In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.
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.
Leaked oil from a ruptured pipeline in an eastern Chinese port city exploded Friday, killing at least 35 people, injuring 166 and contaminating the sea in one the country’s worst industrial accidents of the year, authorities said.
The federal government has ordered five companies to cease their offshore oil and gas operations, after the firms failed to give regulators a required audit of safety plans newly required since the 2010 Deepwater Horizon disaster.
“The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters” gives an inside look at the conflicts and difficult decisions that made Harold Hamm, George Mitchell, Aubrey McClendon and others the biggest names in the modern oil and gas rush.
Comstock Resources Inc. will purchase 70 percent of Ursa Resources Group II LLC’s interests in the eastern part of the Eagle Ford Shale. The $66.5 million deal includes one well producing 433 barrels of oil equivalent per day and 32,000 gross acres in Burleson and Washington counties. The company said the properties are near successful […]
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