Texas: Hot, Bothered, and Surprisingly Green

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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

Lone Star Stories

Texas: Hot, Bothered, and Surprisingly Green

Despite facing record-breaking temperatures and a past history of power grid failures, Texas has successfully met the surge in energy demand thanks to its rapidly expanding renewable energy sector.

Although traditionally aligned with oil and gas, Texas now leads in the domestic clean energy transition, exemplifying that renewables are not just reliable, but the best available option for energy security.

Crude Conundrums: Oil Markets in a Rate-Raising, Supply-Slashing World

Oil prices are fluctuating due to a mix of factors, including global economic concerns, decreased factory activity in China and Europe, and anticipation of increased interest rates by U.S. and European central banks.

In an effort to support the market, major oil exporters like Saudi Arabia, Russia, and Algeria are cutting output, while Morgan Stanley predicts a surplus in the oil market by the first half of 2024 due to non-OPEC supply growth outpacing demand.

Reader Question of the Day

How does fracking work?

Hydraulic fracturing, or fracking, involves drilling a well vertically and then horizontally into a rock layer, often shale, deep underground. A high-pressure fluid, primarily water mixed with sand and chemicals, is injected into the well, creating fractures in the rock.

Sand in the fluid props open the fractures, allowing oil or natural gas to flow freely from the rock into the well. The pressure is reduced, the fracturing fluid returns to the surface, and the gas or oil is extracted for use.

This method has increased oil and natural gas supplies significantly, but it also raises environmental and health concerns, such as potential groundwater contamination and induced seismic activity.

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