Billion-Dollar Basin Boogie: Oklahoma Firm Dances into Permian

💰Time is money, and our goal is to help you save yours.

📰 Wake up every day to the top news stories, yesterday’s posted price Bulletins, Nymex and Henry Hub strips.

📊We may even sprinkle in some proprietary data here and there (shh)!

⛽All you need to do is be you and let us handle the rest. 

🆓For those of you who refer friends (3 to be exact), you will also receive our Premium Monthly Newsletter – free of charge.

😃If you’re a Barrel Hub subscriber, then it’s good to see you! 

🤝If not, no worries, there’s still time to fix that. 

🆒If you’re curious, click here… we love to talk about ourselves.

💸Now, on to the good stuff!

Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

Best of the Best 🏆️

Every week, we sift through our proprietary data to find the best performers in Texas.

Never Quit 😢

Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).

If you’re wondering how we get this information, we’re under strict orders from the CIA not to disclose that (but if you want to know you can go here).

Daily Bulletin

Lone Star Stories

• Shale We Dance? U.S. Oil Output Slips Yet Again

U.S. shale oil output is projected to dip for the third consecutive month in October, with a notable decline in major regions like the Permian Basin and South Texas Eagle Ford, according to the U.S. Energy Information Administration. Despite the current decline, U.S. oil and gas production is poised to hit record highs in 2023 and 2024, propelled by rising oil prices.

• Billion-Dollar Basin Boogie: Oklahoma Firm Dances into Permian

The national average gas price rose 4.6 cents in the past week to $3.83 per gallon due to refinery challenges in the western U.S., but prices varied significantly from state to state, according to GasBuddy's analysis. Although some states saw a decline in gas prices, issues with refinery maintenance and the ongoing Saudi Arabia and Russia's efforts to keep oil prices high may continue to disrupt the expected price stabilization.

Reader Question of the Day

How do oil companies manage and dispose of drilling mud after use?

Drilling mud is like the special sauce for drilling wells. It helps the process go smoothly, but once it's used, oil companies have to deal with it responsibly. First, they separate the mud from any rock bits and other solids. This cleaned-up mud can sometimes be reused in other drilling operations, which is a bit like recycling.

When it's time to dispose of the mud, companies have a few options. They might treat it to remove harmful chemicals, making it safer for the environment. Then, they can bury it in special landfills or use it to fill up old, empty wells. Some advanced methods even turn this waste into bricks or other construction materials. The aim is to minimize harm to the environment and make the most out of every drop of mud.

Sources: 1