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Exclusives

Anadarko OK’d for Wyoming environmental assessment

A month-long public comment period opened Tuesday for Converse County regarding an environmental assessment (EA) for oil and gas propositions, according an Oil City article. The Bureau of Land Management Casper Field Office will conduct the EA concerning Anadarko Petroleum’s proposition to explore and possibly develop oil and gas possibilities in a 19,000-acre area of land 15 miles east of ...

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Erie strikes down fracking ban

Oil and gas companies Anadarko Petroleum Corp. and Encana Corp. are now free to seek operation permits in the city of Erie, according to a Denver Business Journal report. The city’s board of trustees struck down an oil and gas moratorium on Tuesday. Mayor Trina Harris encouraged further negotiation between the city’s staff and the corporations regarding new Memorandums of ...

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Low oil prices strike Louisiana’s industrial growth

Last year, Sasol Ltd. announced it had received approval from the U.S. Army Corps of Engineers to build a gas-to-liquids plant and an ethane cracker facility near Lake Charles, Louisiana. Now the South Africa-based company is delaying its investment in the project, according to a press release. Sasol was set to invest $11 billion into the new facilities, a massive ...

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Kinder Morgan exec talks the Bakken, oil prices

The CEO of Kinder Morgan Inc., Richard Kinder, believes that change goes hand in hand with opportunity. In a recent report by The Bakken Magazine, the leader of North America’s largest midstream energy firm and the third largest energy company spoke about the changes within the company and the state of the commodity price market. Following a recent acquisition and ...

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Montana’s Bakken boom might have gone bust

The Bakken oil boom in Montana has gone bust, or at least that’s the belief held by Terry Johnson, director of energy research at the University of Montana’s Bureau of Business and Economic Research. Montana Public Radio reports that Johnson said, “I would argue that the Bakken boom in Montana actually occurred back in 2005 and 2006. That the boom ...

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Hamm: “Oil prices could rebound faster than expected”

Despite the many recent non business-related headlines about him over the past month, folks within the oil and gas industry should still respect what Harold Hamm has to say. The Continental Resources CEO said Wednesday that he believes “the market doesn’t understand just how quickly oil companies are scaling back their activities, and as a result, oil prices could rebound ...

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Broadening opportunity: What the future of oil and gas could mean for people of color

There are few areas of the workforce that have propagated opportunity and upward mobility like the energy industry. People who had nothing or limited chances found a path through energy-related occupations to buy houses and start families. What is even more gorgeous, energy will never go away. Looking past our current energy production slump, whether its traditional fossil fuels, renewables ...

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Natural gas prices hit an all-time low

Trailing a momentary price increase during November, natural gas has hit its lowest prices since September 2012, reflecting solid domestic production and inventory builds. According to the U.S. Energy Information Administration (EIA), “The 2013-14 winter’s sustained cold weather and record drawdown of inventories led Henry Hub prices to spike to five-year highs, peaking at a monthly average of $6.00 per ...

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Fracking war is threatening the U.K.’s O&G industry

Oil Island in the North Sea

While the U.S. has been battling its own issues regarding fracking–health concerns, environmental concerns, to ban or not ban and waste–the U.K. has also found itself in a predicament when it comes to fracking. On Monday, the third and final examination of the U.K.’s Infrastructure Bill will take place.  The bill would play a key role in securing the future ...

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Fracking causing environmental concerns of seismic proportions

Environmental activists have been dealt a pretty decent hand when it comes to betting against fracking–and as of late–that hand has gone from two-pairs, to a full house. Recently, reports of fracking-related earthquakes are popping up in the news nearly as frequent as job cuts in the oil industry. States like Kansas, Oklahoma, Colorado and Ohio have all reported multiple earthquakes ...

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