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The Latest Breaking News from Todd Staples

Texas oil companies stand to profit from Iran war disruptions while consumers face higher gas prices

Texas’ status as the nation’s largest oil producer will partially insulate its residents from some gas price hikes, but it’s not immune to disruptions, experts say.

The Texas Tribune

In a contest to regulate Texas’s oil and gas industry, one Republican wants to talk DEI and China

Jim Wright, the GOP incumbent, and several other Republican candidates dismissed Bo French’s campaign rhetoric as distracting from the Railroad Commission’s mission.

The Texas Tribune

Trump has promised cheaper oil. Texas’ economy could pay a price.

A possible flood of South American oil would hinder the state’s production of fuel, some experts say, making it hard to break even on costs.

The Texas Tribune

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Trump says the U.S. will fix Venezuela’s oil industry. Texas experts say the idea faces hurdles.

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

The Texas Tribune

A Republican effort to set deadlines to plug orphan wells in Texas hits resistance

The bill would have set deadlines for the oil and gas industry to plug inactive wells, which can pose a danger to the environment.

The Texas Tribune

Ranchers reported abandoned oil wells spewing wastewater. A new study blames fracking.

An SMU study is the first scientific proof of a phenomenon local landowners have long warned was occurring.

The Texas Tribune

West Texas gas operators released tons of excess emissions during June heat wave

When sizzling temperatures in June affected the air pressure in pipelines in West Texas, companies in five counties vented millions of pounds of natural gas and other toxins into the air.

The Texas Tribune

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Economic incentives clear Senate committee as negotiations continue

Lawmakers are trying hard to come up with an agreement on how to replace an embattled 20-year tax abatement program for big companies that expired in December.

The Texas Tribune

New economic incentive plan clears hurdle in Texas House

During the floor debate for a plan to replace the expired Chapter 313 program, House members added that the new version of the incentive must require companies to pay higher wages and create stiffer penalties for noncompliance.

The Texas Tribune

EPA says it is looking for “super-emitters” of methane gas in Texas’ Permian Basin

The federal environment agency says it will continue flyovers of the Permian Basin in Texas and New Mexico until Aug. 15 using infrared cameras to survey oil and gas operations.

The Texas Tribune

Texas’ boom-bust oil and gas business is booming for workers — for now

In the Texas oil patch, average pay has always been higher than in most industries, and it’s apparently rising fast, according to a June energy survey by the Federal Reserve Bank of Dallas.

Tribune News Service

An upside to high energy prices? Texas racks up record tax revenue from the oil patch

In each of the past two months, Texas has collected over $1 billion in taxes on oil and gas production — a record pace.

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