Posts filtered on Tag

drilling

In this Aug. 4, 2015 file photo, Gov. Mary Fallin talks with the media after meeting with members of the Coordinating Council on Seismic Activity in Oklahoma City. With both the number and power of earthquakes increasing in Oklahoma, the Republican-controlled Legislature may be ready to take steps aimed at curbing the quakes scientists have linked to the underground disposal of oil and gas wastewater. (AP Photo/Sue Ogrocki, File)

Uptick in quakes could prompt action from Oklahoma lawmakers

on
According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Industry study predicts Gulf drilling plummet from safety rule

on
Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
Caption


Democratic U.S. Sen. Bob Menendez stands behind a Protect Our Coast sign, as he addresses a large rally opposing federal plans that would allow oil and gas drilling in the Atlantic Ocean, Sunday, Jan. 31, 2016, in Asbury Park, N.J. U.S. Sens. Menendez and Cory Booker and Rep. Frank Pallone, Jr., were among those who cited the potential for "catastrophic" oil spills that could cause economic and environmental harm at the Jersey shore. (AP Photo/Mel Evans)

Lawmakers, officials voice opposition to Atlantic drilling

on
Officials from several New Jersey shore towns joined with some members of the state’s congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean.
In this March 25, 2014 photo, a worker oils a pump during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. The first experimental use of hydraulic fracturing was in 1947, and more than 1 million U.S. oil and oil wells have been fracked since, according to the American Petroleum Institute. The National Petroleum Council estimates that up to 80 percent of natural oil wells drilled in the next decade will require hydraulic fracturing. (AP Photo/Brennan Linsley)

Flotek releases report refuting criticism that it manipulated data

on
The Houston-based oil field services company launched an investigation of its chemicals and data analysis software after an Australian fund manager in November disputed the accuracy of Flotek’s self-reported results.
(Spencer Platt/Getty Images)

Noble cuts dividend, pares back spending budget

on
Houston oil producer Noble Energy slashed its quarterly dividend, becoming the latest energy company to pare back its regular cash payments to shareholders amid industry-wide cost-cutting.
Associate chemist for fracturing technology, Juan Martinez, takes some measurements in a lab in the research and development building, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Houston added thousands of jobs in 2015, but growth was hard won as oil crashed

on
The monthly numbers fell in line with the near-zero growth rate that economists had been predicting.
EFS 28

Obama admin. proposes rule to limit gas flaring at drilling sites

on
New rules proposed move Friday will seek to reduce waste and harmful methane emissions as President Barack Obama addresses climate change.
FILE - This June 12, 2014 file photo shows an oil rig and pumps in Watford City, N.D. State data shows the number of rigs drilling in North Dakota's oil patch has dropped below 60 for the first time since 2009. Fifty-nine rigs were operating in western North Dakota's oil-producing region on Monday, Jan. 4, 2016. That's down from 171 rigs on the same day one year ago due to slumping oil prices. (AP Photo/Charles Rex Arbogast, File)

North Dakota sour crude wells could stop with poor prices

on
North Dakota Petroleum Council President Ron Ness said if sour crude prices were to hold at just a couple of dollars a barrel, the wells will likely be shut down until prices rebound.
(Ty Wright/Bloomberg)

Halcón Resources cuts budget in half, expects flat production next year

on
U.S. oil producer Halcón Resources says it’s planning to cut its investment spending in half next year in a “tempered approach” amid low crude prices, driving its energy output down.
The derrick of an oil drilling platform sits at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Noble Energy shrugs off downturn to crank up production

on
Despite pulling back from some of its oil fields, Noble Energy cranked up production in recent months, with plans to send more oil to market in the fourth quarter than it had originally projected.