Oil pact prompts guarded optimism on drilling rebound
OPEC's plan to cut crude output by about 3 million barrels a day in September and October sparked cautious optimism in Texas. Economists warn success depends on member compliance and market stabilization, with potential temporary job security for West Texas as drilling activity awaits clearer signs of sustained price recovery.
MENTIONED IN THIS ARTICLE
OPEC
Texas
Ed McClelland
Republic Bank Corp
Dallas
McClelland
Harry Spannaus
Permian Basin Petroleum Association
Midland
West Texas
Texans waiting for results
Oil price gains and possible OPEC cuts are not a quick fix for U S energy firms. Analysts warn patience is prudent as Houston based Pace Energy Consultants notes lingering skepticism about OPECs history. The report cites John Matson of Pace Energy.
MENTIONED IN THIS ARTICLE
Houston
U.S
John Matson
Pace Energy Consultants
OPEC
Swine saved surrendering owner after neglect found
A shelter took custody of 16 pigs found without food or water after their owner surrendered ownership. The rescued animals will be auctioned by the shelter. Related story and photograph appear on Page 13A.
UTPB President Sees Safe Center Amid Budget Slashes
UTPB President Duane Leach downplays doubts about the Center for Energy and Economic Diversification amid a Legislature budget special session. He cites a $272 million cut as unlikely and notes the center launched a $15 million fundraising drive the same day the session began in Austin. Hans Mark warns on larger system-wide reductions.
MENTIONED IN THIS ARTICLE
University of Texas of
Permian Basin
UTPB
Center For Energy and Economic Diversification
Austin
Duane Leach
UT Austin
Houston
M.D. Anderson Hospital
Tumor Institute
Hans Mark
University System
West Texas mail route proposal speeds deliveries
The U S Postal Service weighs a new Midland to Marfa route via Monahans Fort Stockton and Alpine to cut wait times. Alpine Fort Davis and Marfa areas would gain day‑long delivery, linking Marfa to overnight service and shortening a 500 mile El Paso Midland round trip. The plan aims to improve mail flow for Marta Alpine Monahans Fort Stockton and nearby towns.
MENTIONED IN THIS ARTICLE
West Texas
Presidio
Brewster
U.S. Postal Service
Marta
Alpine
Monahans
Fort Stockton
Midland
Marfa
el Paso
Charles McEntire
Fort Davis
McEntire
Manuel Rubio
Western Region
Postal Service
Texas lawmakers in special session clash over tax hike and cuts
In Austin the Texas Legislature opened a budget balancing session amid a 3.5 billion deficit dispute. Lt. Gov. Hobby backed a tax hike to avoid service cuts while House Speaker Lewis vowed to block any tax increase, and Gov. White planned to outline a mixed approach including potential sales tax changes.
MENTIONED IN THIS ARTICLE
Lewis
Vark White
House
Senate
White
Hugo Berlanga
Corpus Christi
Also Mentioned on This Page
Organization of Petroleum Exporting Countries
Texans
Michael L. Graczyk
The
Associated Press
Mexico
Freddy Belis
Ector County
Odessa
Leach
Paso
E'S
Abby
Hobby
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