Court reaffirms BP is liable in Gulf oil spill
BP is facing $18 billion in penalties stemming from the 2010 oil spill. More »
Republicans urged to reject wind tax credit in lame duck
Fiscal conservatives want Republican leaders to hold firm against proposals to extend a wind energy tax credit this year. More »
Plains to buy half of BridgeTex in $1.1 billion deal
The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude. More »
Republicans won big by embracing energy, industry group says
Wins on Election Day gave Republicans more power to advance industry priorities such as Keystone XL and expanded opportunities for oil and gas drilling. More »
After fracking ban, a long fight ahead
The Texas Oil and Gas Association filed its challenge in federal court on Wednesday morning, arguing that the city has no right to override state policy favoring subterranean mineral extraction.
More »
Republicans have votes to force Keystone XL approval
Republicans now have the votes they need in the House and the Senate to force President Barack Obama’s hand on the Keystone XL pipeline. More »
Denton voters pass fracking ban
The vote made Denton, which sits atop a large natural gas reserve, the first city in Texas to pass such a ban. It sets up a legal showdown between the city and industry groups that have warned the ban could be followed by lawsuits and a severe hit to Denton’s economy. More »
BHP Billiton to export condensate overseas
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
White House monitoring oil drop, no action seen on reserves
West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude. More »
Halliburton CEO expects shale to reverse oil price slump
Halliburton CEO Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year. More »
Low oil prices send chills through oil patch
Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S. More »
Fracking ban divides Denton
As Election Day nears in this small city 30 miles north of Dallas, a wary unease has settled over the early voting on a local referendum of national significance. If passed, the proposition would be the first to completely ban the petroleum extraction technique known as hydraulic fracturing in one small corner of the great oil and gas boom state of Texas. More »
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