Tribpedia: Oil And Natural Gas

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.

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

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.

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.

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

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. 

La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.
La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.

In South Texas County, an Investment in Survival as Oil Boom Stalls

Thanks to a surge in drilling, La Salle County was able to finance a multi-million upgrade to its emergency response capabilities. While the oil boom has stalled, the dramatic improvements are here to stay, officials say.

An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.
An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.

Billions At Stake for State in Tax Challenge

The Texas Supreme Court on Tuesday will hear arguments in a case that could deliver a multibillion-dollar windfall to struggling oil and gas producers, threatening to take a major bite out of state revenue.   

 

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 Big Plunge in 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.

An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.
An oil driller had filed a lawsuit over sales tax refunds. Texas Comptroller Glenn Hegar's office warned that a Texas loss could have spurred up to $4.4 billion in refund filings for 2017 alone.

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.

In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.
In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.

After Dour Report, Hegar Says Moody's "Should Know Better"

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 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.

Disconnect for Ted Cruz Between Pipeline Stance and Attack on Trump

Despite a recent ad bashing Donald Trump for employing eminent domain for a parking lot, Ted Cruz has backed the Keystone XL and other pipeline projects that would use the same controversial tool to displace landowners.