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Oil

Employees of an oil and gas company work on a natural gas valve at a hydraulic fracturing site. (credit: Spencer Platt/Getty Images)

Texas Among States With Complaints Of Contaminated Water From Drilling

Texas is among at least four states that have received complaints of well-water contamination from oil or gas drilling.

01/05/2014

A pipeline carries oil near Beaumont, Texas. (credit: Joe Raedle/Newsmakers via Getty Images)

Oklahoma Pipeline To Gulf Coast To Crank Up Jan. 22

TransCanada Corp. began injecting crude oil into the 485-mile, 36-inch pipeline in early December. Spokesman Davis Sheremata says the process involves injecting about three million barrels of oil into the system at Cushing and moving it to the Houston area.

12/31/2013

A pipeline carries oil near Beaumont, Texas. (credit: Joe Raedle/Newsmakers via Getty Images)

Texas Reports Record Oil Production Rate

Texas has reported it produced oil at a record rate in September, more than doubling the rate of less than three years ago.

12/04/2013

Employees of an oil and gas company work on a natural gas valve at a hydraulic fracturing site. (credit: Spencer Platt/Getty Images)

Fracking Blamed In Lawsuit Filed By Families In Johnson County

ALVARADO (CBSDFW.COM) – Two families in Johnson County are blaming fracking and earthquakes for damage to their homes. They have filed a lawsuit naming the controversial natural gas drilling process as the cause for cracking […]

08/16/2013

Earth moving equipment and natural gas containers are viewed at a hydraulic fracturing site. (credit: Spencer Platt/Getty Images)

UTA Study Finds Contaminants In Ground Water Near Gas Wells

High levels of contaminants, including arsenic are present, according to a University of Texas at Arlington study, in private water wells near gas operations.

08/05/2013

Compnay banner during an ExxonMobil annual shareholder meeting. (credit: Brian Harkin/Getty Images)

Exxon Mobil’s Q2 Profit Plunges 57 Percent

Exxon Mobil says net income fell 57 percent in the second quarter on weaker refining results, lower production and minus a big gain in the year-ago quarter.

08/01/2013

Compnay banner during an ExxonMobil annual shareholder meeting. (credit: Brian Harkin/Getty Images)

Exxon Holders To Vote On Gay Discrimination Ban

Exxon Mobil shareholders are voting on measures to explicitly ban discrimination against gays and to reduce production of greenhouse gas emissions.

05/29/2013

(credit: JEFF PACHOUD/AFP/Getty Images)

Crude Oil Railroad Shipments Triple In 2012

The amount of crude oil U.S. freight railroads hauled last year more than tripled as shale oil production surged in North Dakota and other locations.

02/21/2013

Compnay banner during an ExxonMobil annual shareholder meeting. (credit: Brian Harkin/Getty Images)

Refining Margins Boost 4Q Profit At Exxon Mobil

Exxon says fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher profit margins in its refining business.

02/01/2013

Coast Guard Attempts Burning Off Oil Leaking From Sunken Rig

Feds, Transocean Reach $1.4B Deal Over Gulf Spill

The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.

01/03/2013

An oil drilling rig is seen on September 29, 2010. (credit: KAREN BLEIER/AFP/Getty Images)

Exxon: US Energy Revival Has Staying Power

Exxon says the energy renaissance in the U.S. has staying power and predicts that North America will become a net exporter of oil and gas by the middle of the next decade.

12/11/2012

In this photo illustration a man refuels his car at a gas station. (credit: Getty Images/Miguel Villagran)

Retail Gasoline Prices In Texas Slip 2 Cents

Retail gasoline prices across Texas have slipped 2 cents this week to settle at $3.14 per gallon.

12/06/2012

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