Oil Producers Cramming Wells in Risky Push to Extend Boom
U.S. shale producers are cramming more wells into the juiciest spots of their oilfields in a move that may help keep the drilling boom going as prices plunge.
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Judge to hear Colorado man's plea agreement in teacher's killing in Bakken oil patch
A Montana judge will consider a plea agreement Wednesday that calls for a Colorado man to plead guilty to killing a high school teacher and burying her in a shallow grave in the Bakken oil patch.
…Crude oil rule changes urged
Albany Two commissioners in the Cuomo administration are urging the North Dakota governor to back proposed rules that would make crude oil from that state's Bakken field less explosive before it is shipped on rail cars, thousands of which are …
Falling oil prices stretch Venezuela's books to limit
Caracas (AFP) – Sliding oil prices are deepening the budget crisis facing the Venezuelan government, which is already struggling to fund its lavish subsidies and rigid exchange-rate controls, analysts say.
…6-figure oil jobs lead to massive shortage of home builders
In the oil boom towns of North Dakota, Texas and Colorado there's a big demand for new homes — but there's no one to build them.
…Study in Irony: Researchers Say Oil Rigs Are Great for Fish
Those giant offshore oil platforms dotting California’s coastline look like the least friendly marine habitat you could find.
…Oil ends up after China demand news, fragile recovery seen
Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Analysts and traders cautioned, however, that global economic data, especially out of …
RSP Permian, Inc. Announces Timing of Third Quarter 2014 Financial Results and Conference Call
DALLAS, Oct. 21, 2014 /PRNewswire/ — RSP Permian, Inc. ("RSP" or the "Company") (RSPP) today announced that it will release its third quarter 2014 results before the New York Stock Exchange opens on Monday, November 10, 2014. This release will …
Investors Pile Into Oil Funds at Fastest Pace in 2 Years
Investors are putting money into funds that track oil prices at the fastest rate in two years, betting that crude will rebound from a bear market. The four biggest oil exchange-traded products listed in the U.S. Shares outstanding of the …
Permian Basin Royalty Trust Announces October Cash Distribution
DALLAS, Oct. 21, 2014 /PRNewswire/ — Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.056006 per …
…Comparing National Fuel Gas to its exploration and production peers
In this article, we'll compare National Fuel Gas with some of its larger E&P peers that operate in the Marcellus Shale.
…Firefighters want countywide plan
Local firefighters warned Bergen County officials on Monday that they don’t have the manpower, equipment or expertise required should there be an accident involving trains carrying millions of gallons of volatile Bakken crude oil that pass through their towns every …
Infocast Set to Host Eagle Ford & Burgos Basin Cross-Border Development Summit on November 5-6, 2014
The Content-Packed Conference Remains the Only Event Focused on Cross-Border Opportunities Between Texas and Mexico, Brings Together All Stakeholders to Network and Capitalize on Growing Opportunities (PRWeb October 20, 2014) Read the full story at http://www.prweb.com/releases/2014/10/prweb12256169.htm
…Sumitomo’s Loss Shows Shale Isn’t Booming for Everybody
Land in the Permian Basin, the busiest shale patch in the U.S. oil boom, is worth either $1,000 an acre or 50 times more, depending.
…Pa. studies on shale-site air emissions incomplete, according to court documents
Three widely cited state studies of air emissions at Marcellus Shale gas development sites in Pennsylvania omit measurements of key air toxics and calculate the health risks of just two of more than two dozen pollutants.
…Texas Roughnecks Overrun Best Western as Boom Lives On
A stream of trucks pass through the small town of Kennedy, Texas. Oil production from the Eagle Ford region has jumped 27-fold in the six years since the Petrohawk well, thanks to techniques such as horizontal drilling and hydraulic fracturing …
Impact fees benefit Alle-Kiski Valley
Since Marcellus shale gas drillers began paying the state-imposed impact fee three years ago, the money has helped Alle-Kiski Valley communities fix roads, improve parks …
…Study: Marcellus Shale Created 45,000 Trade Jobs
How many jobs is the shale gas industry creating?
…Shale Oil Production From Bakken, Eagle Ford Up 2.1% in September: Platts' Bentek Energy
DENVER and HOUSTON, Oct. 17, 2014 /PRNewswire/ — Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, …
…Southwestern Energy to buy $5.4 bln in assets from Chesapeake
* Southwestern to buy assets in Marcellus and Utica shale fields * Southwestern shares at 2-yr low indicating co is overpaying * Southwestern adds 435 horizontal wells through deal (Adds Breakingviews column link, updates share movement) Oct 16 (Reuters) – …
Low Oil Prices Raise the Risk of Recession in Russia
Oil prices dipped to around $92 per barrel in early October
…Oil rises on tight U.S. gasoline stocks, options expiry
Oil prices rose in volatile trade on Thursday, as data showing tight U.S. By the end of the session, oil prices had given up much of those gains, but remained higher on the day. Brent crude for December delivery (LCOc2) …
Clayton Williams Energy Updates Eagle Ford and Delaware Basin Operations and Provides Updates to Production Guidance
Clayton Williams Energy, Inc. today provided an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to product
…Clayton Williams Energy Updates Eagle Ford and Delaware Basin Operations and Provides Updates to Production Guidance
Clayton Williams Energy, Inc. today provided an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to product
…Falling oil prices shake up global economies
NEW YORK (AP) — A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices …
Marathon Oil Closes Norway Business Divestiture for $2.1B
Marathon Oil Corp. (MRO) announced that it has completed the sale of its Norway operations.
…Shale Rail Means Cheaper Gas for California; the Lack of a Natural Gas Pipeline Means Higher Winter Heating Prices in …
Last week there was an article in the Wall Street Journal (WSJ) describing how shale rail – oil produced by “fracking” shale rock – is finally moving to California. Crude oil is worthless if it can be transported to refineries. …
As Oil Prices Fall, Who Wins And Who Loses?
Prices are down 25 percent since June, unleashing ripples around the globe that range from lower gas prices in the U.S. to budget problems in Russia to political pressures in the Middle East.
…As Oil Prices Fall, Who Wins And Who Loses?
Oil is down 25 percent since June, unleashing ripples around the globe that range from lower gas prices in the U.S. to budget problems in Russia to political pressures in the Middle East.
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