Business

RRC commissioners have approved the agency’s Oil and Gas Monitoring Plan for Fiscal Year 2024 which continues to build on the agency’s strong record of stewardship of protecting the environment and residents.

AMARILLO, Texas (June 14, 2023) – Xcel Energy is ready to meet the energy needs of its Texas and New Mexico customers as temperatures and electricity demand rise this summer.

Crude oil and natural gas production as reported to the Railroad Commission of Texas (RRC) for March 2023 came from 160,742 oil wells and 87,487 gas wells.

Crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which is reported separately by the RRC. For full oil and gas production statistics, you can visit the links below.

Intents to Drill

LIPSCOMB (LIPSCOMB, Cleveland) Duncan Oil Properties, Inc. #3550H Lovella, (642.92 acres) 270’ FSL & 1345’ FWL, Sec 550, Blk 43, H&TC RR Surv, A-978, 6.7 mi SW from Lipscomb TD 7800’, (BHL: 20’ FNL & 1000’ FWL Sec 550, Blk 43, H&TC, A-978) (sgd. Christeina Gray 405-272-1849) Horizontal

(AUSTIN) — Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems and special purpose districts $1.03 billion in local sales tax allocations for June, 2 percent more than in June 2022.

These allocations are based on sales made in April by businesses that report tax monthly.

Intents to Drill

ROBERTS (ROBERTS CO., St. Louis) Hadaway Consult and Engineer, LLC, #1 Leona 6A, (685.55 acres) 12172’ FNL & 9336’ FEL, Clay CSL Surv, A-50, 16.5 mi NW from Miami TD 10947’, (BHL: 12006’ FNL & 9398’ FEL Clay CSL A-50) (sgd. Tom Douglass 512-495-6300) Directional Recompletion

Gas Completions

AUSTIN – The Railroad Commission of Texas issued a total of 805 original drilling permits in May 2023. The total includes 702 to drill new oil or gas wells, 11 to re-enter plugged wellbores and 85 for re-completions of existing wellbores.

The breakdown of well types for total original drilling permits in May 2023 is: 172 oil, 59 gas, 535 oil and gas, 27 injection, and 12 other permits.

WASHINGTON, May 26, 2023 — The U.S. Department of Agriculture (USDA) is extending the deadline for the Emergency Relief Program (ERP) Phase Two and Pandemic Assistance Revenue Program (PARP) to July 14, 2023, to give producers more time to apply for assistance. The original deadline was June 2. 

(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.84 billion in May, 4.1 percent more than in May 2022. The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.