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Oil Drilling Permits Increase - FOX

By Clip Syndicate
Tyler Woessner

http://eplayer.clipsyndicate.com/view/12503/6824940 Video: Oil Drilling Permits Increase - FOX
Tyler Woessner
http://chic.clipsyndicate.com/video/playlist/12503/6824940?cpt=8&wpid=2637 Sat, 11 Mar 2017 03:00:49 +0000 Oil Drilling Permits Increase - FOX Tyler Woessner http://chic.clipsyndicate.com/video/playlist/12503/6824940?cpt=8&wpid=2637 KPEJ texas railroad commission releasing new oil drilling permit numbers today...and they're eye-popping. fox 24's tyler woessner joins us woessner dawn the numbers are nearly double the amount from last year to this year... and almost half from the entire state...come from right here in the midland area alone. 991 texas oil drilling permits in february of 2017... up from 573 in february of 2016... --according to the texas railroad commission. stephen robertson: "it's exciting to see these numbers, but we're more excited to see what those numbers really mean, which is more work, more opportunity for people." stephen robertson with the permian basin petroleum association... says times have changed... stephen robertson: "this is defintely not the high end that we experienced back when oil was over $100 a barrel, but we probably won't ever see those numbers again because we've gotten so much more efficient with the way we drill wells out here that we don't need to drill as many wells." of the nearly 1,000 drilling permits in texas... 434 of them come from the midland area... by far the most in the state. steven pruett: "all the service companies are going back to work. they need to employ more people. the leaders i talk to in those companies need more employees and it also means we'll have more guest workers coming in from other areas to man the rigs and frac crews." elevation resources president steven pruett... says this increase in oil activity has impacts... both good and bad. steven pruett: "unemployment is going to continue to come down in both midland and odessa, along with the resulting increase in traffic, more pressure on the roads." and this all echoes a common theme heard across the permian basin... stephen robertson: "whether you're working in the field, a teacher, a banker, whether you make sandwiches, you rely on the oil and gas industry. so when it's doing well, this region does well and that's something everyone can get excited about." woessner according to baker hughes... the texas rig count as of today was 392... representing about half of all active rigs in the united states. live in the newsroom...tyleragai.. making it below the 50-dollar threshold for a seven-percent decline in just two days earlier this week. yesterday crude closing at 49-28 per barrel.... today it's even lower at 48-49 at last check. dawn chief meteorologist

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