Advances in drilling technology are expected to help North Dakota hit the 1 million barrel per day mark at some point this year. But it’s Texas that still holds the leadership position in terms of oil production. Don’t mess with Texas.
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Cindy O’ Gorman, The O’Gorman Group Realtor, breaks down real estate in Dallas, Texas.
Video: http://tinyurl.com/npbtxcg
Starting in 2014, Edmontonians will have a new way to get to the Lone Star state through a direct flight to Dallas, Texas, Metro has learned.
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Texas oil production is surging, and estimates for 2014 predict that output of more than 2.7 million barrels per day will push the Lone Star State’s production above OPEC members Nigeria (2.524 bpd), Venezuela (2.489 bpd) and Algeria (1,875 million bpd.).
Read more: http://tinyurl.com/oppzvdc
Barry Smitherman, the Chairman for the Texas Railroad Commission, has said that the number of drilling permit applications being submitted in the lone star state have reached their highest level for 30 years, and that production is continuing to rise to near record levels, putting Texas on track to become one of the largest oil producers in the world before 2020.
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CALGARY — Burnco Rock Products Ltd. of Calgary has acquired the business assets of Gateway Concrete of Texas.
Read more: http://tinyurl.com/kvhrhau
Some so-so from the Lone Star State, where the Dallas Fed manufacturing report beat expectations (but fell), and the employment subindex hit its highest level in a year.
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SWEETWATER — About a year ago, talk began circulating in this West Texas town about a huge oil-producing formation called the Cline Shale, east of the traditional drilling areas around Midland.
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We recently told you the story of why Vegas-based robotics startup Romotive is moving to California.
The gist of their reasoning was that while they knew they’d be paying more in taxes, but that they’d be in closer proximity to like-minded firms and entrepreneurs, as well as investors.
Read more: http://tinyurl.com/cgjm235
Texas has seen incredible changes in oil production because of advancements in shale technology. From one 200-mile view at night, you can easily spot the urban areas of Dallas, Houston, San Antonio and Austin, but the strip just south of the Alamo City and U.S. Global Investors’ headquarters illuminates something else entirely: the bright lights of big oil generated by the Eagle Ford shale formation.
Read more: http://tinyurl.com/d5sovfr