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.
The natural gas boom has turned the United States into a magnet for production of the chemical methanol, with nine major plants expected to be built, expanded or restarted in the country in the coming years.
Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.
As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean.
The state has set aside up to $24 million in grants for those switching to natural gas vehicles. The Texas Commission on Environmental Quality this week opened the program, which encourages those who own and operate heavy-duty or medium-duty vehicles to replace them with natural gas vehicles. You don’t have to buy a new vehicle. Converting an existing engine to run […]
Three counties in the Eagle Ford Shale region top the state’s latest list for crude oil production. Karnes, La Salle and Gonzales counties in September produced the most crude oil in Texas. Also in the state’s top 10 are three more Eagle Ford counties: DeWitt, McMullen and Dimmit. Here’s the list of September’s top crude oil producers – […]
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