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 »
I didn’t intentionally seek out these nuggets on the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if you like. As crude oil production hits a new 28-year high and natural gas continues to achieve higher and higher record levels of […] More »
The Denton City Council voted down a petition 5-2 to ban new hydraulic fracturing after eight hours of testimony, sending the proposal to a public ballot in November More »
Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count. More »
As Denton considers permanently banning hydraulic fracturing within city limits, the state’s oil and gas regulator has weighed into the fray, arguing the move would undercut one of the key pillars of the Texas economy.’ More »
The Laredo-based nonprofit Rio Grande International Study Center and the Environmental Defense Fund plan five free workshops in the Eagle Ford Shale region to teach residents and workers what to do if they have concerns about oil and gas development. More »
The Permian Basin, which helped define the Texas oil business for 50 years then hit the skids, is back big-time, and a new government report makes the point. More »
General Electric’s Energy Financial Services unit and E.ON Climate and Renewables North America are forming an investment partnership to own and operate a Texas wind farm. More »
A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.
Wal-Mart took the No. 1 spot on Fortune’s Gobal 500 ranking of the world’s largest companies based on revenue, but the top of the list was sloshing with oil.
From 1998 to 2008, the average annual spot price of domestic natural gas more than quadrupled, from $1.96 per million British thermal units to $7.97, and the price moved into double digits several times during that time. That is not the case now. More »
Houston’s Linn Energy has inked a deal to buy assets in five U.S. operating areas from Devon Energy Corp. for $2.3 billion.