Hunt Consolidated has reached an agreement to buy the Texas electric utility Oncor in a bid to resolve the $46 billion bankruptcy and breakup of power giant Energy Future Holdings.
CBS 11 Storm Team meteorologists say today could be the hottest day of the year so far, but even if temperatures don’t reach the triple-digits the forecast has the heat index well over 100-degrees.
All of the deaths involved workers at crude production tanks. Colorado and North Dakota each had three deaths and Texas, Oklahoma and Montana each had one death.
Between work, children, and a lack of sleeping; many of us just don’t have any energy left. While eating healthy, exercising, and sleeping more will go a long ways there are some other quick and perhaps surprising (non-caffeinated) ways to boost your energy levels.
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
The Republican-controlled Congress approved a bill Wednesday to construct the Keystone XL oil pipeline, setting up a confrontation with President Barack Obama, who has threatened to veto the measure.
The company said it earned $6.57 billion in the quarter, the lowest since the first quarter of 2010, on revenue of $87.28 billion. Last year Exxon earned $8.35 billion on revenue of $110.86 billion.
North America will be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to Exxon Mobil’s annual long-term energy forecast.
he University of Texas System owns 2.1 million acres of land, most of it in oil-rich West Texas where royalty payments have soared past $1 billion each year.
Federal regulators are proposing that the largest coal-powered plants in Texas invest $2 billion in new technology to reduce sulfur dioxide emissions, a measure energy companies are likely to resist.
The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate’s 59-41 vote Tuesday night was a nail-biter to the end.
Oil has averaged $96 a barrel over the past four years, fueling more drilling, more hiring, and bigger appetites in North Dakota, Texas, Oklahoma and elsewhere. Now oil has hit a rough patch, plunging to $80 from $107