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Tag Archives: Texas

Sen. Heitkamp Speaks at Williston Economic Development Conference on Record U.S. Oil Exports

Heidi Heitkamp, methane rule

U.S. Senator Heidi Heitkamp addressed the Williston Economic Development Corporation’s conference with energy industry and community leaders from Midland, TX, to discuss issues in the oil and gas sector. She also talked about her work to successfully reach a deal to lift the 40 year-old ban on exporting domestic oil, which has led to record U.S. oil exports in recent ...

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ExxonMobil to Triple Permian Production by 2025

ExxonMobil announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased ...

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Retail gasoline prices up 3 cents in Texas, nationwide

Texas, gasoline prices

COPPELL, Texas (AP) — Retail gasoline prices in Texas and nationwide are up 3 cents this week. AAA Texas on Thursday reported the average price at the pump across the state was $2.15 per gallon. The nationwide average reached $2.36 per gallon. Drivers in Amarillo have the cheapest gasoline in Texas this week at $2.03 per gallon. The association survey ...

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Top Eagle Ford news stories: May 6-13

Eagle Ford news

Recap the top Eagle Ford news stories that graced our pages this week. Layoffs and legal struggles earned the top two spots in this week’s list. 5. Colorado bracing to repay millions in energy taxes DENVER (AP) — Colorado will have to cough up hundreds of millions in tax refunds to energy companies over the next couple years. And state ...

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ExxonMobil loses AAA credit rating as debt increases

ExxonMobil loses AAA credit rating as debt increases

Standard & Poor stripped ExxonMobil of its AAA credit rating due to a plunge in oil prices and weak forecast. The Texas-based company was downgraded to an AA+ credit rating. The ratings agency cited “low commodity prices, high reinvestment requirements, and large dividend payments.” The decision comes as Exxon’s debt has increased substantially. “The company’s debt level has more than ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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Top Marcellus news stories: April 8-15

Review the top Marcellus news stories from the past week. During a swing through New York, presidential candidate Bernie Sanders said he wants to eliminate fracking, and tragedy struck the oil industry as two workers were killed while repairing a Texas pipeline. 5.) Chevron announces more Houston job cuts Chevron plans to cut 655 Houston jobs as part of a ...

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New Mexico oil field regulators present spill allegations

SANTA FE, N.M. (AP) — New Mexico oil field regulators are providing evidence that a Texas-based driller spilled oily salt water repeatedly at waste-water injections sites without properly reporting it, and ignored initial warnings to stop. The New Mexico Oil Conservation Division on Thursday provided testimony, photographs and a video at public hearing to back up allegations that Siana Operating ...

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US wind energy output hit record in ’15, industry group says

US wind energy output hit record in '15, industry group says

BRIGHTON, Colo. (AP) — An industry group says wind energy generated a record 191 megawatt-hours of electricity last year, enough for 17.5 million homes. The American Wind Energy Association said Tuesday that wind produced 4.7 percent of the nation’s electricity in 2015. It says coal generated 33 percent and natural gas slightly less than that. The association released the statistics ...

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