PENNY WATCH

[Street_Gnocca]

LHPT .0002 In Texas crude oil and natural gas production is a $115 billion industry, producing nearly one million barrels of oil a day. Lighthouse Petroleum’s home market is also near Houston, the leading oil and gas region in the U.S., with more than 500 exploration and production firms, 150 pipeline transportation businesses, and 42 of the nation’s top publicly traded oil and gas exploration/production firms. In Texas, just in 2012 there were 10,936 new oil wells completed and 3,580 new gas wells completed, with an average rotary rig count of 899. Mississippi produces over 24 million barrels of oil annually, and Louisiana has a $70 billion oil and gas industry.
http://www.lighthousepetroleum.com/operations/