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Top 5, Eagle Ford, Texas
Wind turbines and oil well outside Sweetwater, Texas, USA. (Image: Michael W. Wile via Flickr)

Top 5 Eagle Ford news stories of the week – March 26 – April 1

Take a look back at the week’s top stories from Eagle Ford Texas.

5. Texas jobless at 4.4 percent for February, down 0.1 percent

texas jobless rate

AUSTIN, Texas (AP) — Texas’ unemployment rate in February fell to 4.4 percent, down one-tenth of a percentage point from the previous month, showing job growth in seven of the 11 major industries monitored by the Texas Workforce Commission, the agency said Friday.

Education and health services added 6,100 jobs, marking the 37th straight month of gains in those sectors. Another 5,500 jobs were added to trade, transportation and utilities industries.

The 4.4 percent Texas unemployment rate compares with the national jobless rate of 4.9 percent.

Read more about unemployment in Texas here.

4. US rig count drops 12 this week to all-time low of 464

rig counts, baker hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 12 this week to 464, a record low amid continuing price woes in the energy industry.

A year ago, 1,048 rigs were active.

Houston-based oilfield services company Baker Hughes Inc. said Thursday 372 rigs sought oil and 92 explored for natural gas.

Read more about the U.S. rig count here.

3. Texas oil and gas regulator dashes Army Corps’ drilling rule

oil and gas regulator, drilling rule, army corps

Fracking in motion in northwestern New Mexico. Photo by Mike Eisenfeld. (Image: WildEarth Guardians via Flickr)

GRAND PRAIRIE, Texas (AP) — Texas’ oil and gas regulator has challenged the U.S. Army Corps of Engineers’ authority to ban hydraulic fracturing and limit injection wells near a North Texas dam.

In a letter sent to the corps on Thursday, Texas Railroad Commission Executive Director Kimberly Corley questioned restrictions the corps announced last week that would ban fracking within 4,000 feet and limit injection wells within five miles of the Joe Pool Lake dam.

Read more about the Army Corps of Engineer’s drilling rule here.

2. Hybrid airship deal could benefit oil, mining industries

hybrid airship

CALGARY, Alberta (AP) — The long-held vision of giant airships nearly the length of a Canadian football field delivering workers and supplies to the oilsands and the North’s mining sector is a step closer to reality.

U.S.-based Lockheed Martin has announced it has a letter of intent to sell 12 hybrid airships to Straightline Aviation of the United Kingdom.

Straightline and Hybrid Enterprises, Lockheed Martin’s hybrid airship reseller, are finalizing the purchase agreement, which has a potential value of US$480 million.

Read more about hybrid airships here.

1. Oil-dependent New Mexico joins climate-change coalition

Pump jack and flare operating in the Permian Basin, Eddy County, New Mexico. (Image: Blake Thornberry via Flickr)

Pump jack and flare operating in the Permian Basin, Eddy County, New Mexico. (Image: Blake Thornberry via Flickr)

SANTA FE, N.M. (AP) — New Mexico Attorney General Hector Balderas has joined a coalition of 17 state attorneys general to combat global warming by examining whether fossil fuel companies misled investors or the public on the impact of their business.

State Deputy Attorney General Tania Maestas met Tuesday in New York with other prosecutors in the coalition. New Mexico depends heavily on the oil and natural gas industries to fund government operations and endowments.

Read more about New Mexico joining the climate change-change coalition here.

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