The records, provided by the U.S. Coast Guard in response to a Freedom of Information Act request, also describe a botched fire drill by the crew of another Shell-contracted drilling rig months before it began boring an exploratory oil well in the Chukchi Sea.
Well-heeled investors who control a growing block of money behind the North American energy surge have stepped up their bid to wring profits from oil companies, steering capital away from projects and toward dividends.
Midland-based Clayton Williams Energy said today it has sold its Austin Chalk and Eagle Ford Shale wells and acreage for $71 million. The wells and leases are in Wilson, Brazos, La Salle, Frio and Robertson counties. They accounted for about 5 percent of the company’s oil and gas production at the end of 2013. The […]
From the Associated Press: The number of carloads of crude oil U.S. railroads delivered last year surged 83 percent over 2012 as concerns about the shipments grow. The Association of American Railroads said Thursday the major U.S. railroads delivered 434,042 carloads of crude oil in 2013. That’s well above the 236,556 carloads of crude oil […]
The isolated wetland smelled like a garage when a reporter from The Associated Press visited last week, and the charred skeletons of burned trees rose out of water covered with an iridescent sheen and swirling, weathered oil.
The 11,065-foot span is raising speculation that it was the longest horizontal length that ever has been drilled on land and under a river, one of the biggest obstacles Mother Nature can throw at a pipeline drill.
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