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.
Oil has averaged $96 a barrel over the past four years, fueling more drilling, more hiring, and bigger appetites in North Dakota, Texas, Oklahoma and elsewhere. Now oil has hit a rough patch, plunging to $80 from $107
“The Pollan Family Table” is out now from CBS sister company Simon & Schuster. This excerpt shows their recipe for butternut squash soup with toasted pumpkin seeds.
Nelson Bunker Hunt, a Texas oilman who once tried to corner the silver market with his brothers only to see the move end in financial disaster, has died.
The drilling procedure called fracking didn’t cause much-publicized cases of tainted groundwater in areas of Pennsylvania and Texas, a new study finds. Instead, it blames the contamination on problems in pipes and seals in natural gas wells.
The Texas Railroad Commission has proposed new rules it says will more tightly regulate the states’ network of oil and gas pipelines.
Denton will consider a petition to ban fracking at its public hearing on Tuesday.
AAA Texas on Thursday reported the average price at the pump reached $3.52 per gallon. Nationwide retail gas prices rose a penny, to hit $3.68 this week.
The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world’s leading source of energy for another quarter century.