The number of drilling rigs at work in Texas rose to a count of 426, more than double the rig count at this time last year, according to an April 21st report by Baker Hughes. Nationally, there were 857 rigs at work, up from 809 at this time last month. Overall, US crude production is rising slowly and has reached 9,265 million barrels/day. Meanwhile, the price of West Texas crude spent the month hovering around the $50 mark.
Meanwhile, a US District Court Judge in Houston ordered ExxonMobil to pay nearly $20 million to compensate victims of air pollution near their Baytown refinery. The court order was a huge win for environmental groups, who had long argued that Exxon’s refineries had been skirting Clean Air Act rules.