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Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
A report released Friday by the U.S. Energy Information Administration shows the capacity of solar installations grew by more than 32 percent nationwide last year.
Amarillo has the cheapest gasoline in Texas this week at an average $1.46 per gallon. Drivers in El Paso are paying the most statewide at an average $1.62 per gallon.
Output from the Eagle Ford has been falling since March 2015.
More than two dozen Texas bankruptcy attorneys expect a 30 percent increase in corporate restructurings and bankruptcy filings in the state this year, according to a sampling of bankruptcy attorneys by Houston consultancy HSSK.
San Antonio-based Valero Energy Corp. reported a 9.5 percent drop in fourth quarter earnings that strongly outperformed what analysts were expecting from nation’s largest independent oil refiner.
Despite the Lone Star State’s vast number of wind farms already in operation, Texas now counts more than half of the entire nation’s wind growth currently under construction.
Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
The new “Freeing the Grid” report from Vote Solar and the Interstate Renewable Energy Council also gave Texas a “D” grade on its interconnection policies, which are the rules customers follow to “plug” their renewable energy generation into the grid.