New Mexico's Oil Boom: The Delaware Basin
New Mexico is in the middle of an oil boom. The state produces about 1.8 million barrels of oil every day. That makes New Mexico the second-largest oil-producing state in the country, behind only Texa…
Data from state Railroad Commissions, explained simply. No jargon. No fluff. Just the facts about how oil and gas is found, drilled, and measured.
New Mexico is in the middle of an oil boom. The state produces about 1.8 million barrels of oil every day. That makes New Mexico the second-largest oil-producing state in the country, behind only Texa…
Oklahoma was one of the first states to strike it rich in oil. The first commercial oil discovery in what would become Oklahoma happened in 1859 — the same year as the famous Pennsylvania oil discover…
Drilling an oil well is a complex process. But the basic idea is straightforward: you want to punch a hole through thousands of feet of rock to reach oil trapped underground. Here is how it works, ste…
A scout ticket is one of the most valuable — and most overlooked — pieces of information in the oil and gas business. To understand what a scout ticket is, you first need to understand who made them a…
The Eagle Ford Shale is Texas's second major shale play. It stretches across South Texas in a long crescent shape. The formation runs from the Mexican border in the southwest to East Texas in the nort…
The Permian Basin is America's most important oil-producing region. It sits in West Texas and the southeastern corner of New Mexico. The basin is enormous. It stretches about 250 miles from east to we…
Texas produces a staggering amount of oil. In 2023, the state pumped roughly 5.7 million barrels of oil every single day. That number is so large it can be hard to picture. To put it in perspective, t…
The Texas Railroad Commission sounds like it runs trains. It doesn't. Today, it is the state agency that regulates oil and gas in Texas. The name is left over from history. In 1891, it started out ove…
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