Top Texas Official Says Injection Wells Can Cause QuakesA top Texas official says it's "possible" oil and gas wastewater being injected deep underground can cause earthquakes.
Exxon Mobil Tops 3Q Profit Forecasts, Earns $2.65BExxon Mobil Corp. has reported third-quarter earnings of $2.65 billion. The Irving-based company said Friday that it had profit of 63 cents per share.
US Oil & Gas Lease Sale To Be Broadcast Live On InternetThe sale Wednesday offers all 23.8 million acres available for drilling and exploration in the Gulf of Mexico off the Texas coast.
Oklahoma Regulators Probing Oil, Gas Near Site Of New EarthquakesOklahoma's oil-and-gas regulators are investigating a recent cluster of earthquakes recorded near Blanchard, about 30 miles south of downtown Oklahoma City, including three of magnitude 3.0 or higher.
Texas Flood-Related Oil Spill Photos Return To Public ViewMembers of the public will again be able to go online and view photos taken by the Civil Air Patrol of flood-related oil spills in the state of Texas.
Exxon Mobil Wins A Round In Climate LitigationExxon Mobil Corp. has won an early round in its fight against regulators over whether the oil giant covered up what it knew about climate change.
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.