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Tag Archives: Texas oil and gas

2016 Texas Oil & Gas Awards Winners Announced

oil and gas awards

The 4th annual Texas gala ceremony was held in Houston on November 3rd at DoubleTree by Hilton Houston Greenway Plaza where hundreds of oil and gas executives gathered together to celebrate leading companies in operational excellence, innovation, corporate social responsibility, health and safety as well as environmental stewardship. Congratulations to our 2016 Texas Oil & Gas Awards Winners: Trucking Company of ...

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‘Hard choices’ in Texas as oil bust, costly lawsuits collide

AUSTIN, Texas (AP) — The oil bust already shrinking Texas’ coffers is colliding with the possibility of the state getting socked with multibillion-dollar verdicts in major lawsuits, budget officials said Tuesday, which could test years of Republican resistance to cracking the state’s emergency piggybank. No lawmakers or budget-crunchers raised the potential of spending cuts or a shortfall when the Legislature ...

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Texas, New Mexico oil producers push for import limits

ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. “American oil is competing against a cartel of government operators which has a stated initiative ...

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Oil bust sends Texas budget writers back to work; what now?

AUSTIN, Texas (AP) — The biggest Texas oil bust in decades has lawmakers taking stock of the fallout as other energy producing states slash spending. House budget writers are meeting Tuesday for the first time in 2016 to figure out how much the oil and gas downturn is hurting the state’s bottom line. Oil prices fell in the past two ...

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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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Mexico moves up fuel imports seeking to spur investment

MEXICO CITY (AP) — Mexican officials have moved up the date for opening the country’s market to imported fuels in an attempt to spur investment at a time when low oil prices have forced the government to cut spending. President Enrique Pena Nieto said Monday during a visit to Texas that businesses will be able to begin importing gasoline and ...

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Texas cities ask federal officials to cancel drilling leases

Aerial view of Lewisville Lake and Dam on the Elm Fork of the Trinity River in Denton County, Texas, USA. The lake is located near the town of Lewisville about 20 miles (32 km) north of Dallas. The dam was constructed in 1954 by the U.S. Army Corps of Engineers for flood control and water supply. View is to the north. (Image U.S. Army Corps of Engineers)

LEWISVILLE, Texas — Some North Texas cities and environmental groups have asked federal officials to halt plans to allow gas drilling under a lake that’s a drinking water source for millions and has a dam cited by the U.S. Army Corps of Engineers as being in hazardous condition. As many as 259 acres are up for auction for natural gas ...

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Economists say Houston can weather oil downturn

HOUSTON — Gone are the lavish lunches with bottles of wine and luxury cars rolling off the lots, but economists say Houston should weather the latest downturn in oil. The local economy is showing strains entering the second year of the worst oil downturn in decades but it’s not collapsing the same way as previous oil busts, The Houston Chronicle ...

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2015 was a roller coaster ride for energy

2015 was a roller coaster ride for energy

It has been a rough-and-tumble ride for the energy industry in 2015 as prices have continued to search for their “bottom” all year. Even as the New Year looms, prices are sitting around $37 a barrel, their lowest spot since the Great Recession of 2009, according to the DailyFX Market News and Analysis website. Oversupply has wracked oil markets as shale ...

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