Article 382
OPEC deal: ‘Good news for U.S. producers, Houston economy’

The move took many by surprise. OPEC members agreed Wednesday to a preliminary deal that will cut the cartel’s oil production for the first time in eight years, boosting hopes in Houston that crude prices will quickly climb above $50 a barrel and accelerate the industry’s nascent recover ...

Crestwood to build, operate $180M Permian natural gas system

By Mike D. Smith Houston-based Crestwood Equity Partners will build, own and operate a $180 million natural gas gathering system in Texas’ Permian Basin. As part of Crestwood’s deal with SWEPI, a subsidiary of Royal Dutch Shell, Crestwood has a long-term agreement to gather natural gas i ...

SEC charges Atlas Pipeline shareholder Cooperman with insider trading

By Mark Curriden of The Texas Lawbook The U.S. Securities and Exchange Commission has charged a New York hedge fund manager with violating federal insider trading laws involving the 2010 purchase of securities of Atlas Pipeline Partners, which is now owned by Houston-based Targa Resources. Regulator ...

Houston-area sand company files for IPO as industry prospers

By Mike D. Smith Smart Sand, The Woodlands-based company that produces sand for hydraulic fracturing, plans to go public. The company on Friday filed a registration statement with the Securities and Exchange Commission for an initial public offering, documents show. RELATED: Want a good investment? ...

Cheniere shuffles executive team, names new CFO

By Michael D. Smith Houston-based Cheniere Energy has named a new leadership team. Jack Fusco, who in May was named Cheniere’s CEO, said in a statement Monday that the new team “will help us achieve our vision to be recognized as the premier global LNG company.” Among the changes,  ...

Houston gas prices dip as national average rises

By Michael D. Smith Retail gas prices fell 2.5 cents during the past week in the Houston area, opposite the rest of the nation, according to gas price-tracking website GasBuddy.com. The Houston-area average on Sunday was $1.94 per gallon for regular unleaded gasoline. That is 12 cents cheaper than a ...

Commentary: Are presidential hopefuls ignoring real issues of renewable fuels?

The debate over policy governing renewable fuel requirements has intensified recently. Powerful interest groups have ignited a divisive battle to influence policy-makers. When it comes to this year’s election, renewable fuels continue to be well-supported, but policy mandating the use of those ...

Why abundant energy resources are a problem for next president

  In June of 2008, the last time there was an open race for the White House, this is what the Energy Department said the new president would face: domestic oil production near historic lows, increased use of coal to meet electricity demand, slow adoption of renewable power, and a deceleration o ...

Commentary: Knowledge has helped industry drill safely in Arctic for decades

By Nikki Martin As environmental groups continue to try to find ways to ban fossil fuel development, they often point to pictures of snow-covered tundras to make the point that we “just don’t know enough” about the Arctic environment to be able to operate there safely. As a part of an industry that ...

LyondellBasell chooses Houston area for $700M plastics plant

Chemical maker LyondellBasell said it will build a $700 million plastics plant in the Houston area, creating nearly 1,000 construction jobs and providing another boost to the region’s booming petrochemical industry. LyondellBasell, based in Houston, said construction of the plant, to be located at t ...

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