Two-year North Dakota state revenue projections drop from $8.3B to $3B Two years ago, North Dakota was so flush with money from the energy boom that lawmakers spent over $1 million to spruce up the cafe at the state capitol. Now, the fall in oil prices has tightened the revenue tap and the nation’s fastest-growing […]
North Dakota considers austerity due to low oil prices Read More »
Texas oil and gas operators now able to submit Railroad Commission of Texas payments online The life of Texas oil and gas operators got a little bit easier Tuesday, as two more application forms are now available to be filled out online from the Railroad Commission of Texas. The Railroad Commission of Texas says having Form GW-1,
More Railroad Commission of Texas online applications for operators Read More »
Snowpack in the Sierra Nevada at 12 per cent of average Flying over the Sierra Nevada as California entered its fourth year of drought, the state’s energy chief looked down and saw stark bare granite cloaked in dirty brown haze, not the usual pristine white peaks heaped with snow that would run the state’s hydroelectric
Meagre western US snowpack contributes to waning hydro power Read More »
Texas leads oil-producing states with 538 rigs Texas is losing drilling rigs as oil prices continue to drop, but a few oil-producing states actually gained rigs, according to the latest Baker Hughes rig count. Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled
Texas loses rigs, 6 states gain in latest rig count Read More »
Pegasus pipeline ruptured March 29, 2013, in Mayflower, spilling more than 200,000 gallons of crude oil A federal class-action lawsuit against Exxon Mobil Corporation over a 2013 Pegasus pipeline spill in central Arkansas has been dismissed by a federal judge, who acknowledged in his ruling that his decision seems unfair. U.S. District Judge Brian Miller on
Lawsuit dismissed over ExxonMobil Pegasus pipeline spill Read More »
Two largest greenhouse gas emitters working on carbon negotiations A U.S. envoy for climate change said Friday that China and the U.S. are working more closely than ever ahead of a conference this year in Paris that raises hopes for a global plan to cut greenhouse emissions. Special Envoy Todd Stern told reporters in Beijing
China, US carbon negotiations – countries closer, more co-operative Read More »
Changes to fracking chemicals rules take effect in June The Obama administration said Friday it is requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing, the first major federal regulation of the controversial drilling technique that has sparked an ongoing boom in natural gas production
US Oil, natural gas drillers must disclose fracking chemicals Read More »
US crude oil production in Feb. was 9.3 million bbls/day, up 14.5% from year earlier Total US petroleum deliveries (a measure of demand) rose 1.5 percent from Feb. 2014 to average 19.3 million bbls/day, according to the American Petroleum Institute. This was the highest February demand since 2008. “Greater demand for gasoline and jet fuel
US petroleum consumption reaches 19.3 million barrels/day in February Read More »
Survey represented 60% of American refineries A new survey of American refineries shows the domestic industry has plenty of capacity to handle the growing U.S. oil supply. Veris Consulting conducted the voluntary survey (data was collected Nov.-Dec. 2014) of American Fuel & Petrochemical Manufacturers members and found that refiners have more than enough processing capacity for the increased influx of light
American refineries ready for surge of light sweet crude – survey Read More »
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
Production falling in key shale fields, rising in Permian Basin Read More »
