Oilmen hope to make new history at Spindletop
The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life. More »
Texas natural gas value plummets by $1 billion
Energy industry activity in Texas generally has declined over the past year, as the rig count fell, drilling slowed, and hiring moderated, according to a monthly Texas Petro Index report. More »
Oil industry capital expenditures to jump 13 percent in 2012
Worldwide spending by oil and natural gas companies is on track to break $1 trillion this year, with North America commanding the largest portion, according to an analysis by GlobalData. More »
Report: U.S. oil reserves flourished in 2011
U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study. More »
Rig count rises by 11
The number of rigs actively exploring for oil and natural gas in the U.S. rose 11 this week to 2,023. More »
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