The latest oil pipeline spill along the Pacific coast of California again involves Plains all American Energy, the same firm whose pipeline resulted in a grand jury indictment over alleged lax operations. This time the spill involved about 29,000 gallons of crude oil near Ventura, California but the oil did not reach the beach. However, …
Law firms across the U.S. are hailing a Wyoming federal judge’s ruling that struck down the Obama administration’s fracturing rules as a huge win for the oil and gas industry. The U.S. District judge ruled the U.S. Department of the Interior had no legal authority to involve itself in creating fracking control rules on federal …
Rig counts for the U.S. and Oklahoma fell over the past week with Oklahoma losing four and the national count dropping by three, according to data released by Baker Hughes Company of Houston, Texas. Oklahoma’s count slipped to 54 compared to the 105 oil and gas rigs the state had one year ago this week. …
Oil futures climbed back above the key benchmark of $50 a barrel on Thursday, buoyed by traders who speculated that the United Kingdom would remain as a member of the European Union, according to Bloomberg MarketWatch. August West Texas Intermediate crude increased by 98 cents, or 2%, to end trading at $50.11 a barrel on …
Facing five lawsuits and being accused of causing earthquakes in the state, Tulsa-based New Dominion LLC has gone to court against underwriters Lloyd’s of London. The company filed suit in Tulsa County District court claiming the company and Mark Tedford and his firm, Tedford & Associates LLC misled the firm about earthquake damage and whether …
The Obama administration is not happy after a Wyoming federal judge ruled against hydraulic fracturing rules created by the Bureau of Land Management covering oil and gas drilling on federal and Indian lands. A spokeswoman defended what she called “modernized fracking requirements” and said they “are aimed at ensuring adequate well control, preventing groundwater contamination …
Oil futures settled below $50 a barrel on Wednesday as a weekly government report revealed a plateau in crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude shed 72 cents, or 1.4%, to end trading at $49.13 a barrel, falling from $50.18 a barrel before release …
North Dakota has experienced its second oilfield fatality in the past week. The latest was a 36-year-old man struck by the boom of a crane being used to remove pipe out of the ground. He worked for a Michigan-based drilling contractor hired to perform work on the well that is owned by Houston-based EOG …
The same federal judge in Wyoming who last year blocked implementation of President Obama’s first attempts at controlling fracking on federal and Indian lands has now struck down those regulations. “The issue before this Court is not whether hydraulic fracturing is good or bad for the environment or the citizens of the United States,” …
Oklahoma’s STACK has been so good to Houston, Texas based Newfield Exploration Company, the energy producer has issued an interim operations update and raised production expectations for the second quarter and the rest of 2016. Second quarter 2016 net production is now expected to exceed the mid-point guidance by nearly 0.5 million barrels and …
