Tag: Texas

Texas wind cracks 10 percent threshold

The amount of wind power generated in the state cracked the 10 percent threshold last year for the first time as the industry continues to make strides in the western and Panhandle regions of Texas.  More »

U.S. shale oil growth hurts Canadians as well as OPEC

A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners.  More »

Texas job growth to slow as oil prices tank

The Federal Reserve Bank of Dallas said Tuesday that Texas would continue to add jobs in 2015, but that the total number of new jobs could decrease by up to 173,000.  More »

AAA: $2 gasoline hits almost a dozen states

The price for a gallon of gasoline in Texas has fallen 8 cents since Jan. 5 to reach $1.90, AAA said.  More »

Investment firm lays off 150 employees from oil field companies

OFS Energy’s layoffs come after oil field service companies like Halliburton and Hercules Offshore have announced sizable layoffs in November and December.  More »

Gov. Perry: Falling oil prices ‘painful’ for parts of Texas

Addressing a conservative forum Friday in Austin, Perry said Texas has diversified its economy since the 1980s when an oil bust brought economic misery to much of the state.  More »

Oil rigs fall by most since 1991

Producers idled the most oil rigs in a single week since 1991, as a more than 50 percent fall in crude prices further impacted drilling.  More »

Incoming Lt. Gov. Patrick vows tax relief despite oil prices

Patrick acknowledged Monday that the slowdown of the oil and gas industry is impacting sales tax collections that give lawmakers spending power.  More »

States work to meet new renewable energy standards

From New Mexico and Texas to Montana and New York, PNM and other investor-owned utilities are facing higher renewable energy standards starting this year as numerous states and the federal government push for a reduction in the use of fossil fuels for generating electricity.  More »

AAA: U.S. drivers saved $14 billion on gasoline in 2014

Analysts expect gasoline prices to remain low for much of 2015, too.  More »

Texas gasoline prices near $2

Across the nation, U.S. drivers are gas stations are averaging $2.27 per gallon.  More »

Oil prices fall to five-year low; 250,000 jobs at stake in 8 states

Manufacturers across Texas, as well as hotels and restaurants in the bustling rural oil towns in the western and southern corners of the state, could feel pain from declining oil prices before other industries.  More »

Survey: Texas manufacturers worried about oil price slide

Several manufacturing executives expressed pessimism over how falling oil would affect business next year.  More »

Oklahoma to increase wind-generated power

Data from the U.S. Energy Information Administration says developers are planning to increase wind power capacity with projects primarily in Oklahoma, Illinois, Iowa, Minnesota and Texas.  More »

Canadian oil surge to U.S. Gulf puts Mexico on defensive

The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.  More »
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