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Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
This was only the third, double-digit increase in the count of oil rigs this year.
The bill calls for a $1 million study on how fracking would affect surface and groundwater, underground geology and how water and chemicals used in the process are disposed.
A recent infusion of capital helped the company fill the demand for renting its turn-key hybrid power generators.
The compromise settled a lawsuit filed by environmentalists who want to preserve the plateau’s forests, meadows, streams and wildlife.
The Houston producer’s plan to get rid of conventional drilling assets comes as several other companies plan similar divestitures.
National Oilwell Varco’s profits tumbled 78 percent in the third quarter as oil companies continued their retreat from the U.S. oil patch following a fresh collapse in oil prices.
A dozen Democrats insist oil companies aren’t telling shareholders the gritty reality of their crude pursuits, including the environmental and financial risks of drilling in the Arctic Ocean and other frontier areas.
Just five oil and gas companies submitted sealed bids for western Gulf of Mexico acreage, ahead of Wednesday’s auction in New Orleans.
The decision to stitch up a meter-long gash in the MSV Fennica at a Vigor Industrial shipyard in Oregon, rather than on site in Dutch Harbor, Alaska, is another setback for Shell.