v1energy.com

KHOU - As gas prices climbed last summer, it seemed we couldn't pump oil fast enough. After months of rising, the rotary rig count for oil and gas drilling is now free falling. Business, for those who explore for oil and gas, is becoming too slow for comfort. In fact, the number of oil and gas drilling permits issued by the state has plunged by a third. "It's a waiting game right now," said Michael Harness, who runs the Osyka Corporation. Read More