Texas officials praised last week’s announcement by Exxon Mobil Corp. of the move of its legal domicile from New Jersey to Texas.  Governor Greg Abbott said, “I thank Exxon Mobil for their decision to redomicile in Texas and for their long-standing partnership with our state.  With this decision, Texas will further dominate the corporate landscape […]

Energy services employment declined again in February in U.S. and Texas, according to the latest jobs report from Houston-based Energy Workforce and Technology Council.  The council said there were 624,149 jobs in U.S. last month – down from 625,256 in January and 629,372 in December – and 304,148 jobs in Texas – down from 304,687 […]

Texas Independent Producers and Royalty Owners Association said in its recent State of Energy report that the state led the nation in industry employment last year.  Texas accounted for 23 percent of all oil and gas jobs in the nation.  The industry supported 476,777 direct jobs in Texas in 2025 with total direct and indirect […]

Texas retreated last week from its 2026 high count of 236 active drilling rigs, but the U.S. count was up for the second consecutive week.  Baker Hughes said as of March 13 there were 234 rigs in Texas (down 2 from the previous week, down 47 or 16.73 percent from 281 a year ago) and […]

U.S. Energy Information Administration forecast in its latest short-term energy outlook that the Brent crude oil price will remain above $95 per barrel over the next two months.  Crude oil prices increased in March as shipments through the Strait of Hormuz fell, some Middle East oil production was shut in, and some production in Middle […]

Fort Worth-based TXO Partners said last week it agreed to sell substantially all assets owned by its Cross Timbers Energy joint venture for about $200 million.  The company said the deal with multiple private buyers will simplify its portfolio and strengthen its focus on operated oil and gas assets in Permian Basin in Texas and […]

Officials of America First Refining said Tuesday that groundbreaking will be held in second quarter for the nation’s first new oil refinery in 50 years.  The $300 billion project at Port of Brownsville in Texas is a partnership with India’s Reliance Industries.  Capacity will be 168,000 barrels per day.  John V. Calce, chairman of America […]

Texas Independent Producers and Royalty Owners Association said last week Texas was again the nation’s leading producer of crude oil last year.  The state produced a record 2.1 billion barrels for oil markets in 2025, and Texas also produced a record for natural gas of 13.5 trillion cubic feet of gas.  U.S. totals for 2025 […]

The administration of President Trump said Wednesday it will release 172 million barrels of crude oil from the nation’s strategic petroleum reserve to help lower the price of oil which surged because of the U.S.-Israeli war in Iran.  It’s part of an effort by International Energy Agency to release 400 million barrels from emergency stockpiles […]