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Tag Archives: drilling

Will Trump’s policies affect drilling or pipelines?

The election of Donald Trump has thrilled many people across the West’s oil and gas industry who say his promises to roll back regulations will free it from unfair and unnecessary obstacles imposed by President Obama, including drilling in the Western part of the United States. As California “If the Trump administration does nothing but stop being hostile to us, we’ll ...

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Colorado has 40 times more natural gas than thought

natural gas, Colorado, hydraulic fracturing

DENVER (AP) — Western Colorado has 40 times more natural gas than previously thought, but an immediate boom is unlikely because of low gas prices, government and industry experts said Wednesday. The U.S. Geological Survey said the Mancos Shale formation in Colorado’s Piceance (PEE’-yahns) Basin holds about 66.3 trillion cubic feet of gas, up from 1.6 trillion estimated in 2003. ...

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Stricter offshore drilling rules issued, upsetting industry

Stricter offshore drilling rules issued, upsetting industry

NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce risks in digging wells, but the oil industry and its supporters in Congress say they are costly and questioned their need. The rules published by the Interior Department came nearly six years after the catastrophic blowout ...

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Vietnam demands that China move oil rig

Vietnam demands that China move oil rig

HANOI, Vietnam (AP) — Vietnam demanded Friday that China remove an oil exploration rig from an area of the South China Sea where their border is still being demarcated, and said Beijing’s unilateral actions were complicating regional tensions. The oil rig was at the center of a standoff between the countries in 2014 when China parked it near the Paracel ...

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Scientists: Earthquake risk increases in 2016

Scientists: Earthquake risk increases in 2016

WASHINGTON (AP) — Federal scientists say the chance of a damaging earthquake hitting east of the Rockies has increased significantly, much of it a man-made byproduct of drilling for energy. Oklahoma now has a 1 in 8 chance of damaging quakes in 2016, surpassing California as the state with the highest probability. In a first-of-its-kind effort, U.S. Geological Survey Monday ...

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Texas oil and gas regulator dashes Army Corps’ drilling rule

Texas oil and gas regulator dashes Army Corps' drilling rule

GRAND PRAIRIE, Texas (AP) — Texas’ oil and gas regulator has challenged the U.S. Army Corps of Engineers’ authority to ban hydraulic fracturing and limit injection wells near a North Texas dam. In a letter sent to the corps on Thursday, Texas Railroad Commission Executive Director Kimberly Corley questioned restrictions the corps announced last week that would ban fracking within ...

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Anti-drilling protesters shout, disrupt oil, gas lease sale

Anti-drilling protesters shout, disrupt oil, gas lease sale

NEW ORLEANS (AP) — Protesters opposed to drilling in the Gulf of Mexico disrupted an oil and gas lease sale Wednesday, chanting and waving signs as government officials read bids from companies for the right to explore and develop fossil fuels offshore. Government officials said afterward that the sale — for tracts in the central and eastern regions of the ...

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Half of continental U.S. oil production comes from new wells

Half of continental U.S. oil production comes from new wells

About half of the oil produced in the continental United States last year came from wells drilled after January 2014, according to the U.S. Energy Information Administration. The data provides insight into the importance of short-cycle shale production and advances in oil industry technologies. Many companies are targeting short-cycle investments, lower-cost projects that take months, rather than years, to come ...

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Offshore plan closes door to new American energy opportunities

Offshore plan closes door to new American energy opportunities

WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) President Barry Russell released the following statement on the next stage of the Obama Administration’s proposed five-year offshore oil and gas leasing program for 2017-2022: “Offshore energy production has and will continue to be integral to America’s energy future – for good-paying jobs, national energy security, and billions of dollars in ...

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Chevron shifts focus to Texas shale

Chevron shifts focus to Texas shale

Chevron plans to focus on shorter-cycle investments in West Texas shale plays after its larger, long-term investments come into production this year. By the end of the decade, Chevron believes it can nearly triple its oil production in the Permian Basin by increasing its rig count from seven to 14. “Don’t be surprised if by the middle of the next ...

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