Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Texas governor signs bill restricting local fracking regulations

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Abbott’s signature is the culmination of a marker he set down in January, when he took aim at local regulations affecting not only fracking but tree cutting and plastic bags.
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Governor Abbott signs Texas fracking bill

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The bill, inspired by the local fracking ban voters passed in the city of Denton last November, will take effect immediately after winning more than two-thirds majorities in the Texas House and Senate.
(Jim Wilson/The New York Times)

Oil groups take aim at feds’ fracking rule

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Oil industry groups want a federal judge to block new mandates on hydraulic fracturing before they take effect.
Harold Hamm, Continental Resources CEO (AP PhotoKevin Cederstrom)

Oil tycoon Harold Hamm wanted earthquake scientists dismissed, dean’s e-mail says

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Hamm, the billionaire founder and chief executive officer of Oklahoma City-based Continental Resources, is a major donor to the university, which is the home of the Oklahoma Geological Survey. He has vigorously disputed the notion that he tried to pressure the survey’s scientists.
(Jim Wilson/The New York Times)

Shale tech could squeeze 141 billion barrels from oil fields outside the US

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Adapting the technology that powered the shale oil boom in Texas to the deserts of Saudi Arabia and elsewhere could free 141 billion barrels of crude, research firm IHS said Thursday.
Angela Spotts, right, of Stillwater, Okla., signs into the visitors' log at the office of Oklahoma Gov. Mary Fallin, in photo at center, after delivering petitions calling for a moratorium on the use of wastewater disposal wells by the oil and natural gas industry in areas where they may trigger earthquakes, in Oklahoma City, Monday, May 11, 2015. Fallin was not available to accept the petitions. Looking on at left is Gwen Ingram of Drumright, Okla. (AP Photo/Sue Ogrocki)

Oklahoma coalition wants well moratorium in earthquake areas

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Coalition members delivered 1,500 signatures to Gov. Mary Fallin’s office seeking a moratorium on the use of high-volume, high pressure disposals wells in 16 counties that the Oklahoma Corporation Commission, which regulates the oil and gas industry, has identified as “areas of interest” because of earthquake activity.
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Voices Commentary: two sides to the oil drop

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FuelFix Voices contributor Matt Smith writes about contrasting repercussions from the oil price drops.
(Jim Wilson/The New York Times)

Florida House passes legislation banning fracking bans

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Democrats opposed the bill, saying fracking should be banned in Florida because of the potential to contaminate groundwater.
(Photo by Andrew Burton/Getty Images)

North Dakota allowed to join Wyoming lawsuit against fracking rules

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The Obama administration announced in March that it will require companies that drill on federal lands to disclose the chemicals used in hydraulic fracturing.