The Denton, Texas City Council voted 5-2 Tuesday night against enacting a permanent ban on the continued permitting of hydraulic fracturing within its city limits. City leaders had introduced a temporary ban on new permits in May after fracing-ban proponents delivered a petition containing about 2,000 signatures. The city’s temporary ban is set to expire in September, according to an
A ballot initiative that would have given communities the power to regulate local oil and gas operations was pulled Monday for a lack of supporting signatures, according to a report by the Denver Post Tuesday. “Initiative 75 would have added the so-called Community Rights Amendment to the state constitution, but to get it on the ballot required 86,105 valid signatures
The Energy Information Administration reported a draw of 7.525 million barrels in crude oil inventories in its Weekly Petroleum Status Report for the period ended July 11, 2014. The drop is the largest since a January 11, 2014 draw of 7.628 million barrels and far exceeded the estimates of ten economists polled by Bloomberg. The current reduction is more than
