texas Archive

oilUS number one in oil production and Texas would be world number 3

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Texas oil output (Permian and Eagle Ford) is expected to 5.6 million barrels per day in 2019, according to HSBC. Texas will be more nearly half of America’s total crude oil production. EIA forecasts US oil production to average 11.8 …

californiaTexas could have a higher population than California in 2045

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California had a massive drop in projected population since a reforecast in 2014 and the forecasted future population in Texas has been increasing. The newest combined estimates are that Texas could have more people than California by 2045. If Texas …

energyTexas and Permian Basin oil production to double by 2023

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Permian basin oil production is forecast to reach 5.4 million b/d by 2023—more than current production from any single Organization of Petroleum Exporting Countries member other than Saudi Arabia, IHS Markit said in a new report. The Permian Basin is …

californiaCalifornia would be 5th largest economy and Texas 11th compared to national GDP

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The Bureau of Economic Analysis indicates that California had GDP growth of 3.4% and Texas had GDP growth of 5.2%. At the end of 2017, California had a GDP of $2.80 trillion and Texas had a GDP of 1.75 trillion. …

high speed railTexas High Speed Rail Project will have Bechtel for project management

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Texas Central, developers of the high-speed train between North Texas and Houston, announced an agreement today with Bechtel to work together on project management services. Bechtel has completed more than 300 major train and subway projects, including the Channel Tunnel …

economic impactTech revolution has been a game changer in technically recoverable oil and gas

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The Bossier and Haynesville Formations of the onshore and State waters portion of the U.S. Gulf Coast contain estimated means of 4.0 billion barrels of oil, 304.4 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas …

economic impactTexas is back as King of the oil world

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Weekly US oil production is back to 9.3 million barrels per day and is nearing the 9.6 million barrel peak in mid-2015. OPEC raised its outlook for U.S. production growth by 285,000 barrels a day to 820,000 a day in …

californiaAC-130 combat laser tests might start by the end of this year with low kilowatt proof of concept

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Air Force Special Operations Command plans to install and test combat lasers on AC-130 gunships within a year. General Atomics and other companies have been spending their own research and development (IRAD) money on the capability. AFSOC hasn’t “decided where …

energyTrump suggests a large order for Boeing F/A 18XT Super Hornets could be imminent instead of some F35A

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President Donald Trump suggested that a larger purchase of Boeing Co.’s F/A-18 Super Hornet may be in the offing. “We are looking seriously at a big order,” Trump said Friday of the fighter jet, with another Boeing plane, the newest …

economic impactTrump is close to appointing pro aging reversal head for the FDA and one who would move to faster drug approvals

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President-elect Donald Trump’s transition team is considering a Silicon Valley investor close to billionaire Peter Thiel to head the Food and Drug Administration, according to people familiar with the matter. Jim O’Neill, the Thiel associate, hasn’t been officially selected, according …