Alex Mills

WICHITA FALLS—Oil and gas producers in Texas kicked off the New Year with a bang, propelling the Texas Petro Index upward for the 14th straight month by continuing to increase production in response to higher wellhead prices.  At 192.7 in…

Crude oil and natural gas production in Texas has increased dramatically, bringing a flood of new dollars into the Permanent University Fund (PUF) and the Permanent School Fund (PSF). Both funds were established by the Texas Constitution…

Just a few years ago there was a debate over energy policy that included the phrase “drill, baby, drill.”  The belief was that if drilling for oil in the U.S. increases so would oil production and gasoline prices would decline. President…

Even though renewable energy has been the darling of state and federal governments for more than a decade, the old fossil fuels – oil, natural gas and coal – continue to generate most of America’s energy. Fossil fuels have provided more…

President Donald J. Trump gets it.  He understands that domestic energy creates power; power not only to heat and cool our homes and fuel our transportation needs, but power to ignite America’s economy and increase our national security.…

Even though the average price for a gallon of gasoline in Texas averaged $2.11 for the week ending June 19, according to the Energy Information Administration (EIA), gasoline prices dropped below $2 in many locations across Texas. The…

The factors contributing to the price of crude oil have confused many seasoned observers for years. Generally, supply and demand have been the most important considerations. For example, when there is an oversupply, prices decline, which…

While the exploration-and-production sector of the oil and gas industry has drawn most of the media attention recently, the service and supply sector has been making a comeback from the painful downturn of 2015 and 2016. Bank of America…

The business of exporting petroleum products from the U.S. is growing at a record pace, and the future looks bright. U.S. exports of crude oil and petroleum products during January and February, the most current figures available,…

Two important events that occurred last week have the potential to impact natural gas supplies significantly in the future. First, the U.S. Geological Survey (USGS) increased by more than 300 percent its assessment of natural gas…