News
Gasoline prices dip noticeably for 1st time in months
The average cost of a gallon of regular unleaded gasoline fell from last week by about 2 cents in the Houston region down to $2.11, and by 5 cents nationwide to $2.33, according to GasBuddy,...
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Marathon to snap up Oklahoma driller for $888 million
Click through the gallery above to see how Marathon ranks among Houston’s biggest companies. HOUSTON – Marathon Oil Corp. said it will buy a private equity-backed driller for $888 million, increasing its footprint in...
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Oil bust leaves Texas, other states with massive well cleanup
BIGFOOT, Texas — The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little...
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Texas adds 13 drilling rigs as oil prices improve
This week saw the third straight week of rig count increases nationally for the largest three-week jump since last July. The number of rigs seeking oil had sunk almost every week from August through the...
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Saudi prince sweeps through Washington on diplomatic, economic mission
Saudi Arabia’s announcement this year it would begin selling shares in state-owned Aramco signaled an abrupt economic shift for the kingdom as it tries to wean itself from dependence on oil revenue. This week Deputy Crown...
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