Texas oil producers gathered in Irving, Texas, for two days for the 2019 Texas Alliance Expo and Annual Meeting. This year's event took place at the Irving Convention Center and was co-hosted by IPAA. The general sessions touched on everything from the economic outlook for Texas oil and gas and federal regulations to hedging for independents and property transfers.
Hart Energy’s Len Vermillion was in Irving and joined Jessica Morales by phone to discuss takeaways from this year’s conference.
Check out these E&P and drilling activity highlights from around the world.
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
Research shows abandoned offshore oil platforms can be repurposed for a multitude of purposes including carbon capture and storage.