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Oil surged on Friday as tensions in the Red Sea escalated following attacks by the US and its allies against Yemeni sites controlled by Iran-backed Houthi rebels.
August 6 – A 12-inch crude oil pipeline, approximately 14 miles south of Grandfalls, Texas. About 8,400 gallons of crude were spilled. [37] October 4 – An Enable Gas Transmission (a subsidiary of Energy Transfer Partners) 24 inch gas pipeline exploded and burned, in Jessieville, Arkansas. There were no injuries, and the cause seemed to be ...
The session high was more than $80, highest this year so far. U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.9%, to settle at $72.68, paring gains after touching a 2024 high of ...
The spill occurred 1 mile northwest of Falls City, Karnes County, Texas, and entered Marcelinas Creek at flood stage. The spill was generally contained about three miles downstream. The floodwaters transported the oil laterally well beyond the banks of the creek, coating vegetation in these areas with oil as the floodwaters receded.
The Texas Department of Transportation had been scheduled in the summer of 2025 to begin construction on a project to replace the bridge with a new one. The project was estimated to cost $194 million.
Representation of a oil derrick. The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
The Texas Railroad Commission, which regulates oil and gas wells in the state, defines these as wells that have been inactive for a minimum of 12 months and have no owner.
The Ranger Oil Boom started on October 17, 1917, after oil was discovered 3,342 feet (1,019 m) below ground at the J.H. McCleskey No. 1 drill well in Ranger, Texas. The strike was notable because Soviet Russia's threatened exit from World War I meant its oil output was lost to the Allies. Before WWI Russia accounted for 30% of the world's oil ...