Tag: Texas

How oil’s decline could spatter North Dakota

North Dakota’s petroleum industry could see a big tax cut if crude continues to slide, and if that happens, it means the state will be missing out on billions of dollars.  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 »

Oil crunch could cost Texas 128,000 jobs, Fed model shows

But falling oil wouldn’t be enough to slow the state’s job growth to zero.  More »

Enbridge lays off some Houston-area workers

The Houston-based pipeline company last week cut positions in its under-performing domestic gas pipelines and processing business unit, including jobs in the office and field locations.  More »

Why Texas is now home to bargain-hunting Japan oil buyers

Their move into Houston illustrates the challenge for OPEC as the highest American output in more than three decades lures the group’s traditional customers and benchmark prices tumble.  More »

Global gasoline prices don’t look the same as in the U.S.

Weak global demand and a flood of cheap oil from North American producers are sending the price of gasoline plummeting, but the savings won’t look the same around the globe as they do in the U.S.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

Texas drilling permits fall 50 percent in November, data shows

November’s batch of new Texas drilling permits fell 50 percent compared to the prior month, a sign that oil companies are holding back from boring into their sweetest spots while crude prices linger below $70 a barrel.  More »

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.  More »

Timeline: History behind Halliburton, Baker Hughes

Halliburton and Baker Hughes each have long histories tied to the beginnings of the oil industry in Texas and Oklahoma.  More »

In Denton, a vote ends very little

The measure has already drawn two formidable legal challenges, one from the Texas General Land Office and the other from the Texas Oil & Gas Association.  More »

Freeport LNG holds groundbreaking ceremony

The first construction will build two liquefaction trains, which will cool natural gas until it becomes a liquid more suitable for shipping overseas.  More »

Photos: Amid shale oil boom, “man camps” still growing

Life has changed quickly for the small towns at the center of the shale oil boom  More »

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »

Average retail gas prices drop 8 cents in Texas

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand.  More »
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