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Tag Archives: Oil Industry

The new face of the oil boom


By Chris Hennen Assistant Editor, High Plains Reader Right before the end of the year, our region received what many consider to be an important wake-up call to the dangers of the oil boom in North Dakota. The state has been making national news constantly for all the economic benefits the boom has produced but for once we saw in ...

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ANALYSIS-A new hope or false dawn for Mexico’s oil refiners?

TULA, Mexico, Jan 3 (Reuters) – Mexico’s oil refining industry, saddled for years with bloated costs, chronic underinvestment and generous government fuel subsidies, ought to be on the verge of a bright new dawn. A shake-up last month dismantled the state-run Pemex oil and gas monopoly, ending decades of stubborn self-reliance and potentially opening the door to foreign oil companies. ...

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Oil patch seeks wider role for drones

By Zain Shauk A Federal Aviation Administration decision to permit testing of drones in Texas and at other sites throughout the country will open the door to more use of unmanned aircraft by oil companies. The oil industry has been a leader in the use of drones for surveying land and equipment. ConocoPhillips received a permit from the FAA for the ...

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Process turns out oodles of algae, and fast


Government engineers say they have developed a cheaper way to turn wet algae into crude oil, but it may take a few years before it can be sold in any significant quantities. Even though biofuels makers don’t have to pay a dime for oil rigs, it’s still an expensive process. They are, after all, using extremely high temperatures and pressures ...

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Study finds fracking for natural gas saves water


CARLSBAD — The Permian Basin, which stretches from West Texas into Southeast New Mexico, was one of the first proving grounds for the drilling technique known as hydraulic fracturing. The recent economic boom in the area can be attributed to the growth of the oil and gas industry, which produced 1,405.2 trillion British thermal units of natural gas in 2011 ...

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In North Dakota, donations slip as oil slides

BISMARCK, N.D. December 21, 2015 — Thousands of layoffs from the oil industry’s slide have taken a toll on donations in western North Dakota’s oil patch, just as charities say their need is increasing. Donations to the Salvation Army were down by more than 60 percent in Williston, in the heart of oil country, as of mid-December. And energy companies ...

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Encana announces multi-million dollar drilling plans for 2014 in the San Juan Basin

Encana Corp

FARMINGTON — Encana Corporation announced earlier this month a new company strategy and vision, with much of that strategy being focused on the San Juan Basin where it plans to invest hundreds of millions of dollars in new oil and gas production beginning in 2014. The announcement has prompted a flurry of speculation among those in the local oil and ...

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