Archives for 2017
Gov. Abbott signs bill reauthorizing the Railroad Commission
The Railroad Commission of Texas, the state’s oil and gas regulator, has been reauthorized to operate for another 12 years, after a years long battle with legislators over how to reform the agency. On Monday,...
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Trump proposes slashing Gulf royalty payments to Texas, other states
President Donald Trump wants the federal government to stop sharing oil and gas royalties from the Gulf of Mexico with Texas and other states along the Gulf Coast. In his budget proposal for 2018, the...
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EOG Resources gets $400 million from private equity group
EOG Resources will get a $400 million cash infusion from private equity group Carlyle to develop oil and gas assets in Oklahoma over the next four years. The Houston oil producer’s joint venture with one...
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Crude rises on reported OPEC agreement to extend output cuts into 2018
Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on extending the deal through the first quarter of 2018. Futures climbed as much as 1.5...
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Exxon Mobil completes massive plastics expansion near Houston
Exxon Mobil said Monday it has completed a large plastics plant expansion in Mont Belvieu as part of a massive, multibillion-dollar petrochemical growth effort in the Houston area. Exxon Mobil said it finished mechanical construction...
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