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Texas has nearly a quarter of America’s crude oil reserves, and 30% of its natural gas. Energy Resources has a team working on reservoir analysis and geologic evaluation of various properties in both East and West Texas. Texas’s 27 petroleum refineries can process more than 4.7 million barrels of crude oil per day, and they account for more than one-fourth of total U.S. refining capacity . Although Texas’s oil reserves are found in several geologic basins throughout the State, the largest remaining reserves are concentrated in the Permian Basin of West Texas, which contains more than 20 of the Nation’s top 100 oil fields.
Texas is the Nation’s leading natural gas producer, accounting for approximately three-tenths of total U.S. natural gas production. Today, an expansive network of interstate natural gas pipelines extends from Texas, reaching consumption markets The State’s first LNG terminal became operational in April 2008 with a capacity of 1.5 billion cubic feet of natural gas per day. Another LNG terminal in Sabine, Texas is currently under construction and several other terminals have recently been approved for construction from coast to coast, including those in California, the Midwest, the East Coast, and New England.
Areas of Company Interest:
Pittcock Lease Engineering Report
Peavy Lease Engineering Report
||Sally Nash Lease
|McMurtry & Loving Leases
||Windy Jones Lease