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Tag Archives: oil boom

Wyoming oil, gas drilling setback increase heads to vote

CASPER, Wyo. — Wyoming oil and gas regulators are set to decide whether the state should require oil and gas drilling to take place farther away from homes and businesses. The current minimum distance is 350 feet. The Wyoming Oil and Gas Conservation Commission will consider Tuesday whether to expand that to 500 feet. The petroleum industry says it can live ...

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End of the line

Odessa, Texas

The oil boom brought a surge of building along the railroad passing through the heart of Odessa, harkening back to its history as a rail town. They were some of the biggest-dollar developments — and injections into the local tax base — including multi-million dollar investments that included a Weatherford International campus, giant storage tanks for frack sand and a ...

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Carlsbad moves ahead with plan to ease housing shortage

CARLSBAD, N.M. — The Carlsbad City Council has approved a zoning change that officials are hoping will help ease a housing shortage caused by the oil boom. The Carlsbad Current-Argus reports that the zoning change will allow for developers to build an apartment complex on two lots that were previously zoned for commercial use. California-based Silverado Land Company has plans to ...

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5 developers will present pitches for new Williston airport

WILLISTON, N.D. — A committee working toward a new airport in Williston will hear pitches from five developers that want to design the facility. The panel received 10 applications, according to Williston Economic Development Executive Director Shawn Wenko. Five of those have been invited to interview. The three-person committee is doubling in size for the interview process. Wenko, Mayor Howard ...

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Drop in oil prices leaves roughnecks at loose ends

DALLAS — The drive from Ken Mercer’s home in Tennessee to the oil fields of western North Dakota takes 20 hours if you drive straight through. Every month, Mercer, an Army veteran who served in Iraq, would make the trip as part of his two-weeks-on, two-weeks-off hitch with the Houston oilfield services company Patterson-UTI. Rotating 12-hour shifts aboard a drilling ...

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Growing pains: Oil boom turns prairie school to melting pot

WATFORD CITY, N.D. — Every morning as principal Brad Foss arrives at his school — after just a 60-second commute — he’s reminded of oil’s giant footprint in this town. There’s the revolving-door student roster that reads like random pages of a school atlas: Jiang from China, Emma from Utah, Jose from Guatemala, Omar from Arizona. There are the teachers, ...

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Venezuela to announce change in fuel policy ‘soon’

CARACAS, Feb 13 – Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signaling the OPEC nation is moving ahead with along-awaited hike in the world’s cheapest fuel. Gasoline is so heavily subsidized in Venezuela that one U.S. cent buys about 5 gallons, costing the government as much as ...

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Energy expert says oil price floor is near

pump jizacks

At the monthly San Angelo Chamber of Commerce luncheon Tuesday, Edward Mota reported a steady three-day updraft in the price of crude oil, to near $53 per barrel. By day’s end, the slippery substance had again changed directions but still closed above $50 per barrel. “The consensus is we are trying to find a price floor here, and we’re not ...

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