Two Texas oil companies with big business in the Permian Basin wrote to state regulators requesting an emergency meeting to consider reducing oil production as demand around the world has collapsed due to the new coronavirus.
Energy
In-depth reporting on oil, gas, renewable power, and policies shaping the future of energy in Texas from The Texas Tribune.
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Coronavirus in Texas
Midland confronts coronavirus after oil prices plummet
The city’s new mayor is struggling to inspire in a moment of overlapping crises.
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Coronavirus in Texas
Citing coronavirus pandemic, Trump administration stops enforcing environmental laws
A Texas environmental protection group said it is “reckless” for the Environmental Protection Agency to waive enforcement of many protections. The federal agency said companies could have trouble complying due to the new coronavirus.
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Economy
Texas regulators contemplating a reduction in oil production amid coronavirus crisis
A Texas Railroad Commission official said no decision has been made yet and the agency is looking into options.
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Coronavirus in Texas
Texans were already feeling coronavirus’ financial squeeze. Then the cases increased and cancellations mounted.
The state’s oil and gas industry has cratered. Major events have been called off, and tourism across Texas has dipped. It is too soon to tell the statewide economic impact from COVID-19, but Texans are already feeling a pinch.
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Energy
White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn
The idea could face resistance from those who support direct aid to workers. One critic called the idea ‘absurd.’
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Coronavirus in Texas
How will collapsing oil prices affect Texas? It depends on these two factors, experts say.
A dramatic drop in oil prices over the weekend could harm Texas’ oil and gas industry and economy, but experts say it all depends on how long they remain low — and how the COVID-19 epidemic plays out.
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Economy
U.S. markets crater as coronavirus-sparked oil war sends prices spiraling; trading suspended
The Dow plunges more than 1,900 points in a brutal global sell-off, and treasury yields dive to new lows, amplifying recession fears.
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Criminal Justice
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Energy
“It’s a joke”: Flaring expert finds big problems in report from Texas oil and gas regulator
“It looks more like a political manifesto to me,” a Texas A&M professor said about a report from the Railroad Commission of Texas.