{"id":337,"date":"2017-11-11T01:46:09","date_gmt":"2017-11-11T01:46:09","guid":{"rendered":"https:\/\/acmerefining.com\/?p=337"},"modified":"2017-11-11T01:46:09","modified_gmt":"2017-11-11T01:46:09","slug":"oil-gas-industry-future-looks-attractive","status":"publish","type":"post","link":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/","title":{"rendered":"Oil and Gas Industry Future Looks Attractive"},"content":{"rendered":"

After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback.<\/p>\n

A recent report by Morgan Stanley stated: \u201cThe exploration and production (E&P) outlook is attractive.\u201d<\/p>\n

\u201cEnergy sentiment has improved from two months ago, as the oil supply and demand balance has tightened and revisions turn positive,\u201d the report continued<\/p>\n

\u201cExpectations for U.S. oil production growth have also been tempered, as the U.S. E&P industry faces execution challenges from tighter services markets and also feels investor pressure for improved capital discipline.<\/p>\n

\u201cOPEC remains committed to production cuts, with steadily improving (and high) compliance. Simultaneously, global oil demand growth continues to surprise to the upside, and is on trend to continue to significantly exceed the historical average into 2018,\u201d the report stated.<\/p>\n

\u201cInvestor interest has increased, though many remain unconvinced about the sustainability of the current rally. We believe that fundamentals appear to be the strongest they have been since the start of the downturn and, in our view, capable of underpinning some increase in long-term oil price expectations,\u201d the report stated.<\/p>\n

Adding to the optimism is the monthly report of the Texas Petro Index, which shows another month of recovery.<\/p>\n

Upstream oil and gas activity in Texas increased into the 10th straight month, according to the Texas Petro Index, which rose to 181.4, 21.4 percent higher than last year.<\/p>\n

\u201cCrude oil prices in Texas have been the essence of stability for more than a year,\u201d said Karr Ingham, the economist who created the TPI and updates it monthly, noting that average monthly oil prices in Texas have increased slowly but steadily since dipping to a low of $27.08\/bbl in February 2016. \u201cDemand is beginning to show signs of recovery and foreign oil suppliers led by OPEC appear to be committed to maintaining announced production cuts.\u201d<\/p>\n

Read more: Oil and Gas Industry Future Looks Attractive\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback. [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[10],"tags":[],"yoast_head":"\nOil and Gas Industry Future Looks Attractive • Acme Refining<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil and Gas Industry Future Looks Attractive\" \/>\n<meta property=\"og:description\" content=\"After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback. [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\" \/>\n<meta property=\"og:site_name\" content=\"Acme Refining\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-11T01:46:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/11\/Oil-Industry.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/acmerefining.com\/#\/schema\/person\/6a000beb8fac3630dc19babac6d17b89\"},\"headline\":\"Oil and Gas Industry Future Looks Attractive\",\"datePublished\":\"2017-11-11T01:46:09+00:00\",\"dateModified\":\"2017-11-11T01:46:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\"},\"wordCount\":328,\"publisher\":{\"@id\":\"https:\/\/acmerefining.com\/#organization\"},\"articleSection\":[\"Industry News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\",\"url\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\",\"name\":\"Oil and Gas Industry Future Looks Attractive • Acme Refining\",\"isPartOf\":{\"@id\":\"https:\/\/acmerefining.com\/#website\"},\"datePublished\":\"2017-11-11T01:46:09+00:00\",\"dateModified\":\"2017-11-11T01:46:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/acmerefining.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil and Gas Industry Future Looks Attractive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/acmerefining.com\/#website\",\"url\":\"https:\/\/acmerefining.com\/\",\"name\":\"Acme Refining\",\"description\":\"Custom Oils & Additives for Industrial Applications\",\"publisher\":{\"@id\":\"https:\/\/acmerefining.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/acmerefining.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/acmerefining.com\/#organization\",\"name\":\"Acme Refining\",\"url\":\"https:\/\/acmerefining.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/acmerefining.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/04\/Acme-Logo-Favicon.png\",\"contentUrl\":\"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/04\/Acme-Logo-Favicon.png\",\"width\":512,\"height\":512,\"caption\":\"Acme Refining\"},\"image\":{\"@id\":\"https:\/\/acmerefining.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/acmerefining.com\/#\/schema\/person\/6a000beb8fac3630dc19babac6d17b89\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/acmerefining.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/856c0814e41319ee43af0c5cb848249f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/856c0814e41319ee43af0c5cb848249f?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/acmerefining.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil and Gas Industry Future Looks Attractive • Acme Refining","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/","og_locale":"en_US","og_type":"article","og_title":"Oil and Gas Industry Future Looks Attractive","og_description":"After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback. [\u2026]","og_url":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/","og_site_name":"Acme Refining","article_published_time":"2017-11-11T01:46:09+00:00","og_image":[{"width":600,"height":450,"url":"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/11\/Oil-Industry.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#article","isPartOf":{"@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/"},"author":{"name":"admin","@id":"https:\/\/acmerefining.com\/#\/schema\/person\/6a000beb8fac3630dc19babac6d17b89"},"headline":"Oil and Gas Industry Future Looks Attractive","datePublished":"2017-11-11T01:46:09+00:00","dateModified":"2017-11-11T01:46:09+00:00","mainEntityOfPage":{"@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/"},"wordCount":328,"publisher":{"@id":"https:\/\/acmerefining.com\/#organization"},"articleSection":["Industry News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/","url":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/","name":"Oil and Gas Industry Future Looks Attractive • Acme Refining","isPartOf":{"@id":"https:\/\/acmerefining.com\/#website"},"datePublished":"2017-11-11T01:46:09+00:00","dateModified":"2017-11-11T01:46:09+00:00","breadcrumb":{"@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/acmerefining.com\/oil-gas-industry-future-looks-attractive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/acmerefining.com\/"},{"@type":"ListItem","position":2,"name":"Oil and Gas Industry Future Looks Attractive"}]},{"@type":"WebSite","@id":"https:\/\/acmerefining.com\/#website","url":"https:\/\/acmerefining.com\/","name":"Acme Refining","description":"Custom Oils & Additives for Industrial Applications","publisher":{"@id":"https:\/\/acmerefining.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/acmerefining.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/acmerefining.com\/#organization","name":"Acme Refining","url":"https:\/\/acmerefining.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/acmerefining.com\/#\/schema\/logo\/image\/","url":"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/04\/Acme-Logo-Favicon.png","contentUrl":"https:\/\/acmerefining.com\/wp-content\/uploads\/2017\/04\/Acme-Logo-Favicon.png","width":512,"height":512,"caption":"Acme Refining"},"image":{"@id":"https:\/\/acmerefining.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/acmerefining.com\/#\/schema\/person\/6a000beb8fac3630dc19babac6d17b89","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/acmerefining.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/856c0814e41319ee43af0c5cb848249f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/856c0814e41319ee43af0c5cb848249f?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/acmerefining.com\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/posts\/337"}],"collection":[{"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/comments?post=337"}],"version-history":[{"count":1,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/posts\/337\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/posts\/337\/revisions\/339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/media\/338"}],"wp:attachment":[{"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/media?parent=337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/categories?post=337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acmerefining.com\/wp-json\/wp\/v2\/tags?post=337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}