Tag: E&P

Feds ask Shell for assurances on Arctic drilling

Federal regulators scrutinizing Shell’s bid to resume Arctic drilling next summer are pressing the company for more evidence it has fixed the kind of problems that plagued its last search for black gold in the region.  More »

Oilmen hope to make new history at Spindletop

The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.  More »

Texas natural gas value plummets by $1 billion

Energy industry activity in Texas generally has declined over the past year, as the rig count fell, drilling slowed, and hiring moderated, according to a monthly Texas Petro Index report.  More »

Oil industry capital expenditures to jump 13 percent in 2012

Worldwide spending by oil and natural gas companies is on track to break $1 trillion this year, with North America commanding the largest portion, according to an analysis by GlobalData.  More »

Report: U.S. oil reserves flourished in 2011

U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study.  More »

Rig count rises by 11

The number of rigs actively exploring for oil and natural gas in the U.S. rose 11 this week to 2,023.  More »