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Dallas Fed: Energy indicators see continued increase

proven oil reserves

The most recent report from the Federal Reserve Bank of Dallas for June 2017 shows that many indicators for the oil and gas sector continued to increase in May. While WTI crude dropped slightly, production growth continues to stay strong, especially in the Permian basin. Below is a summary of the report from the Dallas Fed. For more details and graphs, be sure ...

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U.S. Silica plans Permian frac sand plant

frac sand, U.S. Silica

Frederick, Maryland-based U.S. Silica announced plans Monday to build a new frac sand mine and plant in West Texas to serve the Permian Basin. The Permian has been growing steadily despite the recent oil slump, supported by increased production and recently discovered oil reserves by the U.S. Geological Survey at the end of last year. The projected budget for the ...

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Oil company protects pregnant polar bear

polar bear

An oil company operating in Alaska has proven to be an ally in protecting a pregnant polar bear. The bear sought to dig a maternity den in a snow drift along a bridge leading to an artificial production island off the north coast of Alaska, reports Dan Joling from the Associated Press. Hilcorp Alaska LLC took “vigorous measures” to make ...

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API and COGA join in Colorado oil and gas moratorium lawsuit

oil and gas moratorium, Boulder County

Colorado Attorney General Cynthia Coffman is being joined by the Colorado Oil and Gas Association (COGA) and the American Petroleum Institute (API) in a lawsuit that hopes to put an end to the moratorium on oil and gas development in Boulder County, Colorado. John Flynn from the Times-Call reported that Boulder District Judge Norma Sierra granted the two industry trade ...

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Coal dominates in Texas as energy source

texas wind energy,

According to the Electric Reliability Council of Texas, coal was the number one energy source for Texas in January, reports FuelFix. Coal provided nearly 36 percent of Texas’ energy, followed by natural gas at 30 percent and wind energy at 20 percent. Natural gas prices increased in January, which led to higher demand for the cheaper coal. Typically, natural gas is the dominant ...

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Dynasty Downhole Services Acquisitions Expand North American Capabilities

Dynasty Downhole Services, Fishing, oilfield services, M&A

Lafayette, LA.–Dynasty Downhole Services has expanded their North American services with the recent purchase of Key Fishing & Rental’s Deepwater assets in Houma, Louisiana and Slaugh Fishing Services with services centers in Vernal, Utah, Ft. Collins, CO and Watford City, ND; bringing the total number of Service Centers to eight.   The Dynasty leadership team offers over 150 plus years of hands-on experience ...

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Two Marcellus, Utica area natural gas pipelines approved

European pipeline, Trans Adriatic pipeline

The executive order that gave TransCanada the go ahead to pursue completion of the Keystone XL Pipeline stole the spotlight from two smaller, but still substantial pipeline projects received approval from the Federal Energy Regulatory Commission (FERC). A TransCanada press release announced the approval for the construction of the Leach XPress and RayneXPress projects. Both will provide natural gas from the ...

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University of Denver rejects a bid to divest from oil and gas

solar, University of Denver student initiative

  A student-led initiative to get the University of Denver to divest from fossil fuel investments in its private endowment fund has been rejected by trustees, reports the Denver Post. Board chair Douglas Scrivener said that divesting from fossil fuels didn’t fall in line with the university’s purpose nor would it effectively help fight against global warming. The board’s answer ...

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Hickenlooper praises Colorado clean energy production in State of the State address

Hickenlooper, state of the state, Colorado energy

Colorado Gov. John Hickenlooper’s sang the praises of energy production in his State of the State address Thursday. Hickenlooper was focused on economic growth and the ability of the state’s businesses to compete equally on the global stage, with specific mention of rural incentives and job training as imperative to keeping up with the rest of the world. However, when it ...

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