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Authorities: 3 train workers in Texas wreck presumed dead

train collision Texas

DALLAS (AP) — Three missing crew members from the two freight trains that collided head-on in the Texas Panhandle are presumed dead, the Texas Department of Public Safety said Wednesday. Emergency personnel at the scene of Tuesday’s collision about 25 miles northeast of Amarillo have moved to a recovery operation, DPS Sgt. Dan Buesing said. Each train had a two-member ...

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Texas gas price average remains steady as holiday approaches

The price of gas in Texas seems to be holding steady despite the approaching Fourth of July holiday.

COPPELL, Texas (AP) — As drivers prepare for the July Fourth holiday, the average price of retail gas across Texas remains steady. AAA Texas said Wednesday that the statewide average for a gallon of regular unleaded gas is at $2.12 this week. That price is the same as last week and 46 cents less per gallon than last year. Drivers ...

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SEC: Texas CEO used funds on strip clubs, private jets

Chris Faulkner, ceo breitling energy

HOUSTON (AP) — A Texas energy company CEO dubbed the “frack master” is charged with defrauding investors of about $80 million, including misappropriating at least $30 million for personal expenses, including private jets and gentlemen’s clubs, to “maintain a lifestyle of decadence and debauchery,” according to a lawsuit filed Friday by federal regulators. In its lawsuit, the Securities and Exchange ...

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Texas retail gasoline prices down penny at $2.13 per gallon

Vintage gas pumps

COPPELL, Texas (AP) — Retail gasoline prices across Texas have dropped a penny this week to settle at an average $2.13 per gallon. AAA Texas on Thursday reported the national price at the pump also declined, slipping 4 cents this week to reach an average $2.32 per gallon. Amarillo has the cheapest gasoline statewide at an average $2.02 per gallon. ...

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Xcel Energy plans $400M Texas, New Mexico transmission line

Exelon closes deal to buy Pepco, creating largest US utility

AMARILLO, Texas (AP) — Xcel Energy plans to build a 345-kilovolt power line between Texas and New Mexico to extend its electrical transmission system. The company on Wednesday announced the $400 million project to connect a substation north of Abernathy, Texas, to a similar site in Eddy County, New Mexico. Xcel says it’s begun seeking regulatory approval for the 240-mile ...

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Oil bust leaves states with massive well cleanup

derrick, oil well,

BIGFOOT, Texas (AP) — The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental hazards. As U.S. rig counts plunge to historic lows, and with at least 60 oil producers ...

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Top 5 Eagle Ford Stories of the Week, June 11-17

Top 5 Stories of the Week in the Eagle Ford Shale area

Transcanada and Spectra Energy are working on pipelines to bring natural gas to Mexico. The pipelines will greatly benefit Texas. Eagle Ford shale to benefit from $3.6B pipeline projects 2. The number of rigs exploring for oil and natural gas in the U.S. rose by six last week to 414, the second consecutive week the count has increased after a slide that ...

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AAA: Texas retail gasoline prices down a penny this week

Image: Patrick Emerson via Flickr

COPPELL, Texas (AP) — Texas retail gasoline prices has slipped a penny this week to settle at an average $2.14 per gallon. AAA Texas on Thursday reported that the nationwide price at the pump held steady at $2.36 per gallon. Amarillo has the cheapest gasoline in Texas this week at an average $2.06 per gallon. The association’s weekly survey found ...

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Eagle Ford shale to benefit from $3.6B pipeline projects

Eagle Ford, pipeline, natural gas, Mexico

Eagle Ford shale producers are benefiting from Mexico’s need for more electricity. Mexico’s state-owned Federal Electricity Commission recently awarded $3.6 billion in pipeline projects to TransCanada, Spectra Energy and others. The projects will transport shale gas from Texas to Mexico to help meet the country’s growing electricity needs. For decades, Mexico’s electric power infrastructure has been hampered by inefficiency and ...

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Top Eagle Ford news stories: June 3-10

Eagle Ford news, rig count, oil

Catch up on the top Eagle Ford news stories from the past week. Rising oil prices led to the first increase of the national rig count this year. 5. Colorado has 40 times more natural gas than thought DENVER (AP) — Western Colorado has 40 times more natural gas than previously thought, but an immediate boom is unlikely because of ...

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