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Tag Archives: bakken

$2 gas and booming shale, it’s too good to be true

canola

According to the Energy Information Administration (EIA) it is possible for Texas to have $2 gasoline whiling continuing crude oil production. In the EIA’s short-term energy outlook report, which projects energy production and prices for 2015, Texas will be paying $2 a gallon for gasoline and crude oil production will continue, but at a slower pace. The average national gas ...

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Texas oil boom starts taking hits from cheap gas

pump jack

Falling oil prices are causing some drilling companies to cut back on operations in Texas. Baker Hughes Inc. recently reported shutting down four of its rigs in the Permian Basin of Texas and New Mexico.  Oil rig counts have also dropped in North Dakota’s Bakken shale formation. From this year’s peak, oil prices have dropped 29 percent and are causing ...

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Marathon stays committed to drilling

marathon oil

Marathon Oil is in the process of building its budget plan for next year.  However, falling oil prices aren’t helping the company at all, but Marathon says it is in it for the long haul even though its third-quarter profits took a hit. Like many companies, Marathon is pushing through the process of figuring out how to spend its money ...

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Santa Fe Independent Film Festival: “The Overnighters”

90 minutes, rated PG-13, 12:30 p.m. Sunday, Oct. 19, Center for Contemporary Arts, 4 chiles Director Jesse Moss’ searing documentary, winner of a Special Jury Award for Achievement for Intuitive Filmmaking at the Sundance Film Festival, tells of desperate men who migrate to Williston, North Dakota, to work in the oil fields. Hydraulic fracturing is seen as a get-rich-quick opportunity, ...

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Emergency responders prepare for Mississippi River oil spill in three-day exercise

mississippi

Nearly 100 emergency responders from federal, state and local agencies in three states will spend three days this week training for how to handle a large oil spill on the Mississippi River. In field drills, crews will practice deploying booms to contain a spill, how to collect oil-covered wildlife as well as organization and communication. Emergency crews took part in ...

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Cities struggle to address oil trains without any authority

train

Depending on who you ask, oil trains fall somewhere between rolling time bombs with the potential to lay waste to our entire region and being just one more line item on an already long list of dangerous chemicals lumbering down the tracks toward economic prosperity and energy independence. Still, many across the spectrum worry about the consequences of unprecedentedly long ...

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