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Tag Archives: Oil & Natural Gas

US rig count drops 5 this week to 415

rig count, oil natural gas

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by five this week to 415, another all-time low amid depressed energy prices. A year ago, 894 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday that 338 rigs sought oil and 86 explored for natural gas. One was listed ...

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Colorado Democrats avoid fracking fight

Ivan Moreno | The Associated Press DENVER — Colorado Democrats avoided a politically costly fight over oil and gas drilling after a quid pro quo deal pitched by the state’s fracking-friendly governor prompted groups to drop their dueling ballot proposals. The cease-fire compromise from Gov. John Hickenlooper was announced with great fanfare at the state Capitol Monday morning with U.S. ...

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Basin operators increase interest in shipping oil by rail

Mella McEwen | The Midland Reporter-Telegram (Midland, Texas) Billions of dollars have been pouring into the Permian Basin in recent years as pipelines rush to help producers move their crude and natural gas to market. Despite the investment in new pipelines and gathering lines and expansion of existing lines, takeaway capacity remains tight and producers are increasingly turning to the ...

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In Ukraine Crisis Wake: Geopolitics and a case for European LNG import terminals

Jared Anderson | Breaking Energy The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of ...

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Carbon captured from power plants potential key to future oil production

Chuck Raasch | The St. Louis Post-Dispatch WASHINGTON — A new $1 billion Texas project to capture carbon dioxide from a coal-burning power plant and use it to extract hard-to-get oil out of existing wells may be a breakthrough that a coalition of energy, technological and environmental interests has been looking for. If successful, the project could have a long-term ...

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Appeals court sides with Chesapeake on royalties

chesapeake

Max B. Baker | The Fort Worth Star-Telegram Barnett Shale landowners fighting to keep Chesapeake Energy from deducting post-production costs from their royalty checks were dealt a potentially serious blow by two recent federal appeals court decisions, which stated that the gas-drilling giant is allowed to do so under the terms of their leases. The 5th U.S. Circuit Court of ...

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Changes to Idaho’s Oil and Gas Industry Proposed

idaho

Brian Smith | The Times-News BOISE — After months of negotiations, industry representatives, environmentalists and regulators will soon present a set of changes to the rules governing Idaho’s budding oil and gas industry. On Tuesday, the Idaho Oil and Gas Commission will mull the proposed rules before they go out for a 21-day public comment period in early September and ...

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