Tag: Texas

Texas sees surge in tax revenue from natural gas motor fuels

As more consumers embrace natural gas vehicles, Texas is seeing a surge in sales tax revenue, more than double what the state was expecting to collect by mid-year.  More »

Texas weighs new pipeline rules

Some Texas attorneys think proposed changes to state eminent domain rules for oil and gas pipeline operators don’t go far enough to protect people from the companies that take their land.  More »

CP Exploration II gets $150 million credit line

Local private equity firm Post Oak Energy Capital committed a $150 million line of equity to CP Exploration II, a privately-held exploration and production company based in Dallas and Lafayette, La., the companies announced Monday morning.  More »

Rallying Permian beats anew as heart of Texas oil

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 »

Fortune Global 500 list heavy on oil

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.  More »

Texas oil production set to top No. 2 OPEC country

Texas now is pumping 36 percent of the nation’s oil, more than doubling its production in three years, according to new federal data.  More »

Residents put pressure on fracking firms as quakes plague region

Earthquakes used to be almost unheard of on the vast stretches of prairie that unfold across Texas, Kansas and Oklahoma, but they’ve become common in recent years.  More »

Drug gangs attacks block Mexican shale boom

Violent drug traffickers are the latest challenge facing Mexico as it attempts to replicate the kind of shale bonanza taking place in Texas.  More »

Perry: California should learn something from Texas

During the bulk of his controversial talk to the Commonwealth Club of California , Perry held up his own state as a model for responsible energy production and economic growth.  More »

Ranked: Oil states lead nation in economic growth

The energy industry was a major driver of economic growth in several of the nation’s fastest-growing states last year, including Texas and the Rocky Mountain region, according to data released Wednesday by the U.S. Bureau of Economic Analysis.  More »

McClendon venture to enter shale territories in $4.25B deal

The three announced acquisitions are the latest in a series of moves by Aubrey McClendon, one of the first wildcatters to capitalize on the U.S. shale boom, to rebuild his empire after he relinquished his perch at the top of Chesapeake Energy last year.  More »

Texas, North Dakota tell happier shale tales than California

Two weeks after government officials all but demolished California’s shale-oil reserve estimate, Houston oil analysts offered a more optimistic view of plays in Texas and North Dakota.  More »
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