( Johnny Hanson / Chronicle )

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

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Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
(Sam Hodgson/Bloomberg)

Texas gets “F” grade on net-metering policies for solar power and more

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The new “Freeing the Grid” report from Vote Solar and the Interstate Renewable Energy Council also gave Texas a “D” grade on its interconnection policies, which are the rules customers follow to “plug” their renewable energy generation into the grid.
FILE - In this May 9, 2015 file photo, workers unload pipes at a staging area in Worthing, S.D., for the proposed 1,130-mile Dakota Access Pipeline that would stretch from the Bakken oil fields in North Dakota through South Dakota and Iowa to a hub in Illinois. North Dakota regulators are slated to decide the permit for the pipeline on Wednesday, Jan. 20, 2016. Regulators in South Dakota and Illinois already have approved permits for the project. (AP Photo/Nati Harnik, File)

Williams cuts its capital budget by more than $1 billion

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The 35 percent capital budget cut from last year comes amid the ongoing oil crash and just two weeks after Moody’s Investor Service downgraded Williams’ credit rating. Williams said it is slicing its capital budget from $3.3 billion down to $2.1 billion for the year.
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Texas manufacturing declines fastest in 11 years, Fed says

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Texas manufacturing activity fell the fastest in 11 years this month as crude prices crashed and the dollar rose, the Federal Reserve Bank of Dallas said Monday, after several months of reporting signs of an impending slowdown.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices plummet as storage levels hit 25-year highs

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The Houston area sees an average of just $1.61 per gallon of regular unleaded gasoline on Monday, which is down more than 4 cents in a week, while the national average dropped 6.5 cents to $1.82 a gallon, according to GasBuddy survey data. Texas overall is averaging $1.62 a gallon.
(Ty Wright/Bloomberg)

Costco recognized for cheapest gasoline in Texas, nationwide

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Costco sold gasoline 20 cents per gallon lower than its competitors throughout 2015 and offered the cheapest prices in 12 states, including Texas.
Two women sit outside the offices of the National Energy Board after locking themselves to the doors by placing bike locks around their necks, to protest the Kinder Morgan Trans Mountain Pipeline expansion, in Vancouver, Canada, on Monday, Jan. 18, 2016. The proposed $5-billion expansion would nearly triple the capacity of the pipeline that carries crude oil from near Edmonton to the Vancouver area to be loaded on tankers and shipped overseas. (Darryl Dyck/The Canadian Press via AP)

US tribes oppose massive pipeline expansion in Canada

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Kinder Morgan’s Trans Mountain project would nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. It would carry oil from Alberta’s oil sands to the Vancouver area to be loaded on to barges and tankers for Asian and U.S. markets.
Yellow oil barrels

Official: Possible Saudi IPO wouldn’t include oil reserves

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The chairman of Saudi oil giant Saudi Aramco was quoted as saying a possible initial public offering would not include the kingdom’s oil reserves.
This May 22, 2015 photo from the U.S. Coast Guard shows two members of the Coast Guard’s Strike Team surveying the site of the pipeline break in the hills above Refugio Beach north of Goleta, Calif. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

Oil stranded by Calif. pipeline break could be trucked out

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Santa Barbara County planners are expected to decide in about a week whether to grant Exxon Mobil Corp.’s latest request to use trucks to move more than 17 million gallons of oil stranded in storage after the pipeline shut down in May after the break.
Mother of two Jennifer Lee reacts while talking to other parents protesting with their children in Los Angeles' Porter Ranch on Devember 11, 2015, calling for the Los Angeles Unified School District to move the schools to protect the health of their kids amid an ongoing, massive gas leak. (Al Seib/Los Angeles Times/TNS)

Leaking Los Angeles gas well ordered shut down

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hearing board of the South Coast Air Quality Management District issued the order Saturday