Friday, August 14, 2026

Texas May Have Cruised Past the Worst of the Oil Bust

From the Dallas Business Journal The Texas economy may be set to bounce back after weathering the worst of the plunge in oil prices, according to a Federal Reserve Bank of Dallas economist. The pace of new jobs created in the state is outpacing the rest of the nation, increasing by 3.2 percent in July and 2.6 percent in August.

DTE Energy to Acquire Southwest Marcellus/Dry Utica Gas Infrastructure in $1.3 Billion Deal

Detroit based power provider DTE Energy (ticker: DTE) announced it will purchase midstream natural gas assets in Appalachia. The combined purchase price for the assets to be acquired by DTE is $1.3 billion. The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream.