ECONOMY

Bruce Jones, president of Perryton-Ochiltree Chamber of Commerce, offered a sip of a non-alcoholic sparkling beverage to a man from Woodward, Okla., on June 16, 1987. The driver was passing by during a town celebration of rising oil prices.
Bruce Jones, president of Perryton-Ochiltree Chamber of Commerce, offered a sip of a non-alcoholic sparkling beverage to a man from Woodward, Okla., on June 16, 1987. The driver was passing by during a town celebration of rising oil prices.

At the Top of Texas, Town Offers Lessons In Oil Bust Survival

Nearly three decades ago, Perryton's town-wide celebration for $20-per-barrel oil made news across the country, delivering a hopeful message to those mired in an oil bust. The Panhandle town faces a modern day oil bust, but residents are sure they'll stay on the map. 

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Take In a View of the New Texas Space Race

Eagle Ford Town's Residents Disgusted by Waste Site's Approval

A sign protesting a proposed drilling waste dump near the South Texas town of Nordheim is shown in 2014. The Texas Railroad Commission, charged with only evaluating groundwater effects, approved the waste site plan on May 3, 2016.
A sign protesting a proposed drilling waste dump near the South Texas town of Nordheim is shown in 2014. The Texas Railroad Commission, charged with only evaluating groundwater effects, approved the waste site plan on May 3, 2016.

The Texas Railroad Commission approved a permit for a huge oil and gas waste facility outside of tiny Nordheim, ending one of the first organized protests against industry activity in South Texas’ Eagle Ford Shale.

Texas Lawmaker Warns of Outer Space Death Pulse

Sen. Bob Hall, R-Rockwall, hosts the Texas Grid Security Summit 2016 at the Texas Capitol in Austin on April 27, 2016. The session deals with how to make the power grid safer from electromagnetic radiation attacks nationwide.
Sen. Bob Hall, R-Rockwall, hosts the Texas Grid Security Summit 2016 at the Texas Capitol in Austin on April 27, 2016. The session deals with how to make the power grid safer from electromagnetic radiation attacks nationwide.

A Texas state senator is redefining scorched-earth politics, trying to make sure Americans — and Texans — are prepared for electromagnetic pulses from space that could spell the end of civilization. 

Years Later, Benefits from State Subsidy to Chevron Hard to Find

Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.
Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.

Texas announced in 2013 it was giving Chevron millions of dollars toward building a new office tower and creating 1,752 jobs. More than two years later, the site of the building remains a grassy lot and Chevron has laid off hundreds of workers.

In Texas Drilling Country, Oil Plunge Means Too Many Rooms at the Inn

Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.
Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.

Cotulla, population 4,000, built 20 hotels during a yearslong oil boom, calling itself the "Hotel Capital" of the Eagle Ford Shale. A plunge in oil prices has prompted questions about whether that was a good idea.