Texas-Based Halliburton Reports 4Q Loss Of $149MThe Houston-based company said Monday that it lost 17 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
Exxon Mobil To Buy Bass Family's Holdings In Permian BasinOil and gas giant Exxon Mobil Corp. is buying the Bass family's Permian Basin holdings in a more than $6 billion stock and cash deal.
OPEC Cuts Will Have A Muted Effect On ConsumersOPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
Texas Oil And Gas Regulator Dashes Army Corps' Drilling RuleTexas' oil and gas regulator has challenged the U.S. Army Corps of Engineers' authority to ban hydraulic fracturing and limit injection wells near a North Texas dam.
Shell, Saudi Aramco Split Assets, Including Big Texas RefineryRoyal Dutch Shell PLC and Saudi Arabian Oil Co. will split up the assets of their joint U.S. venture, which will see the kingdom's state-owned producer take full ownership of America's biggest oil refinery.
New Study Looks At Fracking & Groundwater ContaminationA new study suggests hydraulic fracturing, or fracking may not directly cause groundwater contamination at some oil and gas well sites.
Texas' Fast-Paced Growth Hasn't Reduced InequalityThe oil and gas boom has propelled revenue growth in Texas to nearly twice the national average. Yet, a new report shows income inequality is putting a brake on the pace of expansion.
Texas Proposes Tougher Rules On Wells After Quakes The Texas Railroad Commission has proposed tightening regulations for injection wells as scientists explore a potential link between high-pressure wastewater disposal and the earthquakes rattling North Texas.
Hundreds Expected At Meeting To Decide Fracking In DentonThe City of Denton will draw statewide attention Tuesday as it considers a petition to become the first city in Texas to ban fracking. If approved, the ban could have a ripple effect not only in the state but across the nation.
Major Oil & Gas Firm To List Drilling Chemicals A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets.
Exxon Holders To Vote On Gay Discrimination BanExxon Mobil shareholders are voting on measures to explicitly ban discrimination against gays and to reduce production of greenhouse gas emissions.
EPA Changed Course On Texas Fracking Danger After Oil Company ProtestWhen 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.