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Tag Archives: oil and gas

Huge shortage of well inspectors leaves many unmonitored

A pump jack works to extract oil and gas from a well in Wyoming's Niobrara shale

Maybe becoming a well inspector is your next job. The Houston Chronicle reported today that several thousand wells just haven’t been checked recently. Not because oil and gas operations are so efficient that there are never any mistakes. But because there just aren’t enough inspectors to go around. Commissioners report that approximately 65 percent of wells haven’t been inspected for ...

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Jenkins, Pompeo warn of ‘attack’ on fossil fuel industry

pumpjacks

WICHITA, Kan. (AP) — Kansas oil and gas producers listened to dire warnings about their industry’s future from two House members during their convention in Wichita. U.S. Rep. Lynn Jenkins told the Kansas Independent Oil and Gas Association on Monday that it is still an assault on the industry by President Barack Obama’s administration from a regulatory environment to tax ...

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Oklahoma City-based Kimray Inc. announces more layoffs

Kimray

OKLAHOMA CITY (AP) — An Oklahoma City-based company that makes equipment used in oil- and gas-fields will lay off 120 employees by the end of the week. The layoffs at Kimray Inc. announced Monday come after the company laid off 65 employees in March. Another 128 employees accepted voluntary buyouts in 2015. The latest cuts will leave the company with ...

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Colorado’s new, higher oil and gas fines are biting industry

Colorado

DENVER (AP) — Colorado is imposing heftier fines on energy companies as the state struggles to resolve conflicts between growing cities and big oilfields at their doorstep, an Associated Press analysis shows. Regulators say the tougher penalties for breaking health, safety and environmental rules are prompting energy companies to be more careful. Others say it’s too early to call them ...

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US proposes to cut methane emissions from oil, gas by nearly half

methane, obama administration

WASHINGTON (AP) — The Obama administration issued a final rule Thursday to cut methane emissions from U.S. oil and gas production by nearly half over the next decade as part of an ongoing push by President Barack Obama to curb climate change. The rule by the Environmental Protection Agency would reduce methane emissions from oil and gas drilling by 40 ...

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Beer, marijuana, oil taxes on final list for Colorado lawmakers

marijuana, Colorado lawmakers

DENVER (AP) — Gas and grass are some of the remaining to-do items waiting for Colorado lawmakers when they meet Wednesday for the last time this year. They’ve also got to agree on a bill allowing full-strength beer in more grocery stores. Colorado’s Democratic House and Republican Senate are close to agreement on one of the priciest bills of the ...

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Legislative committee releases oil, gas tax credit rewrite

JUNEAU, Alaska (AP) — An Alaska legislative committee on Tuesday unveiled a draft oil and gas tax credit bill aimed at breaking an impasse that helped send lawmakers into overtime, proposing to phase out most existing credits and calling for a new tax structure for Cook Inlet by 2019. But it received a muted response from some lawmakers who say ...

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Colorado bracing to repay millions in energy taxes

energy taxes, Colorado

DENVER (AP) — Colorado will have to cough up hundreds of millions in tax refunds to energy companies over the next couple years. And state lawmakers have until Wednesday to figure out how to pay the tab. A bill moving through the Legislature calls for an estimated $115 million in refunds to oil and gas companies. The money will be ...

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US attorney: 2 Belarusians stole $1.35M from drilling company

drilling company

PITTSBURGH (AP) — Federal authorities in Pittsburgh say two men have been charged by authorities in Belarus with receiving $1.35 million stolen in a phishing scheme from the bank account of a Pennsylvania oil and gas drilling company. U.S. Attorney David Hickton says 34-year-old Aleskey Yaroshevich and 41-year-old Egor Pavlenko are in police custody in their hometown of Minsk. Hickton’s office ...

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US stocks jump as JPMorgan gives banks a big boost

US stocks jump as JPMorgan gives banks a big boost

NEW YORK (AP) — U.S. stocks climbed again Wednesday as quarterly results from JPMorgan Chase gave banks a big lift. Economic news from China powered industrial and technology companies in the U.S. and stock exchanges overseas. JPMorgan Chase, the largest bank in the U.S., led a rally in financial stocks after its first-quarter results came in better than analysts expected. ...

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