Archives for May 2018
XTO to begin move from Fort Worth to Houston
Exxon Mobil’s shale subsidiary XTO Energy will begin moving its headquarters next week from Fort Worth to the Houston area. Source: FuelFix
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Rising prices could hit global demand, execs say
While rising oil prices would undoubtedly boost Houston’s economy, it could have some domestic drawbacks. American drivers are sensitive to higher prices at the pump, and until a few years ago, climbing oil prices only...
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Want cheap electricity? Move to San Antonio or Austin
Consumers in Houston pay more for electricity than consumers in other parts of Texas, according to the Texas Coalition for Affordable Power which analyzed federal electricity pricing data. Source: FuelFix
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Permian grows while overall oil rig count stays flat
The booming Permian Basin in West Texas and New Mexico continued to add active drilling rigs this week, but that growth was largely offset by declines in other parts of the country. Source: FuelFix
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Big investors pressure oil companies on climate change
Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. Source: FuelFix
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