • ExxonMobil Plans $20 Billion in Manufacturing Investments in Gulf Region

    ExxonMobil will invest $20 billion at 11 new and existing sites in the next 10 years to expand its manufacturing and export capacity along the Gulf of Mexico, the company announced March 6. The expansion program, which ExxonMobil is calling “Growing the Gulf,” will involve chemical, refining, lu...

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  • Energy Transfer to expand in Mont Belvieu with $385 million project

    Energy Transfer to expand in Mont Belvieu with $385 million project Posted by Jordan Blum Date: February 23, 2017 Dallas-based Energy Transfer Partners said it plans to expand its Lone Star campus east of Houston in Mont Belvieu with the addition of a $385 million fractionator and storage system. En...

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  • U.S. drillers add oil rigs for sixth week in a row: Baker Hughes

    U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices. Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, ene...

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  • Shale Drilling Up as OPEC Cuts Keep Oil above $50

    Drillers have added 72 rigs since 2017 began, the best start in five years. The expansion is spreading in Texas and Oklahoma, with the Granite Wash play leading the increase. Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as the explorers take advantage of prices...

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  • EIA: US Shale Oil Output To Rise In March By 80,000 BPD

    Reuters (2/13) reports the US Energy Information Administration’s drilling productivity report shows that March oil production “is forecast to rise by 79,000 barrels per day to 4.87 million bpd,” which would be the biggest monthly rise since October. In the Permian shale play of West Texas and...

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  • Total Rig Count Increases 12 To 741

    The Wall Street Journal (2/10, Jamerson, Subscription Publication) reports Baker Hughes said that the number of oil rigs drilling in the US increased by 8 last week, bringing the total to 591. The gas rig count increased by 4 to 149, while offshore rigs fell by 1 to 21. Reuters (2/10, DiSavino) repo...

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  • New Mitsubishi Caterpillar Forklift manufacturing facility to begin construction

    Houston-based Mitsubishi Caterpillar Forklift America Inc. is preparing to build another Houston-area facility. Construction is slated to begin immediately on a 71,000-square-foot manufacturing facility and distribution center on 10 acres in the Conroe Industrial Park, according to a release. The fa...

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  • Houston equity firm’s company makes acquisition

    A global trailer running gear and chassis assembly company that is majority-owned by a Houston private equity firm has acquired two vehicle components manufacturers. Dexter — part of DexKo Global — has acquired Ingersoll Axles’ assets that build heavy duty axles and suspension syst...

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  • Jan 3rd Stock Report

    Stock Prices In Relation To Previous Day’s Adjusted CloseStock Prices In Relation To Previous Day’s Adjusted CloseDJIA 19,762.60 – 0.29%S&P 500 2,238.83 – 0.46%Nasdaq 5,383.12 – 0.90%Gold $1,157.80 + 6.10Silver $16.14 + 0.15COMEX Copper $254.25 + 3.70Platinum Spot $912.21 +...

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  • Brady: House Tax Proposal Establishes America As Magnet For Jobs, Innovation.

    In a guest column, US Rep. Kevin Brady (R-TX) writes for the Houston Chronicle (1/2) that the House GOP tax reform plan will end America’s “outdated tax code” by “border adjusting our taxes like our foreign competitors do.” He says the new plan “helps eliminate all tax incentives for U.S...

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  • U.S. oil drilling rig count recovery extends into 7th month: Baker Hughes

    Reuters (12/2, DiSavino) reported drillers “added three oil rigs in the week to Dec. 2, bringing the total count up to 477, the most since January, but still below the 545 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday.” Reuters characterized US energy companies as ex...

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  • Haas Mini Mill-EDU Vertical Milling Machine

    Whether you’re starting a new engineering program or upgrading an existing one, the Haas Mini Mill is the ideal learning tool. Now available in a school edition, this machine is bundled with educator and student tools that provide real-world machine shop experience within the classroom. ItR...

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  • New Manufacturing Company To Make Equipment For Well-Boring At Drilling Sites

    The Houston Chronicle (11/10, Smith) reports two former Halliburton employees have started an energy equipment company called Citadel Casing Solutions that manufactures equipment for well-boring at drilling sites. The company has received millions of dollars to start the manufacturing company, accor...

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