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.
Texas has reported it produced oil at a record rate in September, more than doubling the rate of less than three years ago.
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 […]
High levels of contaminants, including arsenic are present, according to a University of Texas at Arlington study, in private water wells near gas operations.
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.
Exxon Mobil shareholders are voting on measures to explicitly ban discrimination against gays and to reduce production of greenhouse gas emissions.
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.
Exxon says fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher profit margins in its refining business.
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.
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.
Retail gasoline prices across Texas have slipped 2 cents this week to settle at $3.14 per gallon.
Local experts say in just a few short years, the United States will produce more oil than Saudi Arabia. But, some of the technological advances that boost production are often controversial in our communities– for example: fracking.