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
According to just-released data from the Texas Oil & Gas Association (TXOGA), the Texas oil and natural gas industry paid $27.3 billion in state and local taxes and state royalties in fiscal year (FY) 2024–the highest total in Texas history–shattering last year’s record by almost a billion dollars.
Shell Starts Production at Gulf Oil Field
The project “will make a significant contribution to our commitment to bring projects online, with a total peak production of more than 500,000 barrels of oil equivalent per day from 2023 through 2025,” Shell’s director of integrated gas and upstream, Zoë Yujnovich, said in a statement.
Curious Minds Corner
What is the largest oil field in the world by proven reserves, and where is it located?
The Ghawar Field, located in Saudi Arabia. It is estimated to contain around 58 billion barrels of oil.