Gov. Greg Abbott has signed a bill into law that prohibits Texas cities from banning natural gas as a fuel source for new construction and utility services.
The Texas House on Monday gave preliminary approval to a bill that would direct state investment funds to divest from companies that cut ties with fossil fuel companies.
A hazardous waste disposal company in Andrews County wants to handle more dangerous levels of nuclear waste. Federal agencies are pondering new rules that could allow more of it to come to Texas.
The Canadian company behind the Keystone XL oil pipeline says it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.
In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years.
A major oil and gas producer in the Permian Basin withdrew its application for a permit to construct and operate a natural gas facility in southeastern New Mexico.
Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown and the need for oil diminished around the world.
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a sixth week in a row even as oil prices rebound from historic lows and some producers return to the wellhead.
Houston-based Occidental is considering reducing its stakes in oil and natural gas fields in Oman, according to the people, who asked not to be identified because the information is private. Its holdings in the Gulf sultanate could be valued at more than $1 billion, the people said.
U.S. crude output is set to fall by 670,000 bbl/d in 2020 to 11.56 million bbl/d, the U.S. Energy Information Administration (EIA) said on Tuesday, steeper than the 540,000 bbl/d decline it forecast previously as drillers have slashed activity.
Midland oilfield service company ProPetro plans to exercise a contract clause that obliges Irving oil company Pioneer Natural Resources to pay millions of dollars in fees for idling hydraulic fracturing fleets in the Permian Basin.
Chevron is currently running five rigs in the Permian basin, the company’s chairman and CEO, Mike Wirth, revealed in a recent Bloomberg television interview.
As demand for oil has plunged across the world, Texas oil regulators are not expected to impose cuts to production Tuesday, a move that has been discussed widely since the coronavirus began spreading in the United States.
Over the past several weeks, as we joined the rest of the country in doing what we can to stop community spread of the coronavirus, we’ve been dreading another crisis in the making. One that few outside of the oil-rich Permian Basin in West Texas noticed brewing. On April 20, it happened.
Commissioner Ryan Sitton was ready to take action Tuesday, while the other two commissioners preferred to receive more legal and industry advice before voting on proration
In a Tweet Tuesday President Donald Trump announced that he is instructing the Secretary of Energy and Secretary of the Treasury to come up with a plan to fund oil & gas companies and jobs.
Oil and gas companies announced plans to cut more than 6,400 jobs on a grim day for the industry that saw the price of crude oil settle below $20 for the first time since 2001 and the amount of petroleum in U.S. storage rise by nearly 20 million barrels.
The Texas Railroad Commission held an online hearing all day Tuesday to consider cutting the state's oil and gas production. Nearly 60 industry leaders and market experts gave their testimonies for or against proration.