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Texas, nationwide retail gasoline prices continue to decline

COPPELL, Texas (AP) — Retail gasoline prices across Texas have declined 6 cents this week to settle at $2.15 per gallon. AAA Texas on Thursday reports the nationwide average price slipped 7 cents this week to reach $2.37 per gallon. Amarillo has the cheapest gasoline in Texas this week at an average $2.01 per gallon. The association survey found drivers ...

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Settlement reach in Chesapeake oil, gas royalties fight

DALLAS — Chesapeake Operating Inc. and some Barnett Shale mineral rights owners have reached an out-of-court settlement over alleged underpaid oil and gas royalties. The settlement announced Wednesday involves more than a dozen mineral rights owners, including billionaire investor Edward Bass of Fort Worth. Terms weren’t released. Oklahoma City-based Chesapeake has handled production activities on some of the North Texas ...

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Hundreds more job cuts announced in Texas

Texas can expect yet another wave of job cuts throughout the oil and gas sector as numerous firms have announced a combined 700 employee reduction in the upcoming months. Recently, ConocoPhillips announced a 10 percent reduction in its total labor force. According to a report from Fuel Fix, this equates to more than 500 positions in the Houston area, at ...

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Top Oil and Gas Producers, Financial Experts to Share Cost-Cutting Strategy at 2015 DUG Eagle Ford Conference

Houston, Texas (September 1, 2015) – As the world’s most active shale play, the Eagle Ford is expected to lead the way during the next phase of business cycle. More than 4,000 industry professionals will explore the path forward at Hart Energy’s DUG Eagle Ford conference and exhibition. The 6th annual event is set for October 25-27 at the Henry ...

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Texas Democrat confident House will pass bill on oil exports

US Capitol Houses of Congress Washington DC

With some optimism and a bit of luck, the 40-year ban on oil exports could be on its way out thanks to recent legislation in the U.S. House. When speaking on the current legislation, Texas Democrat Rep. Henry Cuellar of Laredo stated that “the House is going to pass it.” The Texas Tribune reported that Cuellar, among the handful of ...

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One Texas company claims even $15 per barrel is profitable

Texas-based oil giant Carson Energy may have figured out a means to completely scoff at even the lowest of oil prices. The industry can’t remove its gaze away from Carson. This week, the company released new analysis that shows rich Texas oil fields can be profitable at just $15 a barrel. “Many investors feel you have to be getting over ...

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Eagle Ford continues to pull billions in investments

These days, petroleum prices are a calamity at best, but according to a new projected capital analysis, energy companies will spend $20 billion in the Eagle Ford Shale this year. The new projections come from a recent study from research firm Wood Mackenzie. Last week, the firm stated that even with severe reductions in activity, the Eagle Ford remains resilient ...

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Texas regulator clears oil and gas company of causing quakes

AUSTIN, Texas (AP) — The regulatory agency overseeing Texas’ oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn’t caused by drilling operations by an Exxon Mobil subsidiary. The preliminary findings mark the first decision by the Texas Railroad Commission since it was authorized last year to consider whether seismological activity was caused ...

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Trump, other non-Texans may have Cruz defending home turf

AUSTIN, Texas (AP) — In tea party friendly Texas, no political star has burned brighter in recent years than Ted Cruz. He rode a grassroots groundswell to an upset Senate victory in 2012, further solidified his conservative credentials by helping lead a government shutdown and has built his presidential campaign around wooing the Republican Party’s far right wing. But Cruz ...

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