Texas Oil Production Could More than Double by 2025 and Surpass Saudi Arabia

ExxonMobil revised its Permian Basin (Texas and New Mexico) growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value. Exxon’s resource base in the Permian is approximately 10 billion oil-equivalent barrels and is likely to …

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Texas Has Oil Past 2050 and Telling Real-Life JR Ewings to Stop Will Not Work

The US Geological Survey has performed an updated survey of the primary oil basin in Texas and doubled their estimate of technically recoverable oil and gas from 2016. Fracking Technology Keeps Improving They did not change how much oil they thought was in the formation. The oil in has been known for decades. We knew …

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Texas will add 2 million barrels of oil per day in 2019 and more in 2020

Texas Permian oil producers will add three pipelines and 2 million barrels of oil a day. A few months ago it was believed that U.S. oil production was going to plateau from mid-2018 to 2020. However, August saw the largest annual increase in U.S. oil production in 98 years, according to government data. The American …

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Texas could have a higher population than California in 2045

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 continues to grow at the rate they grew in 2000-2010, then Texas would pass California’s …

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