Texas oil and gas discoveries lower

Texas oil and gas discoveries lower Austin, Texas (UPI) Jun 9, 2016 - State data from Texas show fewer new drilling permits were issued for and new discoveries of oil or natural gas were made in May than last year. The Railroad Commission of Texas reported 488 new drilling permits were issued in May, against the 778 issued last year. Both permits for oil and natural gas were lower than for the same month last year. A low price for crude oil dragged ... more

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