Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Texas Drilling Permit and Completion Statistics for November 2025
The Railroad Commission of Texas issued a total of 412 original drilling permits in November 2025. The total includes 369 to drill new oil or gas wells, 7 to re-enter plugged wellbores, 3 field transfers, 32 for re-completion and 1 reclass.
Chevron sets 2026 capital spending budget at $18-19 billion
Chevron Corporation (NYSE: CVX) announced its 2026 organic capital expenditure budget of $18 to $19 billion, positioning at the lower end of its long-term guidance range of $18 to $21 billion. The company also expects affiliate capital expenditures of $1.3 to $1.7 billion for 2026.
Curious Minds Corner
What is a “stripper well”?
A low‑output oil/gas well; in U.S., an oil well producing ≤15 barrels/day over 12 months.