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Category: Oil

Three Rivers acquisition accelerates Concho’s growth in core areas

Concho Resources’ drilling plans have received a major boost with this week’s agreement to acquire all the oil and natural gas assets of Three Rivers Operating Company for $1 billion in cash.


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ND oil tax ‘Legacy Fund’ tops $350M in 9 months

A newly created North Dakota trust fund for oil taxes now has about $353 million.  More »
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Oil rises to above $93 as traders mull Europe

Oil prices rose slightly to above $93 a barrel Thursday in Asia as traders mulled whether concern over Europe’s debt crisis justifies extending a sharp two-week sell-off.  More »
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Women geophysicists promote their industry

With graduation ceremonies being held across the country, students are turning their attention to career choices, and local geophysicists are promoting their field. They’re urging students with an affection for math, science and computers to consider a career in geophysics. And if you’re female, that’s just icing on the cake.


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Kimray Inc. introduces electric glycol pump

With fewer moving parts and no greenhouse gas emissions, Kimray Inc.’s new electric glycol pump appears to have a potentially huge market in the gas processing industry. The Oklahoma City-based company’s pump, which is now in what is referred to as a “soft release” is being called the first of its kind.


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Technology can unlock new fields, curb fears of peak oil

Technology advancements in oil and gas production will allow the industry to remain the world’s dominant energy supplier for decades and curb fears that fossil fuels are rapidly running out, a Chevron vice president said today.  More »
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Iran seen losing 500,000 barrels of oil shipments daily

Iran’s oil exports have the potential to fall another 300,000 to 500,000 barrels a day or more when the European Union’s embargo takes effect in July, according to Barclays Plc.  More »
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Oil falls to 6-month low near $92 on US supplies

Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected last week.  More »
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Alaska group to evaluate how to advance tax debate

Supporters of changes to Alaska’s oil production tax structure have called for a meeting to discuss how best to advance the debate after another legislative defeat.  More »
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Wind Energy: The wheels are coming off the gravy train

By Marita Noon  More »

Know how to identify phony gas-saving devices

The summer travel season is quickly approaching, and though gas prices have dropped in recent weeks, people everywhere are looking for ways to save money at the pump. Some have turned to the Internet for “miracle” devices and additives that promise to reduce gas consumption by jaw-dropping amounts.


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Crude oil prices hit Texas sweet spot

Crude oil prices might not seem picture perfect for consumers, but they’re just right for those in the energy industry.  More »
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