The Canadian oil company drills for hydrocarbons primarily in Texas and Alberta shale formations. In Colorado, it produces a daily haul of 14,800 barrels of oil and 52 million cubic feet of natural gas on the 51,000 net acres it plans to sell.
More than a dozen oil companies and trade groups have lined up to oppose plans to broaden the federal government’s oversight of safety practices at wells, saying existing standards are enough to protect workers nationwide.
Kinder Morgan Energy Partners first quarter profits were down 4.7 percent, the company announced Wednesday, but officials were upbeat that growing demand for natural gas would be a boon for the company.
BHP Billiton Petroleum, the Houston-based oil and gas arm of the Australian mining giant, is focusing its U.S. onshore drilling on its Black Hawk field in the Eagle Ford Shale. The company said Wednesday that about 75 percent of its onshore drilling activity is in the Eagle Ford, mostly in what it calls its Black […]
The ongoing crisis in Ukraine is a flashpoint for European and American leaders to reinforce energy security in Europe and redouble efforts to decrease Europe’s dependence on Russian natural gas. Russia provides nearly one-third of Europe’s annual natural gas demand which totaled 18.7 trillion cubic feet (Tcf) in 2013. Ukraine is also the major conduit […]
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