Here’s what you should know about the market forces at play and what higher prices mean for oil companies and the state.
The EPA handed over power to the Railroad Commission after a two-year review. Critics say the commission has been too lax with the industry.
During the floor debate for a plan to replace the expired Chapter 313 program, House members added that the new version of the incentive must require companies to pay higher wages and create stiffer penalties for noncompliance.
The federal environment agency says it will continue flyovers of the Permian Basin in Texas and New Mexico until Aug. 15 using infrared cameras to survey oil and gas operations.