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Tag Archives: oil and gas

A bright future for the Permian Basin

By: John Bestoloffe , Shale Plays Media The Permian Basin’s tight oil plays are expected to lead the US in production according to new data and estimates. According to new statistics from Rystad Energy, an independent oil and gas consulting service and business intelligence data firm, the Permian Basin’s “tight” play is expected to pull ahead of all other U.S. tight ...

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INSIGHT-Better late than never, Germany joins new scramble for Africa

By Stephen Brown * Germany slow to invest in region outside S.Africa, Nigeria, Algeria * Now scrambling to catch up with China, France and other rivals * World’s 2nd-biggest exporter eyes growing African consumer markets * Africa hopes arrival of Germans will help develop local industry BERLIN, May 28 (Reuters) – German industry’s representative in Angola, Ricardo Gerigk, has a tough ...

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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


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


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


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


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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