Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in the Permian basin during the first quarter of 2021 exceeded the required output...
Business
Copper Prices Jump After Leading Producer Chile Closes Its Borders
Copper price jumped on Monday as investors assessed the decision by Chile to close its borders during April due to a spike in covid-19 cases. Copper for delivery in May was up nearly 4% in afternoon trade, with futures at $4.1390 per pound ($9,125 a tonne) on the Comex market in New York. The...
Why The Suez Crisis Failed To Disrupt LNG Markets
On the morning of March 23, the world was shaken by the unfortunate news of the Suez Canal being blocked. At 07.40 local time, the Ever Given ran aground when strong winds blew it off course. The importance of the Suez Canal to global shipping can hardly be underestimated. Pundits were quick to...
Fire at Texas travel center destroys five 18-wheelers
AMARILLO, Texas (KFDA) – Amarillo Fire Department crews worked the scene of a fire involving multiple semi-trucks at a travel center off Interstate 40 early Wednesday. The fire broke out just after 4 a.m. Wednesday at the Hana Travel Plaza on Interstate 40 just east of Amarillo. After...
Southwest Airlines Orders 100 Boeing 737 Max Planes
Southwest Airlines says it’s expanding its all-Boeing fleet with an order for 100 737 MAX airplanes. DALLAS (AP) — Southwest Airlines said Monday it is expanding its all-Boeing fleet with an order for 100 Max jets instead of buying planes from Europe's Airbus. Southwest to buy 100 Boeing 737 Max...
Dallas developer eyes North Fort Worth business park
Two buildings near Interstate 35W would include almost 1 million square feet. A Dallas-based developer is planning a major distribution hub in Fort Worth — its second new speculative warehouse project in North Texas this year. Ironwood Realty Partners broke ground in February on the first phase of...
Texas lamb, goat meat markets thriving amid high demand
Texas lamb, goat meat markets thriving amid high demand Texas lamb and goat meat producers continue to command high prices in a niche market driven by high demand and low supplies, according to a Texas A&M AgriLife Extension Service expert. Reid Redden, AgriLife Extension sheep and goat...
Relocation experts help newcomers feel at home
Allie Beth Allman & Associates’ relocation experts understand the area’s real estate opportunities. The number of out-of-state homebuyers shopping Dallas’ vibrant real estate market continues to soar, with no slowdown in sight. Dallas has seen one of the nation’s largest jumps in page views...
Warren Buffett’s Berkshire Hathaway proposes an $8 billion fix for Texas electric grid
‘One-company capacity market’ would earn a guaranteed return under a plan being circulated in Austin. Berkshire Hathaway Energy, part of Warren Buffett’s giant holding company, is proposing a fix for the Texas electric grid, which suffered widespread outages after a brutal storm last month. But...
Texas petrochemical production is still thawing
The chemical industry has been slow to recover from the February cold snap in the state Cold weather in Texas took out much of the state's power, hydrocarbon, and chemical production. The mid-February freeze in Texas still has chemical production snarled more than a month later, leading to...
Texas Freeze Creates Global Plastics Shortage
First, it was a demand slump across pretty much every manufacturing industry because of the pandemic. Then a surge in demand for electronics caused a shortage of microchips, which hit the automotive industry particularly hard. Now, the Texas Freeze has caused a global shortage of plastics. The...
Texas Roadhouse Founder Kent Taylor Dies By Suicide After Battle With Post-COVID Symptoms, Family Says
(CBSDFW.COM/CNN) — Texas Roadhouse founder and CEO Kent Taylor died Thursday, according to a post on the restaurant chain’s Facebook page. He was 65. “Our community and the restaurant industry lost a legend and the Taylor family lost a wonderful son, father and grandad this week,” said a joint...