Oil and Gas
When a North Texas man reported that his family’s drinking water had begun “bubbling” like champagne, the federal government sounded an alarm: An oil company may have tainted their wells while drilling for natural gas.
A new study says Texas oil and natural gas companies are claiming trade-secret exemptions to keep from revealing the chemicals used for hydraulic fracturing or “fracking”.
The oil, gas and wind industries have been huge for the Texas economy. One result of that boom has also meant that the oversized tractor-trailers and other heavy equipment used in energy production are taking a terrible toll on Texas roads.
As a rule, gasoline prices typically begin to fall after Labor Day, but Isaac may put a kink in that.
First, the scientific credibility of a recent University of Texas study on fracking was questioned. Now, there are concerns centered on the special panel convened to review the study’s findings.
In a story first heard on KRLD NewsRadio 1080, the City of Arlington is named in a lawsuit filed by two oil and natural gas industry groups. The suit centers a change in city fire code that imposes a $2,400 fee on every oil and gas well.
Fort Worth is enforcing new rules for operators hunting down natural gas deposits in the city.
Houston-based ConocoPhillips, the nation’s third-largest oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire.
Residents in Ponder have a new neighbor. Devon Energy has set up a gas drilling site just 400 feet from the neighborhood’s fences.
A scathing new report accuses Texas of not protecting its residents from possible dangers of gas drilling.
Just in the last week, gas prices in North Texas jumped 12 cents. A gallon of regular unleaded now costs an average of $3.79. But consumers and businesses aren’t feeling the impact at just the pump alone.
It pains John Benda of Fuel City Wash on Riverfront Blvd. to constantly have to raise his prices.
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