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Top Eagle Ford news stories: May 13-20

Eagle Ford news

Business troubles dominated headlines this week. Recap the top Eagle Ford news stories below. 5. Feds: Pipeline company failed to detect California oil spill LOS ANGELES (AP) — An oil pipeline company responsible for a massive oil spill on the California coast a year ago didn’t do enough to prevent corrosion and its operators didn’t detect and react to the ...

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Oklahoma lawmakers to consider $141 million in new revenue

Oklahoma State Capitol

OKLAHOMA CITY (AP) — Leaders in the Oklahoma Legislature are moving quickly now to pass revenue increases before unveiling a formal budget plan that would close an estimated $1.3 billion shortfall. Lawmakers on Thursday took some of their biggest steps yet toward plugging the revenue gap for the fiscal year beginning in July, advancing roughly $274 million in proposed revenue ...

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Top Eagle Ford news stories: May 6-13

Eagle Ford news

Recap the top Eagle Ford news stories that graced our pages this week. Layoffs and legal struggles earned the top two spots in this week’s list. 5. Colorado bracing to repay millions in energy taxes DENVER (AP) — Colorado will have to cough up hundreds of millions in tax refunds to energy companies over the next couple years. And state ...

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Arson caused Texas fertilizer plant explosion, officials say

fertilizer plant, explosion, arson, West Texas

DALLAS (AP) — One question has lingered in the Central Texas farming town of West since a fertilizer plant caught fire in 2013 and exploded, killing 15 people and damaging at least $100 million in property: What caused the blaze? On Wednesday, federal officials came to West with an answer — and in the process cast a much different light ...

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Texas-based Newfield Exploration announces Oklahoma layoffs

Newfield Exploration, Tulsa Oklahoma

TULSA, Okla. (AP) — Texas-based Newfield Exploration Co. has announced plans to lay off about 50 employees in Tulsa and to move about 150 more Tulsa employees to its headquarters in The Woodlands. Newfield spokeswoman Cindy Hassler told reporters Tuesday that the moves are due to low oil and natural gas prices and that fewer than 10 employees will remain ...

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Texas lawmakers champion local control, to a point

The Texas State Capitol taken from the north side, with the underground extension rotunda in the foreground. (Image: Dave Wilson via Flickr)

DALLAS (AP) — Texas leaders have sued the federal government dozens of times, costing millions of dollars, for what they contend are policies that infringe on local control and states’ rights. But when cities across Texas have attempted to pass laws on issues from fracking bans to regulating ride-hailing companies, state lawmakers time and again have moved to quash those ...

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Texas energy company owner gets prison for Ponzi scam

prison, Texas energy, Ponzi

AUSTIN, Texas (AP) — The owner of a Texas energy exploration company must serve more than 13 years in federal prison and repay $3.7 million to investors who were scammed. Prosecutors in Austin say William Risinger owned RHM Exploration and operated the company as a Ponzi scam. The 44-year-old Risinger in January pleaded guilty to wire fraud and money laundering. ...

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Top Eagle Ford news stories: April 29 – May 6

rig count, oil natural gas

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Treasurer: Oil and gas tax collections slide to 17-year low

Oklahoma

OKLAHOMA CITY (AP) — Monthly tax collections from oil and natural gas production in Oklahoma slid to the lowest level in 17 years, totaling just $20.8 million in the month of April. State Treasurer Ken Miller released figures on Friday that show overall collections to the state treasury in April were $1.18 billion, the lowest April total in four years. ...

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House approves split of settlement money from BP oil spill

House approves split of settlement money from BP oil spill

MONTGOMERY, Ala. (AP) — The Alabama House of Representatives on Thursday approved a compromise plan for doling out settlement money from the 2010 BP oil spill — one that could help stave off cuts in Medicaid this fall. The House-passed bill was a last-minute deal between lawmakers who said the wisest thing to do with the $1 billion settlement was ...

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