Texas Workforce Commission said recently the state continues to lead the nation in job growth.  In June more than 30,000 non-farm jobs were added, bringing the total to a record of nearly 14 million jobs in the state.  It was the 28th consecutive month of job growth.  Since June 2022 Texas has added more than […]

Three refinery projects in Texas by ExxonMobil, Marathon and Valero are expected to boost U.S. refinery capacity in the next annual report by U.S. Energy Information Administration. ExxonMobil announced in March the completion of a major refinery capacity addition in Beaumont to boost that facility’s total crude oil distillation capacity by 250,000 barrels per day […]

U.S. refinery capacity increased slightly for the first time since the global pandemic to reverse two years of declines, according to U.S. Energy Information Administration in its annual Refinery Capacity Report published July 25.  As of Jan. 1, 2023, the operable atmospheric crude oil distillation capacity – the EIA’s primary measure of refinery capacity in […]

U.S. Energy Information Administration reported Monday record crude oil field production of 5.494 million barrels in Texas in May.  Production has been more than 5.4 million b/d the last three months (5.454 million b/d in March, 5.446 million b/d in April) for the first time since a five-month period November 2019 through March 2020 (with […]

Permian Basin added a drilling rig in the past week for only the third time since April, according to Baker Hughes.  As of July 28, there were 334 rigs in Permian Basin (333 previous week, 351 year ago), 322 in Texas (322 previous week, 371 year ago), 111 in New Mexico (113 previous week, 110 […]