Posted on · In an expected outcome heading into Tuesday’s Railroad Commission meeting, commissioners voted 2-1 to dismiss the initial motion from exploration and production companies Pioneer Natural Resources and Parsley Energy.
Posted on · According to filings with the state, in the last five weeks, at least 6,000 energy workers in Texas have been told they’re either laid off or furloughed. More than 4,000 of them are in Houston.
Posted on · Regional forecaster Bill Gilmer said at the beginning of the year Houston would gain 49,000 jobs this year. Now, because of the oil price crash and COVID-19, the city could lose that many—or more.
Posted on · The price of oil in Texas is getting hit from two sides: the pandemic is decreasing demand, plus an international dispute that's increasing supply. However, people working in the energy industry have seen big downturns before. Do they think this one is different?
Posted on · As the oil market crash impacts the Houston and Texas economies, we'll continue to follow the story and provide updates at Houston Public Media.
Posted on · As Houston enters its fifth week dealing with the coronavirus, Houston Public Media provides more live updates.
Posted on · Lawyer Bill Wallander speaks with energy reporter Kyra Buckley about potential bankruptcies and restructuring in the Texas oil and gas industry.
Posted on · Oil and gas companies in Texas continue to be hit hard financially because of COVID-19 and international price disagreements. Two major producers want state regulators put a limit on how much companies can produce, but some experts say that’s a bad idea.
Posted on · We're providing live updates of COVID-19 in the greater Houston area.
Posted on · The economic impact of the coronavirus is being felt across the industry, the price of oil is down, and conferences that provide crucial networking opportunities are being postponed or canceled.
Posted on · President and CEO of the American Petroleum Institute Mike Sommers acknowledges this is a hard time for Texas oil producers, but says the industry has proven resilient in past price shocks.
Posted on · Fears over the spread of the Coronavirus paired with a price dispute between Saudi Arabia and Russia have caused oil prices to rapidly drop. The speed at which they'll rebound, however, remains uncertain.
Posted on · The news comes as fears over the coronavirus have already impacted the Texas oil and gas industry.
Posted on · Sima Ladjevardian and Elisa Cardnell were the top vote-getters, but neither crossed the 50% threshold in Tuesday's election to win the Democratic nomination.
Posted on · The event's organizer, IHS Markit, said it was cancelling similar events in California and Louisiana, which could mean a loss of $50 million in non-recurring revenue combined.