oil & gas

Members of the International Energy Agency have announced a coordinated release of 400 million barrels of stockpiled oil in an attempt to counter the disruption in oil trade triggered by the Iran war.

Texas' status as the nation's largest oil producer will partially insulate its residents from some gas price hikes, but it's not immune to disruptions, experts say.

Last month, Lubbock County Commissioners passed an amendment to the game room ordinance which went into effect in May 2025. Our Brad Burt reports that one Lubbock game room owner has filed a lawsuit, claiming the new rules are unenforceable under the Texas and U.S. Constitutions. The U.S.-Israeli war in the middle east is influencing gas prices in Texas. Prices for regular unleaded gas in Lubbock increased by about 40 cents over the last week, according to AAA.

It took a man actively trying not to find oil to make the biggest oil discovery in U.S. history.

Domestic producers say it’s time for more investment in oil and gas, but supporters of clean energy argue it may not drive down consumer costs — and could lock the U.S. into an oil-dependent future.

In June 2014, the price of a barrel of oil was roughly $115 per barrel, leading to gas prices that were well over $3 per gallon. Not anymore.Prices of oil…