Uncle Sam's Texas Oil Tango

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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).

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Daily Bulletin

Lone Star Stories

Civitas Planning a Permian Basin Power Play

Civitas Resources eyes acquiring NGP Energy Capital's Permian basin operations for nearly $5 billion, a move that could amplify its current $5.6 billion value. The deal, expected to be announced soon, could bolster NGP's effort to launch its 13th natural resources fund.

Uncle Sam's Texas Oil Tango

Texan policymaker, Rob Henneke, nudges Biden to ease the grip on oil drilling, attributing climbing costs to these restrictions. As the U.S. cozies up to Venezuela for oil supply, Texas oil rig operators find themselves in the cold.

Reader Question of the Day

What is the API gravity of crude oil and how it is calculated?

API gravity is a measure used to compare the density of petroleum liquids to water. If a petroleum liquid has an API gravity greater than 10, it is lighter than water. The calculation for API gravity is done using the following formula:

API gravity = (141.5 / Specific Gravity) - 131.5

The specific gravity used in this formula is the ratio of the density of the oil to the density of water, both measured at 60 degrees Fahrenheit (15.56 degrees Celsius).

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