A fund that directs state oil royalties to Texas A&M and the University of Texas is approaching $1 billion in revenue for this year. More »
East Texas-based Navasota Energy plans to build natural-gas fired “peaking” units in Guadalupe and Wilson counties capable of quickly sending power to the Texas grid at times of heavy demand. More »
WellAware Holdings Inc., whose software lets energy companies track wells, pipelines and other oil-field equipment using smartphones, says it has secured $37 million in funding. More »
Pipeline and storage company Valero Energy Partners said Wednesday that its first-quarter net income fell 28 percent because of costs incurred as a new publicly traded company and because harsh winter weather stifled demand for products and slowed crude oil supplies. More »
Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.
Higher margins for its fuels and more crude oil processed at its plants propelled Valero Energy Corp. to a 28 percent increase in net income in the first quarter, the company said Tuesday. More »
Pioneer Energy Services Corp. posted a net loss for the period of $2.6 million, or 4 cents a share, compared with a net loss of $1.3 million, or 2 cents a share, for the same quarter a year ago. More »
During a visit to San Antonio Thursday, Energy Secretary Ernest Moniz said President Barack Obama’s push for use of all energy sources — his “all of the above” energy policy — is the best solution to meet the nation’s power needs. More »
The company said it took a $4.9 million charge related to the leak on its High Plains Pipeline system that was discovered by a farmer in northwest North Dakota on Sept. 29. More »
Weak margins led to a decline in profit for refinery Tesoro Corp. in the quarter ended Sept. 30. More »
NuStar Energy LP said Friday that it has received commitments from shippers who will use an expansion of the company’s pipeline system in the Eagle Ford Shale. More »
Tesoro valued the acquisition at $325 million.