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Tag Archives: Texas

Number of US rigs down to 502; Texas down 5

u.s. drilling rig count

HOUSTON (AP) – Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 502. The Houston company said Friday that 400 rigs sought oil and 102 explored for natural gas amid depressed energy prices. A year ago, 1,267 rigs were active. Among major oil- ...

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Texas retail gasoline prices drops by a penny

Texas, retail, gasoline prices

COPPELL, Texas (AP) — Texas retail gasoline prices dropped by a penny this week, putting the average for a gallon of regular unleaded fuel at $1.52. AAA Texas on Thursday said that average is 63 cents less per gallon than last year. Drivers in Dallas and El Paso are paying the most at $1.56 per gallon. Drivers in Beaumont, Corpus ...

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Halliburton to cut 5,000 more jobs

Halliburton to cut 5,000 more jobs

Oilfield services company Halliburton will eliminate 5,000 more jobs – about 8 percent of its global workforce. Ongoing market conditions led to the decision, according to a statement by Halliburton. As oil prices hover near $30 per barrel, producers struggle to remain viable. Benchmark U.S. crude sold for $33.07 on Thursday. “We regret having to make this decision but unfortunately ...

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Longview port ends talks with oil refinery developer

Longview port ends talks with oil refinery developer

LONGVIEW, Wash. (AP) — Port of Longview commissioners have cut off talks with the Texas-based developer of an $800 million oil refinery and a propane terminal in southwest Washington. The Daily News of Longview says commissioners voted Tuesday 3-0 to end talks with Waterside Energy. The company proposed two projects on land adjacent to the port but needs to use ...

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Drivers benefit from low gas prices

gas prices, oil, drivers, motorists

Oil prices recovered slightly Monday, as the price of U.S. crude rose to $29.65 a barrel after previously hitting $28.36. While low prices have caused producers to struggle, the resulting low gas prices have been a boon to motorists. Texas Gas Prices lists the average price of gas in Texas at $1.67 per gallon. On Monday, a Conoco station in ...

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Gas, oil rigs down as Texas takes hit

Texas down 10 in weekly rig count

The number of active rigs searching for oil and gas in the United States dropped down 14 from last week for a total of 650 rigs. Texas saw the steepest decline, as seven rigs shut down, according to oilfield service company Baker Hughes. Just one oil rig shut down as crude oil prices continue to slump. The total number of ...

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Proposed energy plant may come to Rusk

Plans for a proposed energy plant in northwestern Cherokee County are making Precinct 3 Commissioner Katherine Pinotti giddy with the possibilities it could bring to county residents. “This is wonderful!” she said of Apex Power Group LLC’s interest in developing a power plant in her precinct. “It could not have come at a better time, and the (potential impact for ...

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US rigs down 9 this week to 700

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by nine this week to 700. The Houston firm said Wednesday 538 rigs sought oil and 162 explored for natural gas amid depressed energy prices. A year ago, 1,840 rigs were active. Among major oil- and gas-producing ...

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