Home / Energy / Oil (page 3)

Oil

Environmental groups raise concerns over Texas oil find near Balmorhea

Balmorhea, oil discovery west texas

HOUSTON (AP) — Some environmental organizations have raised concerns about a reported big oil and gas discovery in West Texas. The Houston Chronicle (http://bit.ly/2eDvvgQ ) reports several environmental groups are scrutinizing plans to drill around Balmorhea (BAL’-muh-ray) State Park and its famous spring-fed pool. Houston-based Apache Corp. last month announced plans for drilling after projecting up to 3 billion barrels ...

Read More »

USGS: Oklahoma earthquake likely caused by wastewater disposal

Oklahoma earthquake, wastewater injection well

FAIRVIEW, Okla. (AP) — The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the U.S. Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest of Fairview in February was likely induced by distant disposal wells, the agency said. The USGS report indicated that in ...

Read More »

Texas parks department lied about Balmorhea springs?

Balmorhea

FuelFix reported today that Texas state park officials did not actually conduct any research that analyzes impacts of oil drilling in West Texas’s Balmorhea State Park. With the controversy over drilling on federal lands one of the past year’s most debated oil and gas topics, it seems like a risky oversight on the part of park officials. Three weeks ago, ...

Read More »

AP Interview: IMF says low oil prices still hurting Mideast

middle east oil, mideast economy, oil prices, OPEC

DUBAI, United Arab Emirates (AP) — Oil-producing Mideast countries are coping with low global oil prices though more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization issued a new report Wednesday showing weak economic growth in the region. Masood Ahmed also told The Associated Press that Iran’s economy beat expectations by growing ...

Read More »

US rig count up 15 this week to 539; Louisiana gains 6

baker hughes rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 539. A year ago, 787 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 432 rigs sought oil and 105 explored for natural gas ...

Read More »

OPEC must enact cuts for sustained oil price rise, IEA says

PARIS (AP) — The International Energy Agency is urging OPEC countries to swiftly deliver on promised production cuts if they want to see a sustained increase in oil prices that will also help shore up their economies. In its monthly report Tuesday, the global watchdog said production from the Organization of the Petroleum Exporting Countries hit a record high in ...

Read More »

Laborers union applauds Dakota Access pipeline ruling

North Dakota oil production, pumpjack

BISMARCK, N.D. (AP) — North Dakota’s congressional delegation and a laborers union are applauding a federal appeals court ruling allowing construction to continue on a small stretch of the four-state Dakota Access pipeline. The ruling Sunday clears the way for pipeline work to resume within 20 miles of Lake Oahe in North Dakota. The pipeline is otherwise nearly complete. The ...

Read More »

North Dakota taps Wisconsin deputies for Dakota Access help

Sacred Stones camp, Sioux, Dakota Access, pipeline protest

BISMARCK, N.D. (AP) — North Dakota officials say Wisconsin is lending law enforcement resources to authorities responding to the Dakota Access pipeline protests. Officials said Friday that Wisconsin will provide up to 40 sworn sheriffs’ deputies from Dane County and the surrounding area to support the Morton County Sheriff’s Office in North Dakota. Officers will assist for up to 21-day ...

Read More »

Report shows Bakken production increases for July

pump jack, north dakota oil production

Oilprice.com recently reported Bakken oil production was up 3,046 barrels per day in July, despite an overall down trend. The report shows a preliminary total of 13,255 producing wells and a current (September) rig count of 33. This compares to an all-time high of 218 in May 2012. The rig count continues to slowly increase. Oilprice noted that over 98 ...

Read More »

USGS says 3.5-magnitude earthquake hits northern Oklahoma

Oklahoma earthquake, wastewater disposal well

PAWNEE, Okla. (AP) — A 3.5-magnitude earthquake struck northern Oklahoma on Tuesday morning, hitting the same spot where a record-setting temblor was centered a month ago. The U.S. Geological Survey says Tuesday’s earthquake hit shortly after 4 a.m. with an epicenter about 10 miles northwest of Pawnee, or about 75 miles northeast of Oklahoma City. There are no reports of ...

Read More »