While the federal government’s targeting natural gas flaring on federal lands, the practice in the state where the highest amount has been carried out has fallen sharply since 2014. North Dakota’s flaring as of March 2016 was down to 10%, less than a third of the January 2014 flaring rate of 36%, according to figures …
Oil futures finished down on Monday as trading closed amid concern about an increase in production, according to Bloomberg MarketWatch. July West Texas Intermediate crude had its lowest finish since June 3, dropping 19 cents, or 0.4%, to end trade on the New York Mercantile Exchange at $48.88 a barrel. On London’s ICE Futures exchange, …
Denver, Colorado-based Antero Resources Corporation announced it has signed an agreement to buy 55,000 net acres in the core of the Marcellus Shale for $450 million. It identified the seller only as a “third-party” but said 75% of the acreage contains dry Utica rights. The purchase also includes undeveloped properties located primarily in Wetzel, Tyler …
Oklahoma City legislator Richard Morrissette not only is sponsoring a public forum to be held at the State Capitol on wastewater and the injection wells thought to be causing Oklahoma’s earthquakes, he wants an interim legislative study on the issue. He filed the request last week on the day of the deadline for such requests. …
A state legislator who is running for an Oklahoma Corporation Commission seat and the Ponca Nation Council will hold an Oil and Gas Industry Forum Tuesday exploring a way to reduce wastewater injection and the number of earthquakes in the state. The forum will be held at the State Capitol and focus on …
U.S. oil futures finished below $50 a barrel on Friday as traders worried about an increase in production due to higher settlements, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell $1.49, or 3%, to end trade on the New York Mercantile Exchange at $49.07 a barrel. For the week, WTI futures rose almost …
State legislators could be making another study and examination of oil and gas drilling in relation to homes and businesses and the rights of those property owners. First, the State House Speaker has to approve the request for an interim study proposal that was made by Rep. Steve Kouplen, (D-Beggs) who submitted it prior to …
After nearly 80 years, Mexico is getting its first gas station that isn’t owned or operated by the government-owned Pemex corporation. Two companies recently opened three gas stations under their brands, a result of energy reforms passed two years ago by the federal government. The company, Hidrosina opened one in Mexico City while the …
The U.S. Geological Survey now says Western Colorado has far, far more natural gas than previously thought…maybe 40 times more. It’s what government and industry experts recently said in Denver, explain the Mancos Shale formation in the state’s Piceance Basin holds an estimated 66.3 trillion cubic feet of gas. That’s a huge increase from …
In order to settle a Federal Trade Commission complaint that a merger of Williams Companies with Energy Transfer Equity would harm competition in Florida, the two companies have agreed to dump Williams’ interest in an interstate natural gas pipeline. The FTC made the announcement, indicating the proposed consent agreement “preserves competition between Florida Gas Transmission …
