Tag: Crude oil

Illinois state agency issues fracturing rules

he lengthy report follows months of delays and complaints over the process to draft rules governing hydraulic fracturing, or fracking, in Illinois. Industry officials say southern Illinois has rich deposits of natural gas, but a final draft of the rules — initially touted as a national model of both sides working together — has taken months for the agency to produce as industry groups warned the state was losing business.  More »

Drillers in Colorado especially mindful of the neighbors

Producers are finding ways to centralize oil field operations in a bid to boost efficiencies, cut costs and minimize disruptions for residents in the populous Colorado Front Range.  More »

Kansas town loses bid for new trial over BP pollution suit

The Kansas Court of Appeals on Friday rejected the request from residents and officials of Neodesha, who sued in 2004 for more than $478 million in cleanup costs plus damages.  More »

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »

Texas weighs new pipeline rules

Some Texas attorneys think proposed changes to state eminent domain rules for oil and gas pipeline operators don’t go far enough to protect people from the companies that take their land.  More »

Grouse measures defer drilling in much of Wyoming

The total area of federal oil and gas leases deferred in Wyoming to protect the greater sage grouse — ahead of next year’s expected decision on whether the bird is a threatened or endangered species — substantially exceeds the combined size of Yellowstone and Grand Teton national parks, U.S. Bureau of Land Management figures show.  More »

Parnon, Arcadia to pay $13 million in price-rigging suit

Parnon Energy, an oil logistics company, and London-based oil trader Arcadia Petroleum Ltd. agreed to pay $13 million to settle a U.S. regulator’s claims they manipulated oil futures prices.  More »

Chevron 2Q profit up on asset sales, oil prices

Global production slipped, however, to 2.55 million barrels per day of oil and gas from 2.58 million barrels per day last year  More »

Exxon reports higher earnings, lower production

Exxon Mobil Corp., the world’s largest energy company, fell after reporting worldwide oil and natural gas production declined to the lowest level in almost five years.  More »

Workshops on reporting problems set for Eagle Ford

The Laredo-based nonprofit Rio Grande International Study Center and the Environmental Defense Fund plan five free workshops in the Eagle Ford Shale region to teach residents and workers what to do if they have concerns about oil and gas development.  More »

Iraqi Kurds take over 2 northern oil fields

Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki.  More »

Foreign investors turn eyes to ND oil patch

Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes  More »
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