A Senate proposal to overhaul Alaska’s oil tax structure could cost the state up to $1.3 billion next year, hundreds of millions more than plans put forth by Gov. Sean Parnell and a different Senate committee, according to an analysis released Wednesday. More »
At least 39 states have laws that allow some form of so-called compulsory integration, which forces landowners to sell oil and gas beneath their property. In New York, residents who oppose hydraulic fracturing are asking the state to do away with the law. More »
Jobs numbers and other benefits touted by supporters of the Keystone XL oil pipeline are probably exaggerated, President Barack Obama told House Republicans on Wednesday, according to lawmakers who attended the closed-door meeting. More »
The economic impact of North Dakota’s oil industry has increased nearly sevenfold between 2005 and 2011, from $4.4 billion to $30.4 billion, according to a study from North Dakota State University. More »
A Texas lawyer has resigned from the team of plaintiffs’ attorneys who brokered a multibillion-dollar settlement with BP PLC and are facing the company at trial over the massive 2010 oil spill in the Gulf of Mexico. More »
A fire raging in a coastal Louisiana bayou, where a tugboat pushing an oil barge struck a gas pipeline, appeared to have diminished Wednesday night, but is far from extinguished, the Coast Guard said. More »
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