David Wethe
@DavidWethe
Energy reporter in Houston @Business. 🎙Voice of the Grizzlies. @Mizzou grad. Formerly @startelegram @DallasBizNews. Opinions = mine. Retweets not endorsements.
President Javier Milei is counting on a shale-oil boom in Argentina to cement his libertarian economic reforms. Read The Big Take ⤵️ bloomberg.com/news/features/…
US shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to US military strikes on Iran. w/@CrowleyKev bloomberg.com/news/articles/…
Dispute over Lamborghini keys leads to discovery of cocaine, MPD says beaumontenterprise.com/news/crime/art… via @BmtEnterprise
NEW: Alden Global Capital's MediaNews Group is making a last-minute bid for The Dallas Morning News, which reached a deal with Hearst earlier this month. MediaNews offering $16.50 a share to Hearst's $14 nytimes.com/2025/07/22/bus…
SCOOP: The toxic water that gushes out of oil wells in the Permian Basin of Texas and New Mexico has spurred environmental concerns and even earthquakes. Now it’s turning producers against one another. bloomberg.com/news/articles/… w/@CrowleyKev
Heart-wrenching storytelling from @claireballor this morning. ‘It doesn’t look like we’re going to make it.’ D-FW couple’s final calls haunt loved ones dallasnews.com/news/2025/07/1…
Kerr County asked Texas to help pay for a flood warning system for 8 years. Can it happen now? statesman.com/story/news/inv…
Texas officials have long worried about the dangers to children who packed into camps each summer along the flood-prone Guadalupe River. They knew that warning systems were inadequate. So why was nothing done? We have reviewed documents spanning a decade to find answers. 🧵 1/9
Houston ISD superintendent Mike Miles has been on a victory lap about the district's double-digit STAAR gains in Biology and Algebra. But those bumps came partly from pushing thousands of poor students into less rigorous classes. For @TexasMonthly texasmonthly.com/news-politics/…
Trump says “drill, baby, drill” — but Houston’s oil offices are emptying. w/@j_lovinger. Edited by @KaraWetzel bloomberg.com/news/features/…
“I don’t think that thing is ever coming back — it may still be here when you and I have departed the Earth, just standing there.” Energy mergers weigh on Houston real estate. Always a blast working with @DavidWethe: bloomberg.com/news/features/…
This one is for you Dad. The team wouldn’t be in OKC without your vision. Now Oklahoma City is on the map and we are world champions!!!
The US sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Meanwhile, the DUC count grew for a 4th straight month, the longest expansion in 5 years bloomberg.com/news/articles/…
The University of Texas System grew rich from oil and natural gas over the last century. Now, it’s diversifying, bolstering revenue from the surface: wind, solar and data centers to power crypto and AI. GIFT LINK: bloomberg.com/news/features/…
US oil rigs are increasingly going offline as crude prices fall. The Baker Hughes US crude oil rig count has dropped to the lowest since 2021.
Galveston, Texas, is undergoing a revival as demand for cruising surges, but swarms of tourists are provoking a backlash among some locals. Great story by @redd_brown55 bloomberg.com/news/features/…
Wil VanLoh, the founder of one of the biggest private-equity backers of shale drillers, said he’s concerned the Trump administration is creating "a lot of chaos" both for the US energy industry and the overall economy bloomberg.com/news/articles/…
Banks are cutting estimates for the average oil price this year to below $60 a barrel amid production hikes from OPEC+ and flat crude demand growth, according to a survey from the law firm Haynes Boone bloomberg.com/news/articles/…
The biggest US oil field has been pumped so full of poisonous wastewater from shale drilling that it’s at risk of leaks, Texas regulators are warning — a development that could force producers to curtail output bloomberg.com/news/articles/… w/@CrowleyKev
While the Energy Department pushes for more drilling, the frack company founded by Secretary Chris Wright is forecasting a slowdown in shale drilling later this year bloomberg.com/news/articles/…