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Royalties, taxes paid by Texas drillers plunged in 2016
By Lydia DePillis Texas’ top oil and gas association said Tuesday that taxes and royalties paid to state and local government fell significantly in the last fiscal year, reflecting the plunge in oil prices and...
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What happens to crude prices when OPEC ends output cuts?
Crude prices could plunge toward $30 a barrel — a rout of about 40 percent from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said....
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Forum Energy Technologies names new CEO
Houston’s Forum Energy Technologies promoted its president to the chief executive role as the oilfield products company attempts to bounce back from the oil bust. Forum President Prady Iyyanki added the CEO title to his...
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Campaign contributions to Railroad Commissioners continue to pour in
Hundreds of thousands of dollars poured into the coffers of the state’s oil and gas regulators over the past seven months, according to campaign finance filings from mid-January. The Railroad Commission of Texas regulates the...
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Market Currents: Saudi crude heads to Asia, not U.S.
U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games have been deferred until later in the week, with the...
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