oil production

Ibraheem Al Omari / Reuters

Oil prices are set to plunge again, reports quartz.com. Oil producers gathered in Doha this weekend in an attempt to freeze production in the glutted crude oil market. With the news of the proposed production freeze, oil prices had recently soared by more than 30%. But the various oil interests failed to reach an agreement.

The United States is the world's top oil producer, even ahead of Saudi Arabia. Most of the oil is accessed by fracking, and that's expensive. How will falling prices impact the drilling industry in states like Texas?

auvet/Flickr

The Oklahoma Legislature passed a bill making tax incentives for oil and gas production permanent.

Governor Mary Fallin is expected to sign the controversial legislation, despite threats of a constitutional challenge posed by an Oklahoma City attorney.

Michael Stravato / nytimes.com

Small, abandoned refineries dot the High Plains, but the domestic oil boom of domestic light-crude is breathing new life into some of them said a recent article in the New York Times.  

State Impact Texas

If Texas were its own country, it would be one of the top producing nations in the world reported State Impact Texas.  When you take a look, almost the entire state has some degree of oil production.