PBE NEWS BRIEFS Watching the basin
PERMIAN BASIN PETROLEUM MUSEUM - A NEW EXHIBIT... Oxy has pledged $500,000 to the Permian Basin Petroleum Museum for a new exhibit on enhanced oil recovery. On April 18, Bill Albrecht, president of Oxy Oil & Gas – Americas, toured the museum and presented Oxy’s letter of commitment to Museum Executive Director Kathy Shannon. The Permian Basin Petroleum Museum is the largest of its kind in the United States and a resource for science-based education for thousands of visitors each year, mostly schoolchildren. The renovations will begin in 2014.
Watching the GOVERNMENT
TEXAS OIL ON THE RISE In a recent news release from the Railroad Commission of Texas, Commissioner Christi Craddick noted that with Texas Oil production on the rise, this state is helping to pave the path towards U.S energy independence. Craddick’s comments follow the Railroad Commission’s release of the most recent production numbers indicating Texas is producing almost 1.5 million barrels of oil per day – a nearly 50 percent increase in crude oil production since 2011. Texas now represents almost a fourth of total crude oil produced in the United States. “It’s exciting,” said Railroad Commissioner Christi Craddick to members of the Texas Independent Producers and Royalty Owners Association at its annual meeting in Austin. “It’s evident not just in the production numbers, but in the jobs that are being created and the taxes this industry contributes to our state’s coffers. Last year, oil and gas energy sectors were responsible for 427,761 jobs in Texas and the industry paid $9.25 billion in state taxes in 2011,” Craddick said. 30
PERMIAN BASIN ENERGY MAGAZINE | www.PBEMag.com | MAY 2013