Oil News

Harvey Howell Generates Buzz in San Antonio

By | 2017-02-08T04:31:22+00:00 February 8th, 2017|Categories: Oil News|

Howell Family, HH Howell III continues to make their mark in the Alamo town of San Antonio with oil and gas exploration over three generations. Howell, along with his team continues to explore in areas known to produce natural resources with new technology, funding well exploration with local industry partners as well as companies such as High Gravity Resources, [...]

Houston’s Outlook for 2017: Is the Worst Behind Us?

By | 2017-02-08T04:37:59+00:00 January 2nd, 2017|Categories: Oil News|

As we celebrate the New Year, 2017 has delivered much better news about oil markets and Houston’s economy. Oil markets appear to be moving toward rebalancing, with oil prices currently holding in the $50-$55 range. Further improvement in the price of oil is the key to Houston’s near-term future, and nothing is assured yet. We saw [...]

Global Oil Demand Can Only Increase

By | 2017-02-08T04:29:44+00:00 August 28th, 2016|Categories: Oil News|

While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to some, but it is also perhaps our most fundamental energy reality. The world now consumes ~95 million b/d of oil, up from 86 million b/d in 2008 and a 11% rise [...]

U.S. oil boom isn’t dead. It’s plotting a 2017 comeback

By | 2017-02-08T04:35:42+00:00 July 16th, 2016|Categories: Oil News|

New cracks have emerged in the U.S. oil boom, thanks to the crash in prices orchestrated by OPEC. U.S. oil production is down seven straight months and recently dropped below the 9 million barrel mark for the first time in nearly two years. It's further evidence of how the supply glut and relentless pumping from Saudi Arabia, Iran and other OPEC [...]