Labor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.
, our daily newsletter that keeps readers up to speed on the most essential Texas news.
“The energy producers of [West Texas] and America are READY to produce the energy our nation and allies need!” Pfluger wrote on Twitter. He said frac sand — a key ingredient in the hydraulic fracturing process — has been particularly hard to find due in part to labor shortages, even though much of the supply comes from Texas. The price of steel has increased so much that supply shortages make it hard to get pipe for drilling wells, he added. Oestmann said his company has no plans to add more drilling rigs, but even if it did, he said it probably wouldn’t be able to find the supplies to do so.
First: A roofing crew begins to shingle a home under construction in a new Midland housing development as a pumpjack operates nearby. Last: Motorists drive past a sign hiring workers in Midland.Oestmann said when the demand for oil and gas plummeted at the start of the pandemic, many oil field workers got out of the industry for good.
Former Midland Mayor Bobby Burns, now president of the Midland Chamber of Commerce, speaks during a lecture titled “Midland Fuels America” on March 15 at the Permian Basin Petroleum Museum in Midland.“The world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,” said IEA Executive Director Fatih Birol, citing the uncertain future of Russian supplies on the global market as the war continues and sanctions against the nation mount.
“We’re of mixed minds” about the Russia-Ukraine conflict, Burns added. “We know it’s strengthening our bottom line, but it’s bad for the world.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Search and Rescue resumes looking for missing Texas State University student Jason LandryAt the request of the Caldwell County Sheriff's Office, TEXSAR resumed looking for Jason Landry, who authorities say vanished on his way home to Missouri City.
Read more »
Texas A&M Forest Service: Veal Fire Was Caused By Trailer Chain SparksThe Texas A&M Forest Service said that they have determined that the Veal Fire in Parker County was ignited by sparks created as an individual's trailer chains dragged on the road.
Read more »
Mark Zuckerberg: Most future jobs will be more 'creative' than 'traditional labor or service'Meta founder and CEO Mark Zuckerberg predicts that future technology will clear the way for more imaginative jobs, especially in tech and computer science.
Read more »
Weekly jobless claims falls to its lowest level in 53 years, according to U.S. Labor DepartmentU.S. weekly jobless claims falls to its lowest level since 1969, according to Labor Department
Read more »
Replacing Manual Labor With Robotics Manufacturing Lines | HackerNoonLet's look into some case studies to find out should our manufacturing lines stay manual, or be automated.
Read more »
Fort Hood soldiers sentenced in Texas human smuggling operationTwo active-duty soldiers with the US Army stationed at the Fort Hood base in Texas were ordered to federal prison on Friday for 'conspiring to transport' undocumented immigrants within the state, US Attorney Jennifer B. Lowery said in a statement
Read more »