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White House mulled, then balked at curbing explosive gas on oil trains

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WASHINGTON – The Obama administration weighed national standards to control explosive gas in oil trains last year but rejected the move, deciding instead to leave new rules to North Dakota alone. Current and former administration officials told Reuters that they were unsure of federal jurisdiction to force the energy industry to drain volatile gas from crude oil originating in North ...

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Road Trip! What does a slowdown look like in northeastern Weld County?

Colorado Oil and Gas

All is starting to get quiet on the eastern front of Weld County, but the oil patch is not yet dead amid slowdowns predicted because of crashing oil prices. Companies are tightening their belts and announcing massive reductions in capital spending across their assets in many plays, including the Wattenberg. Anadarko Petroleum, one of the top two drillers in Weld ...

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Proposed Christie-Exxon Mobil contamination deal criticized

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ELIZABETH, N.J. — Democratic lawmakers and environmentalists have assailed a proposed court settlement of about $250 million between Republican Gov. Chris Christie’s administration and Exxon Mobil in an oil and chemical contamination case in which the state originally sought nearly $9 billion. The settlement figure, they argued this week, amounts to the state getting just 3 cents on the dollar ...

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Energy Pipeline: Q&A with Bud Weinstein of Maguire Energy Institute

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The key to turning around the recent slowdown in the oil and gas industry may be in oil exports, but it’s anyone’s guess when the Washington mindset remains stuck in the historic oil hoarding of the 1970s. Bud Weinstein, associate director of the Maguire Energy Institute at Southern Methodist University in Dallas, is advocating for exports to bring stability back ...

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Brent hovers under $61, WTI down as euro slips vs dollar

An oil well pump jack is seen at an oil field supply yard near Denver, Colorado February 2, 2015. REUTERS/Rick Wilking

LONDON – Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11-year low against the dollar, offsetting concerns about tensions in Iraq and Libya. The euro fell against the dollar, making commodities priced in greenback more expensive for holders of other currencies, after European Central Bank chief Mario Draghi left ...

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Energy Pipeline: Amid slowdown, Weld County production climbs, and could continue

Getty Images via Newscred; Pump jack in Colorado

Crude production in Colorado’s top county has gone off the charts since 2011, and three years laster it’s still not disappointing. While production numbers are always a few months behind, solid counts through October show Weld County’s 2014 oil production up almost 10 percent from the previous year, and expanding to 83 percent of the state’s oil output, according to ...

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What could save the boom? Energy leaders call for crude exports

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With prices low and production high, businesses are pushing with new vigor in efforts to lift the ban America has over exporting crude petroleum. Most recently, ConocoPhillips Chairman and CEO Ryan Lance spoke at the U.S. Chamber of Commerce Tuesday on the matter. According to a news release from ConocoPhillips, Lance delivered his speech, “American Energy: Keeping the Momentum Going,” ...

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More municipalities express PennEast pipeline concerns

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Wyoming and West Wyoming boroughs are the latest Luzerne County municipalities to go on the record with concerns about the PennEast natural gas pipeline. The new $1 billion, 108-mile, 36-inch diameter pipeline is a joint venture among UGI Energy Services, AGL Resources, New Jersey Resources, Public Service Enterprise Group and South Jersey Industries. It would deliver gas from Marcellus Shale ...

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Scientists outline research wish list for nuclear energy

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ALBUQUERQUE, N.M. — Engineers and researchers from national laboratories and universities around the country are trying to narrow the list of critical research problems the nation needs to address when it comes to nuclear energy. The group gathered at the University of New Mexico is expected to detail its findings Thursday. Participants include representatives from UNM, Colorado State University, Texas ...

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