Based in Fort Worth, North Texas Energy Group provides a variety of oil and gas field services to energy clients.

Premier Business Partners:

Magnum Oil Tools International LLC

In the competitive Texas oil industry, companies understand they must work to distinguish themselves in the marketplace. North Texas Energy Group of Fort Worth believes responding to the specific needs of its clients will allow it to maintain a strong market position.

The company says it is best able to serve clients through the group’s subsidiaries: North Texas Energy Group Properties, a provider of oil and gas field services and consulting; Flo Control, a producer of valves; and Rybo Perforating and Logging, which offers services such as perforating metal, logging and crane rental.

“As our business grows so do our needs, and the needs of our clients and partners,” the company says. “We look forward to the opportunity and the challenge to meet and exceed those needs.”
Energy is a large contributor to the Texas economy, and companies like North Texas Energy Group are important in helping the industry run efficiently.

Energy is one of the oldest and most diverse industries in Texas. Since the discovery of the Spindletop oilfield in 1901, Texas has been a leader in the production of energy, the state says. In 2004, Gov. Rick Perry identified energy as one of six industry clusters in his long-term, strategic job creation plan. The state notes each cluster was selected because of its potential for future economic growth.

An Old But Growing Industry
Oil and gas exploration and production is one of Texas’ most established industries. While new oil and gas reservoirs are being discovered on an ongoing basis – there were 61 new oil reservoirs and 110 new natural gas discoveries in 2006 alone – the largest increment of oil yet to be produced is likely to come from existing reservoirs, the state says.

According to Texas statistics, approximately 7,000 operators run more than 250,000 active wells. Of these, approximately 143,475 are oil-producing wells and 78,000 are natural gas-producing wells. In both crude oil and natural gas, Texas leads the United States in both production and reserves.
Texas may be better known for its oil wells than its wind turbines, however, it currently leads the nation in renewable energy potential and in wind energy production, the state says.

Texas has been the top wind producer for the past two years in the United States. Additionally, the state notes, Texas accounted for nearly a third of the new wind power installed in 2006, and three of the five largest wind farms in the nation are located in the Lone Star State. 

“As of 2007, Texas has an installed wind generating capacity of 2,768 megawatts, which is enough power for more than 600,000 average-sized homes each year,” the state says. “Recent state legislation has laid the groundwork for large transmission lines, which will further accelerate the use of wind power in the state; an additional 1,000 megawatts of wind power is currently under construction.”

Texas says it is pursuing other renewable energy technologies such as solar, geothermal, wave or tidal energy, biomass and methane gas, and hydropower.

Protecting the Industry’s Interests
In addition to the work done by North Texas Energy Group and its fellow service providers, there are a number of industry organizations working to support the oil and gas market. Texas Oil & Gas Association (TXOGA) is the petroleum trade association in Texas that unites the Texas oil and gas industry to work for a common good, it says. Founded in 1919, TXOGA says it is the oldest and largest organization in the state representing petroleum interests and continues to serve as the only organization in the state that embraces all segments of this industry.
There are approximately 2,000 members in the association.

“There are three focal points for the association’s activities: legislation, regulation and public/industry affairs,” it says. “The work of the association is concentrated in these areas in order that it may be responsive to the ever-growing demands made on the industry by federal, state and local governments, and by the general public. To do this, the association turns to its strong member-supported committee structure which mobilizes industry representatives with expertise in various fields to deal with specific problems.”