- Natural gas prices in Texas are currently averaging $3.62 per thousand cubic. This is down from $12.33 per thousand cubic feet in July 2008.
- As of July 2009, there were 342 drilling rigs in Texas in production. This was down from a peak of 958 rigs at the end of August 2008.
- Petroleum economist Karr Ingham said,“That adjustment is not complete, so it appears that thousands more Texans will be sent packing before this cycle hits bottom.”
I'd been hearing that Wise County's oil and gas business was picking back up. I'm not so sure after this article today. Highlights:
at 2:55 PM