(Jamie Schwaberow/Bloomberg)

Anadarko Petroleum posts 73 percent decline in net income

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Anadarko Petroleum Corp. posted a 73 percent decline in second-quarter net income Tuesday as it got lower prices for the extra oil and gas it was pumping from wells in Colorado and Texas.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Texas on track to beat 1972 oil production record

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Even as oil companies pare their spending budgets and pull back from some drilling activity, production in Texas has unexpectedly continued surging toward all-time highs, Karr Ingham, an economist for the Texas Alliance of Energy Producers, said Monday at his twice-per-year assessment of the state’s oil industry.
John Fainter, president and CEO of the Association of Electric Companies of Texas, poses in his offices Dec. 8, 2003, in Austin, Texas. (AP Photo/Harry Cabluck)

Longtime head of lobbying arm for Texas electric companies retires

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John Fainter, 76, who headed the Association of Electric Companies of Texas for 18 years, said he is retiring at the end of the year to spend more time with his grandchildren.
Texas Flooding

Texas Flooding Reveals Deficient Infrastructure

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Over 37.3 trillion gallons of water fell in Texas this past spring after heavy precipitation resulted in substantial flooding. While years of drought were literally washed away, the state experienced significant consequences of the flooding, including 21 deaths according to a report by NPR. The recent weather patterns exposed vital shortcomings in the state’s flood […]
Electric Reliability Council of Texas ERCOT

Commentary: ERCOT Seeks Fee Increase

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ERCOT wants to increase its revenues — and it’s seeking another rate hike to make it happen.
old lady paying bill

Low-income Texans expected to receive $50 electric bill discounts

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The Texas Coalition for Affordable Power, a leading advocate for House Bill 1101, called the legislation the most important this year for electric customers.
Petrobras workers walk on platform 51 "Majuro" in Angra dos Reis, Brazil. (AP Photo/Ricardo Moraes)

Oil job cuts subside as crude prices stabilize, report says

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Stable $60 oil gave the U.S. energy sector a break from mass layoff announcements in May and June.
A group of land owners and conservationist walk on a gasline right of way during a field day to see native plant restoration at Dobie Ranch in Live Oak County, where gas and oil lines have been given right of way, on Tuesday, Sept. 24, 2013. The "field day" several groups including the U.S. Department of Agriculture's Natural Resources Conservation Service, Texas A&M Agrilife Extension, Caesar Kleberg Wildlife Research Institute and South Texas Natives. (Bob Owen/San Antonio Express-News)

New safety rules for South Texas pipeline inspectors mandate “buddy system,” quicker gun licenses

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The policy changes follow complaints by Commission Chairman David Porter that the federal government had failed to protect pipeline rights-of-way from becoming pathways for illegal immigration and cartel activity.
Earthquake2-DaveSchumaker-flickr

Natural gas firm asked to show it’s not causing Texas quakes

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A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

XTO Energy asked to show it’s not causing Texas quakes

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Texas officials remain unconvinced about direct links — even as neighboring Oklahoma embraced research showing wastewater wells were likely causing quakes in that state.