TxDOT Doing Its Best To “Keep Up” With Oil and Gas-Related Road Deterioration

April 17, 2018

 

The Texas Department of Transporation says it’s working on road improvements that are being called for by counties, especially those in West Texas, that are seeing roads deteriorate because of heavy equipment related to the oil boom.

A spokesman told the House Transportation committee Tuesday that it’s working with the Permian Basin Road Safety Coalition, a group of more than 100 companies, organizations and officials, to prioritize which roads are in greatest need of repair.

In addition to the Permian, TxDOT Director of District Operations Randy Hopmann said the agency is monitoring a large increase in traffic on roads around the Eagle Ford play, but a major source of concern about roads is in the Delaware Basin, where very heavy traffic is “remarkable.”

“We’re trying to do the best we can to keep up with that.”

Hanson Professional Services engineer David Underbrink noted as a rule of thumb, “one well equals 1,100 single…

 

Memorial Services Announced For Barbara Bush

April 17, 2018

 

The beloved wife of oilman and former President George H. W. Bush has died.

Barbara Bush died Tuesday just a couple of days after discontinuing medical care in favor of hospice.

Family spokesman Jim McGrath said Tuesday evening that cause of death is not immediately known.

The public is invited…
 

National Oilwell Varco Warns On 1Q Revenue

April 18, 2018

 

Houston multinational National Oilwell Varco continues its comeback from the dark days of the oil downturn, Monday announcing first quarter revenue shortfalls.

The company cited an “unusually protracted 2018 budgeting cycle” as a reason for revenues of $1.8 billion, which were below expectations…

 

Crude Oil Production In Texas Continues To Set Record

By Alex Mills

 

Crude oil production in Texas continues to set records, and it is the primary factor in the rise in the Texas Petro Index for 15 consecutive months.

The Texas Petro Index increased in February to 191.5, up from 188.7 in January and 155.7 in February 2017. Before the most recent economic downturn, the TPI peaked at a record 313.9 in November 2014, which marked the zenith of an economic…