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Austin-based Whole Foods misses on earnings

On the heels of another tough earnings report, Austin-based Whole Foods Market said it will slow its aggressive store growth, among other efforts, to stem declining sales amid increasing competition. Those growth plans still include adding a location in Cedar Park in the next few years, though, the company said. Shares in Whole Foods fell 7 percent or more in ...

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Railroad Commission says injection wells not linked to Azle earthquakes

The Texas Railroad Commission agreed Tuesday that two wastewater injection wells northwest of Fort Worth did not cause a rash of earthquakes more than a year ago. Commissioners unanimously agreed with hearing examiners that there was insufficient evidence to support findings that wells controlled by EnerVest Operating and XTO Energy near Reno and Azle contributed to seismic activity. The commissioners ...

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Policy expert will speak on industry’s future

FARMINGTON — A Washington, D.C-based energy industry advocate will share his ideas on the global and national challenges facing the industry at a free event at San Juan College on Thursday. Christopher Guith, senior vice president for policy at the U.S. Chamber of Commerce’s Institute for 21st Century Energy, will speak in the Merrion Rooms at the college’s School of ...

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Pioneer Natural Resources records strong bottom line

Silhouette of an oil and gas pump jack producing oil to be stored in adjacent oil tanks in Florida

Pioneer Natural Resources bolstered its bottom line in the third quarter by selling its midstream operations in the Eagle Ford Shale and implementing aggressive cost-cutting measures in its oil and gas drilling operations. The Irving-based energy company on Monday said net income rose to $646 million, or $4.27 per diluted share, compared with $374 million in last year’s third quarter. ...

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Texas regulator maintains gas company permits despite earthquakes

AUSTIN, Texas — The regulatory agency overseeing the oil and gas industry in Texas has voted to maintain the wastewater injection permits for two companies whose North Texas wells are believed to have caused a series of small earthquakes. The Texas Railroad Commission decided Tuesday to allow the permits. The commission previously ordered hearings after a university study suggested the ...

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Oil field affects major sectors of Crossroads economy

For better or for worse, many sectors of the Crossroads’ economy are married to the oil fields. From 2013 to 2014, the Victoria metropolitan area grew significantly in overall gross domestic product, despite some dips in a few key industries, according to numbers from the Bureau of Economic Analysis. The GDP, or value of goods and services produced, is used ...

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Repairs done, Union Pacific reopens Texas line after floods

CORSICANA, Texas — Repairs have been completed on some washed-out tracks in North Texas blamed for a weekend derailment that sent two locomotives into floodwaters. A Union Pacific spokesman says the line about 4 miles north of Corsicana reopened at 7:45 a.m. CDT Wednesday. Spokesman Jeff DeGraff (duh-GRAF’) says work will continue to finish the cleanup and clear out equipment. ...

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