Oil and Gas Industry

One of the largest earthquakes in Texas history struck 12 miles north of Midland on Friday — a month after another 5.4 magnitude earthquake struck the region. Now state inspectors are investigating whether nearby oil and gas operations played a role.

The quake was the third largest in Texas history, according to the U.S. Geological Survey. An increase in seismic activity in Texas has been linked to injecting fracking wastewater underground.

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

The Railroad Commission of Texas has been called one of the most consequential climate-related offices in the country. Democrat Luke Warford is challenging incumbent Wayne Christian for his seat.

Critics are skeptical about whether the new rules by the Railroad Commission will prevent another catastrophe like the power grid disaster in February 2021.

As other universities divested from fossil fuels, UT’s oil and gas holdings created a windfall.

Sarah Stogner says she took the money from a rich friend because she thinks she has a chance of winning the Republican nomination. She initially ran just to make a statement.

Utility companies and key oil and gas transportation hubs are on high alert as Russian hackers have been probing energy infrastructure’s digital networks for weak points.

The decision comes as prices have spiked since the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.

Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.