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(The Center Square) – Job growth in the Texas oil and natural gas industry continues to remain strong, contributing to Texas again leading the U.S. in job growth last month. In October, the ...
Oil slipped on Tuesday as traders priced in the possibility of tariffs against trading partners Canada and Mexico and executive orders aimed at boosting US production.
On the morning of January 10, 1901, Anthony F. Lucas, an experienced mining engineer, drilled the first major oil well at Spindletop, a small hill south of Beaumont, Texas. The East Texas Oil Field, discovered on October 5, 1930, is located in east central part of the state, and is the largest and most prolific oil reservoir in the contiguous ...
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
Jul. 10—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for April 2024 came from 163,674 oil wells and 84,739 gas wells, a ...
Representation of a oil derrick. The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
Chevron, the second-largest US oil company, plans to leave its historic headquarters in California and relocate to Texas over the next five years, citing increased regulations and state climate ...
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.