BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.
Let’s check some of the claims about the pipeline as a bill approving it heads toward likely passage by the Republican-led Senate and a veto by President Barack Obama.
Plunging oil prices are expected to dampen how much money state lawmakers will have to spend when the Texas Legislature returns to work in Austin this week.
The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. But history shows that it takes time for home prices in oil country to change course.
West Texas oil country led the nation in job growth last month with the largest year-over-year percentage gains in employment even as oil prices tumbled.
Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues.
North America will be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to Exxon Mobil’s annual long-term energy forecast.
As holiday shoppers look for deals the best one could be found at the gas station.
he University of Texas System owns 2.1 million acres of land, most of it in oil-rich West Texas where royalty payments have soared past $1 billion each year.
The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate’s 59-41 vote Tuesday night was a nail-biter to the end.
The City of Denton said there are already two lawsuits pending against the fracking ban and more are likely to follow.
Voters in Denton have approved a proposal to ban fracking for oil and gas, making it the first city in Texas to do so.