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Looking for a natural gas market in Texas


San Antonio — Texas is awash in natural gas. Now what? So much natural gas has been discovered in U.S. shale fields that prices have dropped, and now it’s a product in search of a market. The Eagle Ford Shale Task Force, a 24-member group formed in 2011, met Wednesday at the offices of the San Antonio Area Foundation to ...

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Marathon Oil plans $3.6 billion in N. America investment

oil investments

Marathon Oil said it plans to pour $3.6 billion into boosting its production of oil and gas from North America in 2014, outlining a plan increasingly focused on lucrative production in the United States. The Houston-based independent’s capital expenditure budget for 2014 will be $5.9 billion, with 60 percent allocated to North American plays, Marathon Oil said Wednesday. Integrated oil ...

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Shale success sparks midstream mania for Tulsa energy industry

Drilling new wells

The shale revolution nationwide has given birth to midstream mania in Tulsa. The explosion in U.S. oil and gas production is due to the overflowing plays such as the Bakken, Eagle Ford, Marcellus and Niobrara shales. Closer to home, the same combination of hydraulic fracturing and horizontal drilling is yielding bigger results in the Mississippi Lime. So much energy, so ...

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Allegheny County budget contains no tax increase

Allegheny County Council tonight approved a $854.8 million operating budget for 2016 that includes no property tax increase. The spending plan, which represents a nearly 1.9 percent increase over this year’s operating budget, passed in a 14-1 vote. Heather Heidelbaugh, R-Mt. Lebanon, voted against it and the $91.7 million capital budget after her amendments to each were voted down. She ...

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Consumer prices slow with O&G in the west

Despite a slow but steady oil price recovery for Colorado, the growth recently came to a halt, and with it, consumer prices. According to the Denver Business Journal, the U.S. Bureau of Labor Statistics reported a 0.3 percent jump in the federal consumer price index (CPI) in western states for the month of April. This gain is notably smaller than ...

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