Archive for March, 2015
Quicksilver Resources files for bankruptcy, $1.35 billion in liabilities
Quicksilver Resources anticipates carrying on normal operations as it restructures Quicksilver Resources Inc. (OTCQB:KWKA) – saddled with $1.35 billion of liabilities, 10 times its cash flow – announced Tuesday that it has filed for chapter 11 bankruptcy protection. The company was unsuccessful at finding investment or a buyer for its assets, which includes unconventional shale reservoirs and […]
Production falling in key shale fields, rising in Permian Basin
Rig counts fell sharply in 2015, EIA forecasts shale production declines beginning in March Shale oil production is forecast to begin declining in three key American field, but continuing to increase in the Permian Basin, according to a new report. The Energy Information Agency’s most recent Drilling Productivity Report indicates a change in the crude oil production […]
Natural gas refuelling stations enjoy big increase in Texas
More than 7,200 natural gas vehicles in Texas, spurs growth of natural gas refuelling stations A new survey shows 130 natural gas fuelling stations operating in Texas, a 25 per cent increase from September 2014. TheRailroad Commission of Texas survey documented 42 additional stations in the planning stages, indicating a steady build-out of natural gas infrastructure in […]
US rig count: Fell by 67 last week to 1,125
According to latest US rig count, Texas lost 37 rigs The US rig count fell again last week, but not by as much as Canada, and the international rig count actually increased. Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 67 […]
Texas Railroad Commission: Time for a name change?
Texas Railroad Commission has nothing to do with trains, everything to do with energy By Ryan Sitton Having served on the Texas Railroad Commission charged with overseeing energy production in Texas for only two months, I recognize that I’m the “new kid on the block.” But people, including legislators, continually ask my opinion about an important […]
American energy subsidies down, oil and gas drop by 20%
Big increase in American energy subsidies to solar power Washington is spending less on American energy subsidies and re-directing more toward the rapidly growing solar industry, according to a new report. The US Energy Information Administration says that between fiscal year 2010 and 2013 the share of tax expenditure in total financial interventions and subsidies declined […]
Texas Senate Bill 12 to switch govt vehicles to natural gas applauded by T. Boone Pickens
Grants available to Texas counties, cities to switch to natural-gas vehicles if Senate Bill 12 passes Texas government employees may soon be driving natural gas-powered cars and trucks if Senate Bill 12, filed Thursday, is passed, and that makes the Lonestar state a leader in switching to domestic fuels from imported oil, says T. Boone Pickens. A group of […]
American refinery strike: Agreement reached with Steelworkers
American refinery strike had limited effect on production because of automation The United Steelworkers union has reached an agreement with Shell that could soon lead to the end of a six-week American refinery strike that has affected 12 U.S. facilities. The union and Royal Dutch Shell have been negotiating a contract that would serve as […]
Sex assault, stalking investigation ‘PR disaster” for climate movement
Pachauri claims hacking, plot against him because of his support for global warming Rajendra Pachauri, one of the world’s most famous climate movement officials, is being investigated under three sections of the Indian Penal Code relating to sexual assault, harassment, and stalking. He has resigned as longtime chairman of the UN’s Intergovernmental Panel on Climate […]
California renewable energy plants moving forward on federal land
California renewable energy plants in Mojave, Southern California deserts The state and federal governments will move forward on less than half the desert land initially designated for California renewable energy plants, officials said Tuesday, leaving millions of acres in limbo as local governments decide how they want to handle large-scale solar, wind and geothermal projects. Regulators […]
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