Independent Upstream Companies Among Hardest Hit In Oil And Gas – Houston Public Media

Kyra Buckley – ENERGY REPORTER

While visiting an oil rig in Midland on Wednesday, President Donald Trump said under his leadership Texas has unlocked its full potential for energy.
“Under my administration the United States has increased oil production by 3.1 million barrels per day,” Trump said. “That’s some number, there’s never been anything like that number. For the first time in nearly 70 years, we’ve become a net energy exporter.”
But even though there’s been growth in the export market in recent years, right now Houston’s oil and gas industry continues to be hit hard by low prices and decreased demand.

— Read on www.houstonpublicmedia.org/articles/news/energy-environment/2020/07/30/378817/independent-upstream-companies-among-hardest-hit-in-oil-and-gas/