Tag: Texas

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 »

Tea Party group wants to kill wind tax credit

Waste in the Wind, a new group with Tea Party roots, is fighting efforts to restore a wind-production tax credit opponents say distorts energy markets by subsidizing generation that can’t stand on its own.  More »

Let the complaints begin…

A day after the roll out of the EPA’s proposed greenhouse gas control rule for existing power plants under the CAA, section 111(d), we have the usual complaints from the usual quarters that meeting the requirements will cause wide economic disruption, and that the proposal is not legally consistent with the 111(d) provisions of the […]  More »

Wholesale power cap goes up in Texas

The maximum price generators can charge for wholesale electricity in Texas’ competitive electricity market has increased to $7,000 per megawatt-hour.  More »
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