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Although Arco was primarily an oil company, the company realized the potential synergies between the Houston refinery and a chemicals complex it owned in nearby Channelview, Texas. To take advantage of this, Arco invested in a major expansion of the refinery that was completed in 1976, and that enabled it to process heavy sour crude to produce ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
Commonly characterized as "Big Oil", the industry includes exploration, production, refining, transportation, and marketing of oil and natural gas products. [1] The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. [2]
The Texas Oil and Gas Association (TXOGA) is a industry group representing the petroleum and natural gas industries in Texas. Texas is the biggest producer of fossil fuels in the United States, account for 41% of crude oil production, 25% of natural gas, and 31% of refining capacity. [1]
On the flip side, if a buyer does more long-range driving on a regular basis, upward of 150 miles a day, and if EV chargers are not readily available on the commute, a plug-in hybrid or mild ...
Conservative estimates for oil-change intervals used to be as low as 3000 miles, before significant improvements in fuel-delivery systems, engine materials, manufacturing methods, and oil chemistry.
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Petroleum in Texas — oil and gas resources, extraction, production, distribution, and environmental issues in the state. Subcategories This category has the following 7 subcategories, out of 7 total.