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Tag Archives: Texas

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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US rig count drops 4 this week to all-time low of 476

natural gas drilling, rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 4 this week to 476, a record low and another sign of continuing price woes in the oil and gas industry. A year ago, 1,069 rigs were active. Houston-based oilfield services company Baker Hughes Inc. said Friday that 387 rigs sought oil and ...

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Texas oil company shuts wells in New Mexico after spill

Texas oil company shuts wells in New Mexico after spill

SANTA FE, N.M. (AP) — A Texas oil company shut down its wells in New Mexico as it took the first step toward addressing a spill at a wastewater injection well used by the oil and natural-gas industry. Midland, Texas-based Siana Operations filed for a remediation permit and was expected to join state officials this week in assessing damage to ...

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Top 5 Eagle Ford stories of the week

Top 5 Eagle Ford stories of the week

This week’s top 5 stories featured incredible aerial footage and history’s famous oil gushers. Here’s a look back at our most-read headlines. 5. Chevron shifts focus to Texas shale Chevron plans to focus on shorter-cycle investments in West Texas shale plays after its larger, long-term investments come into production this year. By the end of the decade, Chevron believes it ...

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Retail gasoline prices jump 3 cents this week across Texas

Retail gasoline prices jump 3 cents this week across Texas

COPPELL, Texas (AP) — Retail gasoline prices across Texas have risen again, jumping by 3 cents. AAA Texas on Thursday reported the average price at the pump rose to $1.63 per gallon. Nationwide gasoline prices are up 4 cents this week to reach an average $1.84 per gallon. The AAA survey found that of the metro areas in Texas, drivers ...

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Natural gas power plant breaks ground in La Porte

Natural gas power plant breaks ground in La Porte

Construction began on a one-of-a-kind natural gas power plant Wednesday in La Porte, Texas. The 50-megawatt demonstration project is unique in that it produces zero emissions. New technology will send carbon dioxide it creates into a sequestration pipeline. The carbon emissions can then be stored for industrial use or enhanced oil recovery. Net Power is developing the plant, which will connect to ...

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Storms cause flooding, possible tornadoes in southern Plains

Storms cause flooding, possible twisters in southern Plains

DALLAS (AP) — Powerful storms dumped heavy rain on parts of Texas, Arkansas and Oklahoma on Tuesday, causing flooding that led to a school bus rescue, property damage from suspected tornadoes and the death of a boater whose canoe capsized in strong winds. By the time the storm system leaves Texas and Oklahoma — likely Wednesday — it could dump ...

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Number of US rigs down to 502; Texas down 5

Number of US rigs drops to 502; Texas down 5

HOUSTON (AP) – Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 502. The Houston company said Friday that 400 rigs sought oil and 102 explored for natural gas amid depressed energy prices. A year ago, 1,267 rigs were active. Among major oil- ...

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Halliburton to cut 5,000 more jobs

Halliburton to cut 5,000 more jobs

Oilfield services company Halliburton will eliminate 5,000 more jobs – about 8 percent of its global workforce. Ongoing market conditions led to the decision, according to a company statement. As oil prices hover near $30 per barrel, producers struggle to remain viable. Benchmark U.S. crude sold for $33.07 on Thursday. “We regret having to make this decision but unfortunately we ...

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Texas retail gasoline prices drops by a penny

Texas, retail, gasoline prices

COPPELL, Texas (AP) — Texas retail gasoline prices dropped by a penny this week, putting the average for a gallon of regular unleaded fuel at $1.52. AAA Texas on Thursday said that average is 63 cents less per gallon than last year. Drivers in Dallas and El Paso are paying the most at $1.56 per gallon. Drivers in Beaumont, Corpus ...

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