Tribpedia: Oil And Natural Gas

Railroad Commission Hopefuls Split on Donations

Three of seven Republicans vying for a seat on the Texas Railroad Commission are in favor of tightening at least one regulation — on the commissioners themselves. Ron Hale, Weston Martinez and Lance Christian say they would support a proposal barring commissioners from accepting political donations from parties doing business before the commission.

Former Gov. Rick Perry gives the closing keynote address at the the Texas Public Finance Conference in Austin on Feb. 3, 2016.
Former Gov. Rick Perry gives the closing keynote address at the the Texas Public Finance Conference in Austin on Feb. 3, 2016.

Perry Says Texas Shouldn't Sweat Falling Oil Prices

Citing an increasingly diversified Texas economy, former Gov. Rick Perry on Wednesday boasted about the “Texas Miracle” and said there’s no reason to be overly concerned about the plummeting price of oil.

If successful, an oil driller's lawsuit could cost Texas up to $4.4 billion in sales tax refunds, comptroller Glenn Hegar warns.
If successful, an oil driller's lawsuit could cost Texas up to $4.4 billion in sales tax refunds, comptroller Glenn Hegar warns.

Oil Driller's Lawsuit Could Cost Texas Billions in Tax Refunds

What is the definition of "tangible personal property?" The arcane question is at the center of a lawsuit that could reap energy companies a multibillion-dollar windfall and drain the state's budget surplus. “This is very serious, real money," Comptroller Glenn Hegar said.

State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.
State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.

Hegar Calls Moody's Dour Texas Budget Report "Unfounded"

Comptroller Glenn Hegar launched a torrent of criticism at Moody’s Investors Service on Thursday after the credit rating agency released a report suggesting a drilling slowdown could eat up a projected $4 billion state budget surplus by December.

During a stop at the Spindletop Museum in Beaumont, U.S. Sen. Ted Cruz pitched his energy policy bill, which he calls the American Energy Renaissance Act.
During a stop at the Spindletop Museum in Beaumont, U.S. Sen. Ted Cruz pitched his energy policy bill, which he calls the American Energy Renaissance Act.

With Eminent Domain Attack on Trump, Ted Cruz Walks Fine Line

Despite a recent ad bashing Donald Trump for employing eminent domain for a parking lot, Ted Cruz strongly backed the Keystone XL and other pipeline projects that would use the same controversial tool to displace landowners. The disconnect illustrates the tough terrain candidates walk when advocating for property rights — particularly in Texas.

Texas Loses Bid to Block Obama's Clean Power Plan

A federal appeals court on Thursday denied a request from Texas and other states to block President Obama’s Clean Power Plan, leaving the climate change rules in place as a legal challenge winds through the courts. The U.S. Court of Appeals for the District of Columbia wrote that the states — joined by the coal industry — “have not satisfied the stringent requirements for a stay.” 

Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.
Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.

George P. Bush Wades into Red River Fight with Feds

The Texas land commissioner on Tuesday asked to joined seven North Texas families in a federal lawsuit that accuses the U.S. Bureau of Land Management of perpetuating an “arbitrary seizure” of land along a 116-mile strip of the river, whose changing course has fueled a century’s worth of property disputes along the state’s border with Oklahoma.

Lynda Stokes, the mayor of Reno, Texas, testified before the Railroad Commission of Texas on Jan. 21, 2014. She voiced her concern about an increased number of earthquakes around Eagle Mountain Lake.
Lynda Stokes, the mayor of Reno, Texas, testified before the Railroad Commission of Texas on Jan. 21, 2014. She voiced her concern about an increased number of earthquakes around Eagle Mountain Lake.

On Quakes, Regulator Sides with Energy Companies

The Texas Railroad Commission has officially cleared two oilfield companies of responsibility for earthquakes that rattled two North Texas towns — despite research suggesting otherwise.