A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut.
Check out which blockbuster energy stories the FuelFix staff ranked as the nation’s most important of 2013. Then vote for the news that you think rocked the industry enough to qualify as one of the year’s biggest moments.
The Houston-based Marathon Oil Corp. plans to spend $2.3 billion in the Eagle Ford Shale in 2014. The company will drill between 250 and 260 wells net to Marathon, after industry partners and royalty owners are paid. (In all, Marathon will be operating between 340 and 355 new wells in South Texas). The $2.3 billion […]
La Salle County and the Texas Department of Transportation recently announced that the county – officially – will avoid having paved roads turned into gravel. Whew. How is La Salle County avoiding going back in time to the days of unpaved rural roads? The county is established a County Energy Transportation Reinvestment Zone, or CETRZ, […]
As the first trains rolled into a Quebec town devastated by a derailment and fire that killed 47 people, a federal bankruptcy judge approved bidding procedures Wednesday for the auction of the Maine-based railroad that owned the train.
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