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Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

U.S. a net oil exporter to Mexico for first time in decades

The U.S. sent more crude oil and petroleum products to Mexico than it received for the first time in at least two decades in July, according to the latest government data.
(AP File Photo/Sue Ogrocki, File)

BlackRock buys into new Texas wind projects

While the terms are not being disclosed, BlackRock also recently bought a 50 percent stake in the new, 200-megawatt Hereford Wind Project, which is southwest of Amarillo.
This Aug, 31, 2005 file photo shows a man pushing his bicycle through flood waters near the Superdome in  New Orleans after Hurricane Katrina left much of the city under water. (AP Photo/Eric Gay, File)

Law center: Gulf Coast rig repair firm apologizes for mistreated workers in Katrina aftermath

Signal hired roughly 500 Indian welders and shipfitters after the devastating 2005 hurricane in a rush of repair work on storm-damaged oil equipment and rigs.

US drilling states guided on handling quakes

The 150-page report, produced by the StatesFirst initiative, represents perhaps the most candid discussion on the topic since tremors across the mid-continent — including in Oklahoma, Texas, Colorado and Ohio — began being linked to fracking and deep-injection wastewater disposal around 2009.
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Shale drillers spending most of their cash paying off high debt

North American oil explorers have only hedged about 11 percent of their oil production in 2016. That’s well below the 28 percent of oil production they’ve hedged in the third quarter of this year and , according to research firm IHS.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Texas, nationwide retail gasoline prices continue to fall

AAA experts say retail gas prices remain much cheaper than last year due to the relatively low price of crude oil in a trend expected to continue into autumn.
(AP Photo/Itsuo Inouye, File)

Scandinavian Airlines scraps Norway-Texas ‘oil route’ flights as business dips

SAS Group spokesman Eivind Roald says there were “no sound commercial grounds for continuing this niche route.”
(Photographer: Eddie Seal, Bloomberg)

EIA: Shale output fell by 350,000 barrels a day since April

Government analysts say shale oil fields in Texas, Colorado, North Dakota and Ohio are set to decline by 80,000 barrels a day this month, bringing their combined daily output to 5.2 million barrels in October.
Money Roll

Royalty checks shrink as oil, gas prices tumble

Land owners who leased their property to drillers during the oil and gas boom with the promise of steady income are feeling the pinch, the Dallas Morning News reported
(Spencer Platt/Getty Images)

Rig count drops for second week in a row

The renewed plunge in oil rigs comes after weeks of instability in the price of crude, with West Texas Intermediate, the U.S. benchmark, hitting as low as $37 on Aug. 24.