Future of Oil and Gas

Two dated items bear on how oil and gas buyers approach machine shop supplier qualification for the remainder of 2026. One is Texas permitting activity. The other is a scheduled revision to the quality management standard most machine shop certificates are issued against. Texas drilling permits, July 2026 The Railroad Commission of Texas reported issuing […]

Two published data sources describe the conditions oil and gas buyers are working in through the end of 2026. One measures production and price. The other records what firms operating in the region report about cost and supply. What the EIA forecasts for production and price In its August 2026 Short-Term Energy Outlook, released August

On July 7, the U.S. Energy Information Administration published a forecast built on the assumption that the war was over. The July Short-Term Energy Outlook took as its premise the June 18 memorandum of understanding between the United States and Iran, which formalized a sixty-day ceasefire and reopened the Strait of Hormuz. Working from that