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Once wedded to oil, Houston economy carries on despite bust

View of downtown Houston, Texas. (Image: Sarath Kuchi via Flickr)

HOUSTON (AP) — Amanda Salazar watched for a year as colleagues at the Houston-based oil rig manufacturer where she worked lost jobs, victims of the latest oil bust. She realized it was time for a change before she too got a pink slip. So Salazar left her job as a software trainer with National Oilwell Varco for a similar position ...

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US rig count drops 14 this week to 450, another all-time low

rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 14 this week to 450, another all-time low amid continuing energy industry price woes. A year ago, 1,028 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 362 rigs sought oil and 88 explored for natural gas. Among major oil- ...

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Top 5 Eagle Ford stories of the week

Top 5, Eagle Ford, Texas

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 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 ...

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AAA survey finds Texas retail gasoline prices up 3 cents

COPPELL, Texas (AP) — Retail gasoline prices across Texas are up 3 cents this week to reach an average $1.89 per gallon. AAA Texas on Thursday reported gasoline prices nationwide rose a nickel to average $2.06 per gallon. Amarillo has the cheapest prices at the pump statewide with gasoline an average $1.78 per gallon. The association survey found Dallas and ...

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Texas jobless at 4.4 percent for February, down 0.1 percent

Texas jobless at 4.4 percent for February, down 0.1 percent

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. ...

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Texas oil and gas regulator dashes Army Corps’ drilling rule

Texas oil and gas regulator dashes Army Corps' drilling rule

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 ...

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Texas OKs Hunt buying Oncor, but moves to mitigate rate hike

Texas OKs Hunt buying Oncor, but moves to mitigate rate hike

AUSTIN, Texas (AP) — State regulators have approved Dallas mogul Ray L. Hunt’s $18 billion buyout of Texas’ largest electricity utility, but with caveats that could soften expected electric rate increases. The Texas Public Utility Commission on Thursday sanctioned the deal for Oncor, which serves 3 million-plus Texans. The deal comes after Oncor’s parent company, Energy Future Holdings, declared bankruptcy ...

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

rig count, 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. Among ...

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Shreveport to host Ark-La-Tex Oil Field Expo

Shreveport to host Ark La-Tex Oil Field Expo

The Ark-La-Tex Oil Field Expo will bring hundreds of qualified energy professionals together March 30-31 at the Shreveport Convention Center in Shreveport, La. Unlike other events, the Ark-La-Tex expo is free for people currently employed in the oil and gas industry. The industry-exclusive policy ensures maximum attendee relevance. Energy industry professionals can register for free admission on the event’s website. ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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