Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Railroad Commission (TRRC), reflect differences in the treatment of incomplete and lagged data. Data published by state agencies are often incomplete when first published because of a combination of late reporting and processing […]
Tag Archives: account
July 10, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly, and the Texas Railroad Commission Note: June 2015 reports include estimates through April 2015. Market analysts have a keen interest in understanding how crude oil production in key states has been affected by recent changes in crude oil prices and drilling activity. EIA develops […]
By James Emejo Abuja — The forensic audit into the allegation of unremitted funds by the Nigerian National Petroleum Corporation (NNPC), which was carried out by PricewaterhouseCoopers (PwC), has revealed that the sum of $ 1.48 billion is yet to be remitted to the Federation Account by the corporation and its E&P subsidiary, Nigerian Petroleum […]
By Isiaka Wakili The federal government has raised an alarm that the fall in oil prices is affecting the inflow of money into the excess crude account. Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, said this yesterday at the National Economic Council (NEC) meeting chaired by Vice President Mohammed Namadi Sambo. Okonjo-Iweala, represented by the […]
By Funmi Amodu, With Agency Reports Abuja–For the fourth month running, statutory revenue available for distribution between the three tiers of government dropped as the total revenue for October stood at N593.34 billion. The amount is about N10.192 billion lower than the N603.529 billion shared in September. This is just as governors of the 36 […]
August 7, 2014 Source: U.S. Commerce Department, comprises establishments that extract naturally occurring mineral solids, such as coal and ores, crude petroleum, and natural gas. The data are converted to real (2009$ ) GDP by state by applying national chain-weighted price deflators. At the national level, establishments that extract crude oil and natural gas as […]