Category: Texas

Volatile Bakken crude expected to keep flowing through Texas

AUSTIN – Despite falling oil prices, production cutbacks and persistent safety concerns, rail officials plan to continue shipping millions of gallons of volatile crude oil from the Bakken region of North Dakota through Texas, according to updated records provided by state officials on Wednesday. Average weekly volumes reflect little change from a first batch of […]  More »

84th Texas Legislature: Energy Consumer Watchlist

The 84th session of the Texas Legislature is in full swing, with scores of bills already filed that could end up helping or harming Texas energy consumers.  More »

These 19 counties generate the most oil and gas taxes for Texas

Which parts of the state are generating the most in oil and gas taxes?  More »

West Texas frac sand proposal abandoned

The businessman, Lee Pfluger, ended months of increasingly rancorous debate with a dramatic flourish, making his announcement during a highly anticipated civic meeting in San Angelo on Monday.  More »

BHP backing away from U.S. drilling

BHP Billiton Ltd., the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40 percent as plunging petroleum prices add to concerns about lower iron ore earnings.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

Plunging oil prices take toll on Texas budget outlook

Republican Comptroller Glenn Hegar said his estimate expects “moderate expansion” in the Texas economy while reflecting uncertainties in oil prices..  More »

Oil rigs fall by most since 1991

Producers idled the most oil rigs in a single week since 1991, as a more than 50 percent fall in crude prices further impacted drilling.  More »

Halcón offers second round of budget cuts as crude continues fall

The Houston-based company said yesterday it will spend between $375 million and $425 million drilling and completing new wells this year.  More »

Texas city that prepared for oil boom now waits for bust

Sweetwater envisioned becoming a major player in the hydraulic-fracturing boom, thanks to its location atop the Cline Shale, once estimated to be the nation’s largest underground petroleum formation.  More »

Small Texas oil company files for bankruptcy protection

Austin-based WBH Energy Partners told a Texas federal bankruptcy court this week that its partner in North Texas oil and gas leases had warned it may foreclose on the private firm’s stake in the leases this month after it failed to pay its $12 million share of operational expenses.  More »

States work to meet new renewable energy standards

From New Mexico and Texas to Montana and New York, PNM and other investor-owned utilities are facing higher renewable energy standards starting this year as numerous states and the federal government push for a reduction in the use of fossil fuels for generating electricity.  More »

New Texas oil regulator steps down from oil firm

The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust.  More »

Texas crude production soars, but signs of slowdown emerge

Texas producers have been scrambling to recalculate and re-recalculate the economics of their investments in the state’s shale fields.  More »

Texas lawmaker seeks to protect urban drilling

State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.  More »
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