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Author Archives: Zachary Toliver

STEER announces Eagle Ford Excellence Awards

Does your company strive to be the best and most impactful in Southern Texas? The South Texas Energy and Economic Roundtable (STEER) is accepting nominations for its third annual Eagle Ford Excellence Awards to honor outstanding oil and natural gas companies. This year’s awards are poised to acknowledge petroleum companies and contractors for efforts in preserving the environment, contributing to ...

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Amid request for rate hike, PNM announces fuel-cost drop in customers’ bills

Public Service Company of New Mexico said this week that residential customers will see their monthly electric bills drop by about $2.60 starting this month, thanks to a dip in the cost of fuel used to generate power. The announcement comes at a time when PNM is asking the state Public Regulation Commission to approve the company’s controversial plans for ...

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US manufacturing growth improves in June; hiring jumps

WASHINGTON — U.S. manufacturing growth improved in June, helped by a jump in employment. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose to 53.5 last month from 52.8 in May. Manufacturing activity matched January’s level for the highest this year. Any reading above 50 signals expansion. Manufacturing growth has accelerated ...

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Using bad tank cars? Then pay a fee, Brown proposes

Sen. Sherrod Brown wants shippers using tank cars that have been linked to fiery train derailments to pay fees that would be used to reroute train tracks, train first responders and clean up spills. Brown has proposed fees that start at $175 per car for those using the DOT-111, a tank car that federal regulators have warned hazardous-material shippers against ...

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Oil prices settle into new equilibrium: Kemp

jack

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015. Over the last 30 trading days, the range between the highest ...

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Texas officials find (again) air emissions safe in the Barnett shale

A recent peer-reviewed study is a gust of fresh air for shale development in Texas. Analysis found that North Texas natural gas drilling in the Barnett Shale has not contributed to dangerous increases in harmful levels of air emissions. In a study published by scientists at the Texas Commission on Environmental Quality (TCEQ) in the Journal of Unconventional Oil and ...

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Second Shell Oil drilling rig on its way to Alaska

EVERETT, Wash. — Royal Dutch Shell’s second Arctic drilling ship, the Noble Discoverer, is on the move from Washington state to Alaska. KIRO-TV reports the massive oil drill rig was escorted from the harbor in Everett by two tug boats and two Coast Guard vessels. The Noble Discoverer started its move around 4 a.m. and is moving about 7 miles ...

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