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Local Leaders Respond to Recent Call to Protect Dunes Sagebrush Lizard

May 15, 2018

Joining leaders in the petroleum industry — the largest economic driver of the Permian Basin region — Gaines County leaders have fired off their displeasure of last week’s announcement of a filed petition to seek protection against the dunes sagebrush lizard.

Last week, The Center for Biological Diversity and Defenders of Wildlife petitioned the U.S.…

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USGS: Fourth quakes hit near Pecos in less than 48 hours

May 14, 2018

Weekend of tremors finished with two Sunday

MIDLAND — The U.S. Geological Survey on Sunday recorded the third and fourth earthquakes near the city of Pecos since late Friday evening.

The USGS reported a 2.8 magnitude quake at 8:17 p.m. around 16.7 miles southwest of Pecos. Another 2.8 magnitude earthquake took place around 2:45 a.m.…

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Texas gains 8 rigs as US rig count rises to 1,045

May 12, 2018

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 13 this week to 1,045.

At this time a year ago there were 885 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 844 rigs drilled for oil this week and 199 for gas.…

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Environmental Groups Ask Feds to Protect Threatened West Texas lizard

May 8, 2018

Over the objections of the oil and gas industry, two environmental groups are asking the federal government to protect a tiny West Texas reptile amid the failure of a state-crafted plan to conserve it.

The Center for Biological Diversity and Defenders of Wildlife petitioned the U.S. Fish and Wildlife Service on Wednesday to list the dunes sagebrush lizard as threatened or endangered under the federal Endangered Species Act.…

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Oil Prices Flirt with $70 Mark; Await Trump’s Tuesday Decision on Iran Deal

May 7, 2018
(Bloomburg) U.S. oil prices fell back below $70 a barrel after President Donald Trump tweeted that he would announce a decision on the Iranian deal Tuesday afternoon.The benchmark crude price fell more than $1 a barrel immediately after the tweet, dropping below the $70 mark for the first time all day.…

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Gaines’ Oil Production Remains Steady in Latest RRC Report

April 30, 2018

Gaines County oil wells had produced just under 1.8 million barrels of oil in the month of February 2018, according to the latest monthly report from the Texas Railroad Commission.

Released on Friday of last week, Gaines County’s oil wells produced 1,798,766 barrels of oil in February, which was down from an adjusted 1.98 million barrels produced by Gaines oil wells in January 2018, and just over 1.82 million barrels produced by the county’s wells in February 2018.…

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1.91 Million Barrels Produced in Gaines Co. in January 2018

April 2, 2018

Gaines County’s oil wells produced just shy of 2 million barrels of oil in the month of January 2018, according to a report released Thursday by the Texas Railroad Commission.

According to RRC figures, Gaines County wells produced 1.96 million barrels of oil, which was down from 2.04 million barrels reported in December 2017.…

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TXOGA: Over 11 Billion in Taxes Paid by TX Oil, Gas Industry in 2017

March 1, 2018

Gaines Entities See $28.3 Million in Mineral Taxes Levied in ’17

AUSTIN – Texas oil and natural gas industry paid just over $11 billion in state and local taxes and state royalties in fiscal year 2017, a solid increase from the $9.4 billion paid in fiscal year 2016, according to data released earlier this week by the Texas Oil & Gas Association (TXOGA).…

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Over 23 Million Barrels of Oil Produced in Gaines County in 2017

February 27, 2018

AUSTIN — Gaines County oil wells produced over 23.59 million barrels in the 2017 calendar year, up from 22.59 million barrels of produced oil seen in the 2016 calendar year, according to preliminary December 2017 production totals observed by the Seminole Sentinel.

The roughly 1 million gain in production between the 2016 and 2017 calendar years, comes after Gaines County wells saw just over 24 million barrels of oil produced in the 2014 and 2015 calendar years.…

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US rig count remains unchanged at 975

February 19, 2018
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. didn’t increase this week, remaining at 975 for the second week in a row.

That exceeds the 751 rigs that were active this time a year ago.

Houston oilfield services company Baker Hughes reported Friday that 798 rigs drilled for oil this week and 177 for gas.…

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