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Tag Archives: drilling

Will Trump’s policies affect drilling or pipelines?

California oil field

The election of Donald Trump has thrilled many people across the West’s oil and gas industry who say his promises to roll back regulations will free it from unfair and unnecessary obstacles imposed by President Obama, including drilling in the Western part of the United States. As California “If the Trump administration does nothing but stop being hostile to us, we’ll ...

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Colorado has 40 times more natural gas than thought

natural gas, Colorado, hydraulic fracturing

DENVER (AP) — Western Colorado has 40 times more natural gas than previously thought, but an immediate boom is unlikely because of low gas prices, government and industry experts said Wednesday. The U.S. Geological Survey said the Mancos Shale formation in Colorado’s Piceance (PEE’-yahns) Basin holds about 66.3 trillion cubic feet of gas, up from 1.6 trillion estimated in 2003. ...

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Vietnam demands that China move oil rig

Vietnam demands that China move oil rig

HANOI, Vietnam (AP) — Vietnam demanded Friday that China remove an oil exploration rig from an area of the South China Sea where their border is still being demarcated, and said Beijing’s unilateral actions were complicating regional tensions. The oil rig was at the center of a standoff between the countries in 2014 when China parked it near the Paracel ...

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Texas oil and gas regulator dashes Army Corps’ drilling rule

Texas oil and gas regulator dashes Army Corps' drilling rule

GRAND PRAIRIE, Texas (AP) — Texas’ oil and gas regulator has challenged the U.S. Army Corps of Engineers’ authority to ban hydraulic fracturing and limit injection wells near a North Texas dam. In a letter sent to the corps on Thursday, Texas Railroad Commission Executive Director Kimberly Corley questioned restrictions the corps announced last week that would ban fracking within ...

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Scientists: Earthquake risk increases in 2016

Scientists: Earthquake risk increases in 2016

WASHINGTON (AP) — Federal scientists say the chance of a damaging earthquake hitting east of the Rockies has increased significantly, much of it a man-made byproduct of drilling for energy. Oklahoma now has a 1 in 8 chance of damaging quakes in 2016, surpassing California as the state with the highest probability. In a first-of-its-kind effort, U.S. Geological Survey Monday ...

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Half of continental U.S. oil production comes from new wells

Half of continental U.S. oil production comes from new wells

About half of the oil produced in the continental United States last year came from wells drilled after January 2014, according to the U.S. Energy Information Administration. The data provides insight into the importance of short-cycle shale production and advances in oil industry technologies. Many companies are targeting short-cycle investments, lower-cost projects that take months, rather than years, to come ...

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Judge: BP not to pay oil industry losses from moratorium

Judge: BP not to pay oil industry losses from moratorium

NEW ORLEANS (AP) — A federal judge ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill in the Gulf of Mexico. U.S. District Judge Carl Barbier in New Orleans issued his ruling late Thursday. The Obama administration imposed ...

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Chevron shifts focus to Texas shale

Chevron shifts focus to Texas shale

Chevron plans to focus on shorter-cycle investments in West Texas shale plays after its larger, long-term investments come into production this year. By the end of the decade, Chevron believes it can nearly triple its oil production in the Permian Basin by increasing its rig count from seven to 14. “Don’t be surprised if by the middle of the next ...

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