Exxon Says It Will Invest More Than $50B, Citing Tax CutIn a blog on the Exxon website, Woods said that Exxon plans to increase oil production in the Permian basin in Texas and New Mexico, build new manufacturing plants and expand current operations.
US Gas Prices Jump 6 Cents Over 2 Weeks To $2.26 A GallonThe average price of regular-grade gasoline has jumped 6 cents nationally over the past two weeks, to $2.26 a gallon.
US Gas Prices Hold Steady Despite Production CutThe average price of regular grade gasoline is unchanged nationally over the last two weeks, holding steady at $2.20 a gallon.
Texas Oil Company Looks To Boost Production In New MexicoA Texas-based oil and gas company has reached a $430 million deal that will clear the way for more production in southeastern New Mexico, providing a glimmer of hope as state officials look to rebound from depressed energy prices that have crippled government spending.
Energy Department Grows Less Bearish About US Oil ProductionThe decline in U.S. oil production may not be as severe as expected just a month ago.
State Doesn't Have $165 Million To Plug Abandoned WellsThe bust in the energy industry has left Texas with nearly 10,000 abandoned wells that need plugging and the Railroad Commission doesn't have the money to do it.
Natural Gas Abundance No Longer A PositiveWe may have too much of a good thing when it comes to natural gas. Texas produced $1.5 billion worth of natural gas in September. That's down 40 percent from last year.
Oil Companies Retake Nearly 400 Platforms In Gulf