Compiles

Stability has come to the Texas oil and gas exploration and production sector, which is a good thing for producers and for consumers, said the economist who compiles the state’s monthly Texas Petro Index (TPI).

Overall oil production in Texas declined somewhat in January from December, according to preliminary January production figures from the Railroad Commission of Texas (RRC). But the Eagle Ford Shale kept on pumping, with leading Eagle Ford counties charting substantial oil production increases from year-ago levels.

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

ExxonMobil Corp. was bumped to second place by China’s PetroChina Co. Ltd., according to the 2009 ranking by industry consultant PFC Energy, which annually compiles a ranking of the world’s top energy companies.

A pioneering firm in California’s ill-fated competitive retail electricity market, Costa Mesa, CA-based Commerce Energy Group Inc., is mired in a sea of red ink as it compiles its fiscal 2008 results, selling off a Houston-based energy consulting firm it acquired four years ago and announcing earlier this year that it was cutting about one-third of its work force.