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Tag Archives: oil and gas

Texas Tech study proves the prowess of the Permian

In August 2014, a very precise and prolific study was released by Texas Tech University titled “The Economic Impact of the Permian Basin’s Oil and Gas Industry.” The study is an 80-page report that provides estimates of the 2013 economic impact of the Permian Basin’s oil and gas industry and examines these impacts at the county level as well as ...

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Greeley O&G developer dies at 94

A businessman and entrepreneur credited for much of Greeley’s economic development died in a car accident Saturday at the age of 94, according to a Greeley Tribune report. Elmer Lundvalle had a hand in many of the city’s businesses, namely Lundvall Brothers Inc., a gas company he operated with his brother, Roy. “He was one who had a fair amount ...

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La. environmental lobby gains prominent ally

BATON ROUGE, La. — Environmentalists have always had a tough slog in Louisiana, where the oil and gas industry provides tens of thousands of jobs and chemical plants dot the landscape along the Mississippi River. But the cause has picked up a high-profile sponsor in the last few years, retired Army Lt. Gen. Russel Honore, the military leader who won ...

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Plan calls for expanding Gulf of Mexico reef sanctuary

NEW ORLEANS — A federal marine sanctuary protecting coral reefs in the Gulf of Mexico could grow five times in size under a plan being proposed to safeguard an even larger area of the Gulf from scavengers looking for historic shipwrecks, ships dropping anchor, commercial fishing and oil and gas drilling. The National Oceanic and Atmospheric Administration wants to enlarge ...

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Safest mode of transport for oil and gas debated

The more oil and gas that is pulled from the ground by drilling and fracking, the more that will need to be moved from wellheads in North Dakota, Pennsylvania and Ohio to refineries and ports throughout the country. But the best, safest way to transport oil and gas, which can be toxic and explosive, is still being debated. Tanker trucks, ...

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US rig count plunges 87 to 1,456

gas

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 87 this week to 1,456 amid depressed oil prices. The Houston firm said Friday in its weekly report 1,140 rigs were exploring for oil and 314 for gas. Two were listed as miscellaneous. A year ago ...

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Pain in oil and gas industry continues, outlook bleak

The threat of union workers going on strike at U.S. oil refineries has raised more questions than answers for some in the industry, but pulling oil out of Texas wells will continue. While that production will continue, the economic outlook for the state based on oil and gas production doesn’t look too good, one petroleum economist said. Alex Mills, president ...

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COGCC has a plan for future earthquakes

After two small earthquakes last year, the Colorado Oil and Gas Conservation Commission used a “stoplight” risk management plan to prevent or control future quakes. Two small earthquakes in the same Weld County location, on May 31 and June 23, were likely caused by a nearby injection well, but the COGCC said NGL Water Solutions was not in violation of ...

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