(Eddie Seal/Bloomberg News)

EXCO Resources to cut capex 59 percent next year

The company said it will focus its efforts in the Haynesville Shale in northern Louisiana and in East Texas.

TCAP Commentary: Big Utility Deal Raises More Questions

A consortium of investors led by Dallas billionaire Ray L. Hunt wants to acquire Oncor. Is the deal in the public interest? It’s now up to the Texas Public Utility Commission to decide.
An ERCOT worker mans a desk in the Texas electric grid manager's Austin control room. (ERCOT/Tom Reel)

ERCOT taps new second-in-command

Cheryl Mele, deputy general manager and COO of energy for the city of Austin, will take over the post in mid-January.
Over thirty oil drilling rigs idling in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, in the Permian Basin on  May 18, 2015. (Courtney Sacco/Odessa American via AP)

Oil rig count resumes plunge, with Permian among hardest hit

Gains elsewhere in Texas shielded the losses in the Permian Basin, the state’s biggest oil and gas field.
David Crane, president and chief executive officer of NRG Energy, Inc. ,  looks at Solar panels above a parking lot at Arizona State University in Tempe, Arizona Tuesday June 11, 2013. (Laura Segall/ Bloomberg News)

NRG Energy makes management shifts amid sinking stock

NRG President and CEO David Crane bemoaned the “unabated selloff in our stock” earlier in November.
An LNG tanker offloads in Cove Point, Md., in 2003.  (AP Photo/ Matt Houston)

Commentary: Global oversupply is persistent in global oil, LNG markets

Seven score and twelve years after Abraham Lincoln delivered the Gettysburg Address, and the crude complex is examining its own principles: those of supply and demand. Given the current lack of equality betwixt the two, crude prices are heading lower once again, dipping below $40 for a second consecutive day. US and Canadian production provide […]
Categories: Crude oil, Texas
Keira Phair, of Westchester, Ohio, holds a rainbow flag during the Cincinnati Pride parade, Saturday, June 27, 2015, in Cincinnati. On Friday, the U.S. Supreme Court ruled that same-sex couples have the right to marry nationwide. (AP Photo/John Minchillo)

Oil and gas companies score low on LGBT workplace equality

Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
(Jerry Lara/San Antonio Express-News)

Dallas Fed CEO says crude glut could persist until 2017

The state’s unemployment rate at 4.3 percent remains well below the 5 percent national average, even as oil and gas companies curtail spending plans and shrink their payrolls.
A worker passes by an Air Liquide logo at the Air Liquide hydrogen plant in Port Jerome, France, on Friday, July 24, 2009. The company announces its earnings next week. Photographer: Fabrice Dimier/Bloomberg

Air Liquide Americas CEO: $10 billion price tag for Airgas is “appropriate”

The French company just moved into its new two-building Air Liquide Center in October in Houston’s Memorial City to serve as its Americas headquarters.
(Chris Ratcliffe/Bloomberg)

BP looks to sell Alabama petrochemical complex

BP said it is focusing more on world-scale, low-cost facilities that utilize BP proprietary technology.