Texas relies heavily on other states’ coal, and keeps all its own
Texas received the most coal of any state in the country in 2015, while none of the 36 million short tons of coal produced in Texas leave the state, according to the latest coal distribution...
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Oil drilling in Permian matches rest of U.S.
U.S. oil drilling activity is concentrating in West Texas’ Permian Basin. The Permian, which stretches into southeastern New Mexico, now holds nearly as many active oil rigs as the rest of the country combined, including...
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Exxon expanding Beaumont plastics plant, adding jobs
ExxonMobil is expanding its Beaumont polyethylene chemical plant, adding a new unit and increasing the facility’s capacity by 65 percent, the company announced on Monday. It estimated the work will create 1,400 construction jobs and...
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Market Currents: Strong dollar clobbers crude
As the U.S. dollar pushes on to the highest level in a year, crude is correspondingly getting crushed today. While some may suspect the oil sell-off is due to a lack of confidence in an...
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Frank’s International names Douglas Stephens as CEO
Douglas Stephens is the new CEO of Houston-based oil services company Frank’s International N.V. Stephens was appointed by the Frank’s board of directors and succeeds Gary Luquette, who served as president and CEO since January...
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