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Texas police: 1 injured in refinery-generator explosion

PASADENA, Texas (AP) — One person was injured when a generator inside a refinery near Houston exploded, authorities said Saturday. Officials at the Pasadena Refining System Inc. facility are doing a head count, Pasadena police spokesman Vance Mitchell said. The injured person was taken to a nearby hospital but Mitchell did not know the person’s condition. In September 2011, there ...

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Permian Basin saw major projects in 2015

A drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

Plummeting oil prices dominated the headlines in 2015, and to be sure, the economic fallout bled into other businesses. But the momentum of the waning boom still brought a number of major businesses as local businesses navigated the downturn. Rapidly growing thoroughfares continued to grow, including major projects. New businesses entered the market or expanded their presence, developments that included ...

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2015 year in review: The boom went bust

2015 year in review 2015: The boom went bust

When the New Year arrived, it was clear Odessa would not see another year of an oilfield boom. Instead, locals in the industry wondered just how bad it would get and for how long? As the year ends, those same questions remain. The Organization of Petroleum Exporting Countries agreed on Thanksgiving Day 2014 not to cut production in the face ...

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Oil price collapse, layoffs lead to Oklahoma tax revenue failure

Oklahoma Capitol Building - The state capitol building in Oklahoma City, with famous oil well on grounds.

The major decline in Oklahoma’s biggest industry is impacting almost every major tax category and means the state won’t have the revenue to fully fund the Fiscal Year 2016 budget that went into effect July 1. On Monday, the Board of Equalization projected that the Legislature will have $900.8 million less to appropriate next year. House Republican Appropriations and Budget ...

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Despite oil bust, Texas prepares more students for oil jobs

HOUSTON — The oil industry is mired in its latest bust, with thousands of jobs evaporating like flares flaming out over natural gas wells. But in Texas, education officials are preparing more young people for the oil patch, showing the state’s unshakeable commitment to the energy sector despite the employment uncertainties. The Houston school district is planning to expand its ...

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Sub-$50: When ‘fracking does not work’

The downturn shows no signs of reversing for the oilfield services industry, and now these businesses that represent some of the top private employers in Odessa face a deepening pain, particularly those that frack wells. Today, about half of the fracking companies who were bidding on new work in the Permian Basin at this time last year continue to do ...

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Two events for one future: Texas energy leaders to share strategy at Eagle Ford conferences

Even the Eagle Ford—which is bursting at the seams with oil— isn’t immune to the effects of the current low-price environment. Now more than ever, companies operating in the region need access to the latest intelligence coming from the field. Next month, thousands of energy industry professionals will converge in San Antonio for two world-class industry conferences. Hart Energy— an ...

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