Halliburton, Baker Hughes Abandon $34B MergerThe Justice Department says two companies crucial to the business of U.S. energy exploration have abandoned their planned $34 billion merger.
Oil Bust Sends Texas Budget Writers Back To WorkThe biggest Texas oil bust in decades has lawmakers taking stock of the fallout as other energy producing states slash spending.
Texas Oil & Gas Regulators Keep Close Ties To IndustryThe cozy relationship between state oil and gas regulators and the industry they monitor is typified by a revolving door of officials who leave the Texas Railroad Commission to lobby for energy companies, including several who recently departed and made six-figure salaries working the Capitol hallways last year.
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.
Bankrupt Fort Worth Energy Firm Quicksilver Facing Asset Auction The bankrupt Fort Worth energy firm Quicksilver is putting its assets on the auction block today.
Hard Times In The Texas Oil Patch As Bust Takes HoldThe drumbeat of low crude oil prices has taken hold in the oil and gas industry, from South Texas to Wall Street.
Oil Slump Weighing On Housing Markets In Texas, North DakotaThere's a dark side to those delightfully low gas prices: Housing markets are slumping in communities that were recently flush from the U.S. shale oil fracking boom.
Texas Regulator Clears Oil & Gas Company Of Causing EarthquakesA state inquiry has found that an oil and gas company's disposal well operations likely did not cause a series of North Texas earthquakes.
New Tests Find More Methane In North Texas WaterThe Texas agency that regulates the state's oil and gas industry says it's opened a new investigation of allegations that methane is contaminating North Texas water.