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Tag Archives: oil and gas

Exxon CEO predicts alternative energy will grow but oil to remain top fuel through 2040

exxon mobil

DAVID KOENIG , Associated Press DALLAS — The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world’s leading source of energy for another quarter century. CEO Rex Tillerson says natural gas will surpass coal as the second most heavily used fuel. Tillerson made the comments Wednesday at the company’s annual shareholder meeting. About 15 ...

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Santa Cruz becomes first California county to ban fracking

By Rory Carroll (Reuters) – Santa Cruz on Tuesday became the first California county to ban fracking, the latest in a string of moves by local governments in the state to take a stand against the controversial oil and gas producing method. Fracking, or hydraulic fracturing, relies on injecting water, sand and some chemicals deep beneath the earth’s surface to ...

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New Bakken workers? Oil, gas industry shows interest in drones

drones

By Katherine Lymn , The Dickinson Press “Drone central.” “The Silicon Valley for unmanned aircraft.” North Dakota. With the oil and gas industry in the western side of the state always looking to be more efficient, and ongoing research at the University of North Dakota on the eastern edge, North Dakota could be the petri dish for future commercial applications of unmanned ...

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Memorial Production to buy oil assets in Wyoming for $935 mln

Memorial Production Partners LP

May 5 (Reuters) – Memorial Production Partners LP said it would buy oil producing properties in Wyoming for about $935 million. The properties, located in two fields in the Bairoil Complex in Sweetwater and Carbon Counties of Wyoming, have an estimated current net production of about 5,900 barrels per day, Memorial Production said on Monday. The deal covers about 6,800 ...

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ND leading the nation in workplace deaths

workers

By Chris Hennen, The High Plains Reader A new, forthcoming report from the AFL-CIO on workplace-related deaths in 2012 in the United States shows North Dakota leading the nation, by far, in the number of deaths per 100,000 workers. The report entitled “Death on the Job” is compiled with preliminary numbers from the Bureau of Labor Statistics at the U.S. ...

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Weld commissioners OK oil company office east of Windsor despite protest by neighbors

office

Analisa Romano for Greeley Tribune, Colo. Weld County commissioners on Wednesday gave the go-ahead for Bill Barrett Corp. to build an office building east of Windsor, despite neighborhood dissent. Neighbors of the oil and gas exploration company’s proposed office building and equipment storage yard at the northwest corner of Weld County Road 33 and Colo. 392 had been fighting to ...

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Co-op wants Killdeer Cenex to ‘start from scratch’: Farmers, ranchers say store and shop have shifted focus too much to oilfield

cenex

By Katherine Lymn, The Dickinson Press KILLDEER — Membership of the Killdeer Farmers Union Cenex Co-op has petitioned to have the governing board removed, citing a focus on oilfield business that has left farmers and ranchers in the dust. Community members met in February to discuss their concerns over the changing products and services offered by the business. At the meeting, ...

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Fracking debate bubbles to the political surface

oil patch

By: Anne Cumming Rice While two cities in northern Colorado face lawsuits over fracking bans and moratoriums that voters passed last fall, an even larger debate over fracking is beginning to brew at the state level. In the last three months, two groups have announced intentions to gather signatures to put anti-fracking measures on the state ballot in November. One would ...

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UN Climate Chief Urges ‘Urgent Transformation’ Of Oil And Gas Industry

Tar Sands

* Figueres says three quarters of reserves may have to stay in ground * UN wants “urgent transformation” towards greener future By Alister Doyle, Environment Correspondent OSLO, April 3 (Reuters) – The U.N.’s climate chief called on the oil and gas industry on Thursday to make a drastic shift to a clean, low-carbon future or risk having to leave three-quarters ...

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Lario Oil & Gas gets $600 million credit

oil rig

DENVER (AP) — Lario Oil & Gas says a $600 million credit facility it has negotiated with Wells Fargo and others gives it flexibility as it expands in regions where hydraulic fracking has created an oil boom. In a statement released Monday by its Denver office, Lario said Wells Fargo and JP Morgan were the joint lead arrangers of the facility, ...

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