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