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Tag Archives: Texas Oil and Gas Association

State high court rules for Hyders in Chesapeake royalty case

Fort Worth’s Hyder family won its fight in the Texas Supreme Court against Chesapeake Energy, with the state’s high court narrowly ruling that the Oklahoma City-based energy giant improperly deducted post-production costs from their royalty checks. In a 5-4 decision, the majority ruled that the agreement the Hyder family signed with the original production company, a lease that was bought ...

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Texas city leaders repeal voter-approved ban on fracking

DENTON, Texas — Leaders of a North Texas city have repealed a voter-approved ban on hydraulic fracturing by energy companies. The Denton City Council early Wednesday voted 6-1 to drop the fracking ban. The Denton Record-Chronicle says council member Keely Briggs dissented. Fracking involves blasting a mix of water, sand and chemicals into underground rock formations to release trapped oil ...

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House Bill 40 leaves many up in arms

Texas House

House Bill 40, which limits Texas cities and their ability to regulate oil and gas development, was the main topic of discussion in Austin on Monday between state leaders and the Energy Resources Committee. In attendance were more than 100 people who signed up to testify against the bill, many of which were from Denton, Texas, a city which banned ...

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War of words escalates on proposed drilling bill

Webb drilling

AUSTIN – A bill designed to tighten the state’s control over oil and gas drilling became a war of words Monday with industry leaders praising the legislation for helping to reign in rogue city ordinances while community leaders attacked it for going too far, claiming it would dismantle existing ordinances in at least 300 cities. House Bill 40 would not ...

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Texas’ oil and gas industry posts record revenue payments in 2014

money

Despite reports of declining prices, the state’s oil and gas industry reported record revenue payments in 2014. The state’s oil and gas industry posted a record $15.7 billion in taxes and royalties, Todd Staples, head of the Texas Oil and Gas Association, said in a conference call Tuesday morning. The findings were slated to be presented before a state legislative ...

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National environmental groups want to join Denton fracking fight

pump jack

National environmental groups joined forces with grassroots activists in Denton on Thursday, seeking to defend in court the first municipal fracking ban adopted in Texas. The Denton Drilling Awareness Group, a citizens group that fought to put the ban on the November ballot, and Earthworks, a national nonprofit organization based in Washington, D.C., filed a petition in court asking to ...

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Denton defends fracking ban as it hits the books

pump jacks

While Denton becomes the first city to ban fracking in Texas on Tuesday, the fight over its prohibition against the controversial drilling method is far from over. The grassroots initiative against hydraulic fracturing, approved by voters on Nov. 4, takes effect despite threats by the oil and gas industry and state officials that it violates state law. Since the city ...

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EDITORIAL: Local control — unless it nicks oil industry

In landslide fashion, voters in Denton decided Tuesday to ban further hydraulic fracturing within their city, making Denton the first city in Texas to prohibit the drilling technique. The vote marks the beginning of an interesting legal and political battle over local control. Denton voters knew they were courting trouble by considering a ban on fracking, but they determinedly declared ...

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