Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
Energy companies are making strides in capturing the natural gas that flows out of North Dakota oil wells but still have a long way to go to stop burning off the fossil fuel, governors and business executives said Monday.
The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.
In the short space of less than two weeks, there have been several climate change actions that might be signs bordering on desperation. First, Secretary of State John Kerry stated that climate change was like a weapon of mass destruction. And then, President Obama announced plans for additional heavy-duty vehicle fuel efficiency and greenhouse gas […]
Canary, an oil field services company based in Denver, recently boosted its Texas presence with the acquisition of American Wellhead, an Odessa-based wellhead sales and service company active in the Permian Basin. Canary CEO Dan Eberhart spoke with FuelFix recently about the company’s activities.
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