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.
The stock of Houston-based Sanchez Energy Corp. declined the most in three months after reporting an Eagle Ford Shale well made more water than oil, Bloomberg is reporting. Sanchez fell 7 percent to $29.74, the biggest drop since Nov. 7. Bloomberg says: The Sante North 1H well produced 766 barrels of water, 150 barrels of […]
The average pay for North American oil and gas professionals dropped last year to $92,160, according to Rigzone. Their pay was $94,722 in 2012. Globally, average compensation fell 2 percent to $95,820 last year. “While pay is leveling off, it’s worth noting that oil and gas workers in North America at current rates are earning […]
U.S. authorities asked a federal judge Thursday to streamline the “penalty phase” of the BP oil spill trial by ordering that the 2010 disaster caused serious harm to the environment, residents and businesses around the Gulf of Mexico.
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