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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 OPEC not to disclose that (but if you want to know you can go here).
Daily Bulletin
Futures Curve
Lone Star Stories
Gas prices in Indiana are soaring with an average of $3.82 per gallon, largely due to decreased oil production in Saudi Arabia and Russia. Heat-induced outages in U.S. refineries and a seven-week upward trend have drivers rethinking their road trips.
U.S. fossil fuel companies aim to construct over 2,900 miles of natural gas pipelines to support new LNG export facilities targeting Asian and European markets, according to Global Energy Monitor.
Reader Question of the Day
What measures are in place to contain and manage blowouts during drilling operations?
Blowouts during drilling operations represent a significant hazard, necessitating a combination of equipment, training, and procedures to manage and prevent them. Central to these measures is the Blowout Preventer (BOP), a valve system at the wellhead designed to quickly seal off the well in case of unexpected pressure changes.
Drilling mud, circulated within the wellbore, not only facilitates drilling but also provides a hydrostatic pressure barrier against formation fluids. Sensors on the rig monitor for "kicks" or unexpected influxes of formation fluids, which are early indicators of potential blowouts.
Rig crews receive specialized training to swiftly detect and respond to these signs. In extreme cases, relief wells can be drilled to intersect and neutralize an out-of-control well. Regular inspections ensure equipment integrity, and adherence to industry standards and regulations further bolsters the safety framework of drilling operations.
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