Precision Drilling to maintain dividend at 7 cents per share North American demand for drilling services failed to meet “even the most pessimistic forecasts” in the first quarter and it’s going to take much higher oil prices for it to pick up again, the CEO of Precision Drilling Corp. said Monday. “While oil prices have
Precision Drilling Q1 profit plunges 76%, revenue declines 24% Read More »
XTO Energy, Enervest Operating will defend their Azle area operating permits A recent study linking strong earthquakes near Azle to waste water disposal wells has caused the Texas Railroad Commission to summon two producers to a show cause hearing in June. On Friday the Commission directed its Hearings Division to initiate proceedings requiring the operators of
Azle disposal wells subject of show cause hearing investigating earthquakes Read More »
Greenpeace estimates spills in Russian oilpatch amount to six million tonnes per year When you live in the middle of the Russian oilpatch, even the fish smell, says an aboriginal leader from that country. “The fish are smelling like oil and the water in the rivers, it’s undrinkable,” said Nikolay Rochev, the head of Izvatas,
Russian oilpatch ignores rights, environment: aboriginal leader Read More »
3.6 magnitude earthquakes were felt above ground, says Railroad Commission The Texas Railroad Commission says it is taking steps to address concerns after a study published in science journal Nature Communications confirmed recent earthquakes near Azle were caused by waste water disposal wells. RRC Commissioner Ryan Sitton Thursday directed Commission staff to work with seismic researchers at
Railroad Commission hosts public hearing into Azle earthquakes Read More »
North American rig count down 23 for week ending April 24 Baker Hughes reports the North American rig count has declined by 23 this week and in the US, rig counts are down by 22. A total of 1011 rigs were operational in North America, 932 in the US, 33 in the Gulf of Mexico
North American rig count drops again this week Read More »
Wastewater wells linked earthquakes in over a dozen US areas With the evidence coming in from one study after another, scientists are now more certain than ever that oil and gas drilling is causing hundreds upon hundreds of earthquakes across the U.S. So far, the quakes have been mostly small and have done little damage
Earthquakes linked to wastewater wells in dozen states – report Read More »
Residents near Duke coal ash dumps told not to drink well water North Carolina officials are advising dozens of residents near Duke Energy coal ash dumps not to drink or cook with water from their wells after tests showed contamination with toxic heavy metals. The state Department of Environment and Natural Resources said Tuesday that
Toxicity found in well water near Duke coal ash dumps Read More »
American oil production – USA a net petroleum importer through 2040 In its recently released Annual Energy Outlook 2015, the Energy Information Administration expects American oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores the effects of domestic American oil production under
American oil production to continue rising, imports to drop – EIA Read More »
Noble Energy settlement could cost $73.5 million Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. The proposed deal, filed in federal court Wednesday, comes after regulators found the Houston-based company’s oil
Noble Energy agrees to Denver area air-pollution violation settlement Read More »
Texas earthquakes recorded on previously inactive fault lines With real-time monitors, scientists have linked a swarm of small Texas earthquakes west of Fort Worth to nearby natural gas wells and wastewater injection. In 84 days from November 2013 to January 2014, the area around Azle, Texas, shook with 27 magnitude 2 or greater earthquakes, while scientists
Texas earthquakes linked to gas wells, wastewater injection Read More »
