Mike is an Energywire reporter based in Dallas-Fort Worth. Since joining E&E News in 2013, he has written extensively about energy regulation and the impact of oil and gas development on communities, including hydraulic fracturing, air and water pollution, pipeline construction, traffic problems, and landowner disputes. He also covers state politics, business news and environmental issues. Before joining E&E News he was an energy reporter for Bloomberg News and wrote for several Texas newspapers including the Fort Worth Star-Telegram.
Exxon Mobil Corp. said yesterday it will cut its spending by about a third this year, joining dozens of oil and gas companies that are slashing their costs as they reckon with low oil prices and weakened demand as a result of the coronavirus pandemic.
A Texas regulator asked the state yesterday to delay collecting oil and gas taxes, joining regulators in three states who are pushing to help the drilling industry survive the crash in oil prices brought on by the coronavirus pandemic.
President Trump yesterday didn't rule out asking U.S. oil and gas producers to throttle back production if it means the United States can reach a deal to resolve a price war between Russia and Saudi Arabia threatening to bankrupt some U.S. energy companies.
Over the weekend, Trump first nixed the idea of tariffs to protect the oil industry, then reversed. Meanwhile, oil executives and lawmakers who attended a White House oil summit Friday said they pressed the president on other ideas. What's the administration's plan?
President Trump may have pushed up the price of oil when he tweeted yesterday about a potential deal with Saudi Arabia and Russia, but he is expected to face a divided oil industry when he meets with executives today at the White House.