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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.
Last week cargo giants Maersk (MAERSK-A.CO, MAERSK-B.CO) and German shipment company Hapag-Lloyd said they would pause voyages through the region until further notice.Goldman Sachs analysts ...
Prior to Spindletop, oil was primarily used for lighting and as a lubricant. Because of the quantity of oil discovered, burning petroleum as a fuel for mass consumption suddenly became economically feasible. The frenzy of oil exploration and the economic development it generated in the state became known as the Texas oil boom. The United States ...
Shortly after talks between union and oil company representatives ended on the night of the 20th, the union notified Motiva Enterprises of a strike by its members at the company's 600,250-barrel-per-day (bpd) refinery in Port Arthur, Texas. [7] Port Arthur Refinery (Motiva Enterprises), Port Arthur, Texas
(The Center Square) – Job growth in the Texas oil and natural gas industry continues to remain strong, contributing to Texas again leading the U.S. in job growth last month. In October, the ...
To transport the record volume of oil and natural gas, Texas pipeline infrastructure expanded to 465,025 miles – an increase of 13,000 miles from 2022-2023, according to the Texas Railroad ...
The station first signed on the air on July 8, 1954, as KWK-TV. At its launch, channel 4 was owned by a consortium which included Robert T. Convey (28%) and the now-defunct Newhouse Newspapers–published St. Louis Globe-Democrat (23%), who jointly operated KWK radio (1380 AM, now KXFN); Elzey M. Roberts Sr., former owner of KXOK radio (630 AM, now KYFI), which had to be sold as a condition of ...
The Texas Railroad Commission cited seven earthquakes in the area between Nov. 8 and Dec. 17, 2023 ranging in magnitude from 3.6 to 5.2 – a quake reported Nov. 8 near Coalson Draw, Texas that ...